Cintas Corporation (NASDAQ:CTAS) Receives Average Rating of “Hold” from Brokerages

Shares of Cintas Corporation (NASDAQ:CTAS) have received an average rating of “Hold” from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $215.1667.

Several analysts recently issued reports on CTAS shares. UBS Group reissued a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. Robert W. Baird raised shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target for the company in a research report on Wednesday, March 11th. Bank of America started coverage on shares of Cintas in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price target for the company. Weiss Ratings downgraded shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 1st. Finally, Citigroup reduced their price target on shares of Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research report on Tuesday, March 31st.

Cintas Stock Performance

Shares of CTAS stock opened at $176.28 on Friday. The company has a market cap of $70.53 billion, a price-to-earnings ratio of 49.80, a price-to-earnings-growth ratio of 2.80 and a beta of 0.94. Cintas has a 52 week low of $161.16 and a 52 week high of $226.75. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $173.55 and a 200-day moving average of $184.29.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the firm posted $1.13 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities analysts forecast that Cintas will post 4.89 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s dividend payout ratio (DPR) is presently 50.85%.

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of Cintas stock in a transaction on Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the transaction, the director directly owned 22,448 shares of the company’s stock, valued at $4,015,273.76. The trade was a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cintas

Hedge funds have recently bought and sold shares of the company. Nemes Rush Group LLC purchased a new position in Cintas during the 4th quarter worth $25,000. Swiss RE Ltd. purchased a new position in Cintas during the 4th quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new position in Cintas during the 4th quarter worth $26,000. Triumph Capital Management purchased a new position in Cintas during the 3rd quarter worth $29,000. Finally, Camelot Portfolios LLC purchased a new position in Cintas during the 4th quarter worth $26,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Company Profile

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.