Analysts Set Cintas Corporation (NASDAQ:CTAS) PT at $215.17

Cintas Corporation (NASDAQ:CTAS) has been given a consensus recommendation of “Hold” by the fourteen brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $215.1667.

A number of analysts have recently issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Weiss Ratings cut shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. Citigroup reduced their price objective on shares of Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research note on Tuesday, March 31st. Robert W. Baird raised shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective for the company in a research note on Wednesday, March 11th. Finally, UBS Group reissued a “buy” rating on shares of Cintas in a research note on Thursday, March 12th.

Insider Buying and Selling at Cintas

In related news, Director Ronald W. Tysoe sold 4,666 shares of the company’s 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 completion of the transaction, the director owned 22,448 shares in the company, valued at approximately $4,015,273.76. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Cintas

A number of hedge funds and other institutional investors have recently modified their holdings of CTAS. Nemes Rush Group LLC bought a new position in shares of Cintas during the fourth quarter worth $25,000. First United Bank & Trust bought a new position in shares of Cintas during the first quarter worth $25,000. Whipplewood Advisors LLC boosted its position in shares of Cintas by 1,712.5% during the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after acquiring an additional 137 shares during the last quarter. Swiss RE Ltd. bought a new position in shares of Cintas during the fourth quarter worth $25,000. Finally, Camelot Portfolios LLC bought a new position in shares of Cintas during the fourth quarter worth $26,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $171.09 on Wednesday. The firm has a fifty day moving average price of $174.06 and a 200-day moving average price of $185.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74. The stock has a market cap of $68.45 billion, a PE ratio of 48.33, a price-to-earnings-growth ratio of 3.04 and a beta of 0.96. Cintas has a 1 year low of $161.16 and a 1 year high of $229.24.

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

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, May 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. Cintas’s dividend payout ratio is currently 50.85%.

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.