Cintas Corporation (NASDAQ:CTAS) Receives $224.54 Average PT from Brokerages

Cintas Corporation (NASDAQ:CTAS - Get Free Report) has earned an average rating of "Hold" from the fourteen research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $224.5385.

A number of equities research analysts have issued reports on CTAS shares. Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $196.00 to $221.00 in a research note on Tuesday, July 1st. Morgan Stanley increased their target price on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. UBS Group lifted their target price on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Robert W. Baird upped their price target on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Finally, Redburn Atlantic lowered shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective for the company. in a report on Thursday, May 1st.

Insiders Place Their Bets

In related news, CEO Todd M. Schneider sold 17,301 shares of Cintas stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $220.90, for a total value of $3,821,790.90. Following the completion of the transaction, the chief executive officer owned 622,712 shares in the company, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Martin Mucci purchased 1,200 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were acquired at an average cost of $222.55 per share, with a total value of $267,060.00. Following the completion of the purchase, the director directly owned 2,621 shares in the company, valued at $583,303.55. The trade was a 84.45% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 15.00% of the company's stock.

Institutional Investors Weigh In On Cintas

Large investors have recently added to or reduced their stakes in the stock. Coppell Advisory Solutions LLC increased its position in shares of Cintas by 7.1% during the second quarter. Coppell Advisory Solutions LLC now owns 1,987 shares of the business services provider's stock worth $439,000 after acquiring an additional 132 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in shares of Cintas in the second quarter worth $448,000. Advisory Services Network LLC lifted its position in Cintas by 28.8% during the 2nd quarter. Advisory Services Network LLC now owns 17,935 shares of the business services provider's stock worth $3,991,000 after acquiring an additional 4,010 shares during the period. Cim LLC grew its stake in Cintas by 531.0% during the 2nd quarter. Cim LLC now owns 52,045 shares of the business services provider's stock valued at $11,599,000 after purchasing an additional 43,797 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Cintas by 5.1% in the second quarter. Geneos Wealth Management Inc. now owns 6,788 shares of the business services provider's stock valued at $1,513,000 after purchasing an additional 332 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Performance

Shares of CTAS stock traded up $0.3150 during mid-day trading on Monday, reaching $217.0450. 338,236 shares of the company's stock traded hands, compared to its average volume of 1,677,893. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. The firm has a market capitalization of $87.46 billion, a PE ratio of 49.21, a price-to-earnings-growth ratio of 3.73 and a beta of 1.03. Cintas has a 12 month low of $180.78 and a 12 month high of $229.24. The firm has a 50 day moving average price of $220.44 and a two-hundred day moving average price of $212.36.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.63 billion. Cintas had a return on equity of 41.21% and a net margin of 17.53%.Cintas's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.99 earnings per share. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, research analysts forecast that Cintas will post 4.31 EPS for the current year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Cintas's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, August 15th. Cintas's payout ratio is 40.82%.

About Cintas

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.