Cintas (NASDAQ:CTAS) Sets New 52-Week High – What’s Next?

Cintas Corporation (NASDAQ:CTAS)’s stock price hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $219.46 and last traded at $219.1470, with a volume of 533,674 shares trading hands. The stock had previously closed at $217.03.

Analysts Set New Price Targets

A number of brokerages have issued reports on CTAS. Jefferies Financial Group raised their target price on Cintas from $200.00 to $210.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a report on Thursday, September 24th. Citigroup lifted their target price on shares of Cintas from $180.00 to $181.00 and gave the stock a “sell” rating in a research note on Wednesday, September 30th. Weiss Ratings upgraded shares of Cintas from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Finally, Argus increased their price target on shares of Cintas from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $218.50.

Cintas Stock Performance

The firm has a 50 day simple moving average of $202.22 and a 200-day simple moving average of $188.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29. The company has a market cap of $88.96 billion, a price-to-earnings ratio of 44.19, a PEG ratio of 3.49 and a beta of 0.92.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, analysts predict that Cintas Corporation will post 5.53 EPS for the current fiscal year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were issued a $0.52 dividend. This is an increase from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, August 14th. This represents a $2.08 annualized dividend and a yield of 0.9%. Cintas’s payout ratio is presently 41.03%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. William Allan Corp raised its stake in shares of Cintas by 0.5% in the 3rd quarter. William Allan Corp now owns 9,608 shares of the business services provider’s stock valued at $1,874,000 after acquiring an additional 48 shares during the period. Rehmann Capital Advisory Group lifted its holdings in shares of Cintas by 1.6% in the 2nd quarter. Rehmann Capital Advisory Group now owns 3,355 shares of the business services provider’s stock worth $580,000 after acquiring an additional 54 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Cintas by 0.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock worth $1,236,000 after acquiring an additional 58 shares during the last quarter. Sachetta LLC boosted its position in shares of Cintas by 46.0% during the 1st quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock worth $34,000 after purchasing an additional 63 shares during the period. Finally, Pinnacle Associates Ltd. boosted its position in shares of Cintas by 4.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,462 shares of the business services provider’s stock worth $285,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

About Cintas

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.