Cintas (NASDAQ:CTAS) Sets New 1-Year High – Should You Buy?

Cintas Corporation (NASDAQ:CTAS) reached a new 52-week high during trading on Wednesday. The stock traded as high as $228.15 and last traded at $227.5560, with a volume of 213,164 shares changing hands. The stock had previously closed at $223.74.

Wall Street Analyst Weigh In

CTAS has been the subject of several analyst reports. Citigroup raised their target price on shares of Cintas from $180.00 to $181.00 and gave the company a “sell” rating in a research note on Wednesday, September 30th. UBS Group reaffirmed a “buy” rating and set a $235.00 price target (up from $230.00) on shares of Cintas in a research report on Thursday, September 24th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Cintas in a research note on Thursday, September 10th. The Goldman Sachs Group lifted their price objective on shares of Cintas from $231.00 to $239.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Finally, Robert W. Baird set a $222.00 price objective on shares of Cintas and gave the stock an “outperform” rating in a research note on Thursday, September 24th. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $218.62.

Cintas Stock Performance

The company has a market cap of $91.04 billion, a P/E ratio of 45.11, a price-to-earnings-growth ratio of 3.56 and a beta of 0.86. The stock has a 50 day moving average price of $205.20 and a two-hundred day moving average price of $190.81. The company has a quick ratio of 1.29, a current ratio of 1.45 and a debt-to-equity ratio of 0.27.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, research analysts predict that Cintas Corporation will post 5.53 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 13th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 13th. Cintas’s payout ratio is currently 41.03%.

Hedge Funds Weigh In On Cintas

A number of institutional investors have recently added to or reduced their stakes in CTAS. StoneRidge PMG Advisors LLC acquired a new stake in shares of Cintas during the 3rd quarter valued at $549,000. Paragon Advisors LLC increased its holdings in Cintas by 0.8% in the third quarter. Paragon Advisors LLC now owns 12,819 shares of the business services provider’s stock worth $2,501,000 after purchasing an additional 100 shares in the last quarter. M Holdings Securities Inc. bought a new position in Cintas during the third quarter worth $1,097,000. Brighton Jones LLC increased its position in Cintas by 3.0% in the 3rd quarter. Brighton Jones LLC now owns 4,528 shares of the business services provider’s stock valued at $883,000 after buying an additional 131 shares in the last quarter. Finally, Chapman Investment Management LLC raised its position in shares of Cintas by 199.8% during the third quarter. Chapman Investment Management LLC now owns 27,165 shares of the business services provider’s stock worth $5,299,000 after purchasing an additional 54,385 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Company Profile

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.