Shares of Cintas Corporation (NASDAQ:CTAS – Get Free Report) have received an average rating of “Hold” from the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $215.9231.
CTAS has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Cintas from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Truist Financial dropped their price objective on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, June 15th. Stifel Nicolaus dropped their price objective on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. Citigroup dropped their price objective on shares of Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a report on Tuesday, March 31st. Finally, UBS Group reaffirmed a “buy” rating on shares of Cintas in a report on Thursday, March 12th.
Read Our Latest Analysis on CTAS
Insider Activity at Cintas
Institutional Trading of Cintas
A number of hedge funds have recently added to or reduced their stakes in the company. One Capital Management LLC raised its holdings in Cintas by 0.9% in the 4th quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock worth $1,159,000 after purchasing an additional 53 shares during the period. Richardson Financial Services Inc. raised its holdings in Cintas by 1.1% in the 4th quarter. Richardson Financial Services Inc. now owns 5,058 shares of the business services provider’s stock worth $951,000 after purchasing an additional 54 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Cintas by 0.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock worth $1,236,000 after purchasing an additional 58 shares during the period. Mather Group LLC. raised its holdings in Cintas by 1.4% in the 4th quarter. Mather Group LLC. now owns 4,381 shares of the business services provider’s stock worth $824,000 after purchasing an additional 59 shares during the period. Finally, Woodward Diversified Capital LLC raised its holdings in Cintas by 4.8% in the 4th quarter. Woodward Diversified Capital LLC now owns 1,288 shares of the business services provider’s stock worth $242,000 after purchasing an additional 59 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.
Cintas Stock Performance
Shares of Cintas stock opened at $170.85 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51. Cintas has a 12-month low of $161.16 and a 12-month high of $226.75. The firm has a market capitalization of $68.35 billion, a price-to-earnings ratio of 48.26, a PEG ratio of 2.72 and a beta of 0.94. The firm’s 50 day simple moving average is $173.50 and its two-hundred day simple moving average is $183.88.
Cintas (NASDAQ:CTAS – Get Free Report) last issued its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.24. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the business posted $1.13 EPS. Cintas’s revenue for the quarter was up 8.9% compared to the same quarter last year. Analysts predict that Cintas will post 4.89 EPS for the current year.
Cintas Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 15th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, May 15th. Cintas’s dividend payout ratio is 50.85%.
About Cintas
Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.
Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.
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