Brokerages Set Cintas Co. (NASDAQ:CTAS) PT at $213.88

Shares of Cintas Co. (NASDAQ:CTAS) have been given an average rating of “Hold” by the fifteen ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $215.81.

CTAS has been the subject of several recent research reports. The Goldman Sachs Group raised their target price on shares of Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Argus raised shares of Cintas to a “strong-buy” rating in a report on Wednesday, April 16th. Citigroup assumed coverage on shares of Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective for the company. UBS Group lifted their price objective on shares of Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Finally, Truist Financial lifted their price objective on shares of Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, March 27th.

Cintas Trading Down 1.1%

Shares of Cintas stock opened at $222.22 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The firm has a fifty day moving average price of $213.38 and a 200 day moving average price of $205.59. Cintas has a 1 year low of $169.96 and a 1 year high of $229.24. The stock has a market cap of $89.73 billion, a PE ratio of 53.58, a price-to-earnings-growth ratio of 3.98 and a beta of 1.08.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter last year, the company posted $3.84 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. Equities research analysts predict that Cintas will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.70%. Cintas’s dividend payout ratio (DPR) is 36.11%.

Insider Activity

In other news, Director Ronald W. Tysoe sold 8,521 shares of Cintas stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $208.96, for a total value of $1,780,548.16. Following the sale, the director now owns 27,029 shares in the company, valued at $5,647,979.84. This trade represents a 23.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jim Rozakis sold 2,000 shares of Cintas stock in a transaction dated 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 in the company, valued at approximately $48,835,235.36. This trade represents a 0.77% decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.00% of the company’s stock.

Hedge Funds Weigh In On Cintas

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio acquired a new position in Cintas during the first quarter worth about $24,872,000. Addison Capital Co acquired a new position in Cintas during the first quarter worth about $276,000. Jacobi Capital Management LLC boosted its position in Cintas by 34.8% during the first quarter. Jacobi Capital Management LLC now owns 3,010 shares of the business services provider’s stock worth $619,000 after acquiring an additional 777 shares during the last quarter. Advisors Capital Management LLC boosted its position in Cintas by 1.6% during the first quarter. Advisors Capital Management LLC now owns 3,867 shares of the business services provider’s stock worth $795,000 after acquiring an additional 62 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Cintas by 9.8% during the first quarter. Geneos Wealth Management Inc. now owns 6,456 shares of the business services provider’s stock worth $1,327,000 after acquiring an additional 576 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Company Profile

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.