Cintas Co. (NASDAQ:CTAS) Given Consensus Rating of "Hold" by Analysts

Shares of Cintas Co. (NASDAQ:CTAS - Get Free Report) have earned a consensus rating of "Hold" from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $213.88.

Several analysts have weighed in on CTAS shares. UBS Group lifted their target price on Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Bank of America assumed coverage on shares of Cintas in a research note on Thursday, April 10th. They set a "buy" rating and a $250.00 target price on the stock. Robert W. Baird upped their price target on shares of Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a research note on Thursday, March 27th. Truist Financial raised their price objective on shares of Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $215.00 price target on shares of Cintas in a research note on Thursday, March 27th.

Insider Buying and Selling at Cintas

In other news, COO Jim Rozakis sold 2,000 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $190.37, for a total value of $380,740.00. Following the transaction, the chief operating officer now owns 256,528 shares of the company's stock, valued at approximately $48,835,235.36. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the company's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $208.96, for a total value of $1,780,548.16. Following the completion of the transaction, the director now directly owns 27,029 shares in the company, valued at approximately $5,647,979.84. This represents a 23.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 15.00% of the company's stock.

Institutional Trading of Cintas

Institutional investors have recently modified their holdings of the stock. Aptus Capital Advisors LLC increased its stake in Cintas by 9.6% in the first quarter. Aptus Capital Advisors LLC now owns 99,276 shares of the business services provider's stock valued at $20,404,000 after acquiring an additional 8,701 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Cintas by 0.7% in the 1st quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider's stock valued at $841,749,000 after acquiring an additional 28,469 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Cintas by 13.6% in the first quarter. Brooklyn Investment Group now owns 3,385 shares of the business services provider's stock valued at $696,000 after buying an additional 404 shares during the period. Versor Investments LP raised its holdings in Cintas by 139.4% in the 1st quarter. Versor Investments LP now owns 3,515 shares of the business services provider's stock valued at $722,000 after buying an additional 2,047 shares during the last quarter. Finally, Algert Global LLC boosted its position in Cintas by 11.6% during the 1st quarter. Algert Global LLC now owns 30,334 shares of the business services provider's stock worth $6,235,000 after buying an additional 3,164 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Performance

Cintas stock traded down $1.66 during mid-day trading on Friday, reaching $215.33. The company's stock had a trading volume of 1,394,727 shares, compared to its average volume of 1,703,559. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. Cintas has a twelve month low of $164.93 and a twelve month high of $228.12. The business has a 50 day moving average price of $203.15 and a 200-day moving average price of $204.44. The firm has a market cap of $86.95 billion, a price-to-earnings ratio of 51.92, a PEG ratio of 3.98 and a beta of 1.09.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.08. The firm had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. Cintas's revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company posted $3.84 earnings per share. Sell-side analysts predict that Cintas will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas's dividend payout ratio (DPR) is presently 36.11%.

Cintas Company Profile

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.