Cintas Corporation (NASDAQ:CTAS) Receives Consensus Rating of "Hold" from Analysts

Shares of Cintas Corporation (NASDAQ:CTAS - Get Free Report) have received a consensus rating of "Hold" from the fifteen ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $215.81.

Several brokerages have issued reports on CTAS. Redburn Atlantic lowered shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target on the stock. in a research note on Thursday, May 1st. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $240.00 price target (up from $215.00) on shares of Cintas in a research note on Monday, June 9th. Truist Financial lifted their price target 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. Robert W. Baird boosted their price objective 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. Finally, UBS Group boosted their price objective on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th.

Insider Transactions 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 shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the completion of the transaction, the director now directly owns 27,029 shares of the company's stock, valued at approximately $5,647,979.84. The trade was a 23.97% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cintas

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its position in Cintas by 26.7% in the 4th quarter. Ameriprise Financial Inc. now owns 2,228,609 shares of the business services provider's stock valued at $407,163,000 after acquiring an additional 468,950 shares during the period. Alpine Global Management LLC acquired a new position in Cintas in the 4th quarter valued at approximately $284,000. Treasurer of the State of North Carolina increased its position in Cintas by 12.3% in the 4th quarter. Treasurer of the State of North Carolina now owns 170,182 shares of the business services provider's stock valued at $31,092,000 after acquiring an additional 18,620 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its position in Cintas by 97.6% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 7,470 shares of the business services provider's stock valued at $1,365,000 after acquiring an additional 3,690 shares during the period. Finally, Bank of Montreal Can increased its position in Cintas by 5.7% in the 4th quarter. Bank of Montreal Can now owns 575,491 shares of the business services provider's stock valued at $105,142,000 after acquiring an additional 30,811 shares during the period. Institutional investors own 63.46% of the company's stock.

Cintas Trading Up 0.1%

CTAS opened at $220.75 on Friday. The stock has a market capitalization of $89.14 billion, a P/E ratio of 51.13, a P/E/G ratio of 3.44 and a beta of 1.07. Cintas has a 12 month low of $172.20 and a 12 month high of $229.24. The firm's fifty day simple moving average is $218.64 and its 200 day simple moving average is $205.63. The company has a current ratio of 1.72, a quick ratio of 1.50 and a debt-to-equity ratio of 0.44.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.53% and a return on equity of 41.30%. The business had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.60 billion. During the same period in the previous year, the firm posted $3.84 EPS. The firm's revenue was up 8.4% compared to the same quarter last year. As a group, research analysts anticipate that Cintas will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Thursday, May 15th. Cintas's dividend payout ratio (DPR) is presently 36.11%.

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.

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