Cintas Co. (NASDAQ:CTAS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Cintas Co. (NASDAQ:CTAS) have been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $664.07.

Several equities analysts have recently weighed in on CTAS shares. StockNews.com upgraded shares of Cintas from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. Oppenheimer reissued a “market perform” rating on shares of Cintas in a report on Monday, April 1st. Deutsche Bank Aktiengesellschaft raised their price target on Cintas from $629.00 to $726.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Robert W. Baird boosted their price objective on Cintas from $660.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Finally, The Goldman Sachs Group raised their target price on Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 2,291 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $693.95, for a total transaction of $1,589,839.45. Following the sale, the director now owns 6,655 shares in the company, valued at $4,618,237.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Jim Rozakis sold 1,318 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $693.71, for a total value of $914,309.78. Following the completion of the sale, the chief operating officer now directly owns 59,770 shares in the company, valued at approximately $41,463,046.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald W. Tysoe sold 2,291 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $693.95, for a total transaction of $1,589,839.45. Following the transaction, the director now directly owns 6,655 shares in the company, valued at approximately $4,618,237.25. The disclosure for this sale can be found here. Corporate insiders own 14.90% of the company’s stock.

Institutional Trading of Cintas

Several hedge funds have recently added to or reduced their stakes in CTAS. QRG Capital Management Inc. bought a new position in shares of Cintas in the third quarter worth approximately $1,025,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Cintas in the third quarter valued at about $1,224,000. Envestnet Asset Management Inc. raised its stake in shares of Cintas by 33.9% during the third quarter. Envestnet Asset Management Inc. now owns 79,934 shares of the business services provider’s stock valued at $38,449,000 after acquiring an additional 20,256 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Cintas during the third quarter worth about $339,000. Finally, Glenview Trust co grew its stake in shares of Cintas by 6.5% in the third quarter. Glenview Trust co now owns 886 shares of the business services provider’s stock worth $426,000 after purchasing an additional 54 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Stock Up 0.5 %

Cintas stock opened at $711.01 on Wednesday. The firm has a 50 day moving average price of $680.46 and a 200-day moving average price of $635.70. The company has a quick ratio of 2.03, a current ratio of 2.38 and a debt-to-equity ratio of 0.58. Cintas has a twelve month low of $474.74 and a twelve month high of $713.68. The company has a market capitalization of $72.14 billion, a P/E ratio of 49.10, a P/E/G ratio of 3.53 and a beta of 1.31.

Cintas’s stock is scheduled to split before the market opens on Thursday, September 12th. The 4-1 split was announced on Thursday, May 2nd. The newly issued shares will be issued to shareholders after the market closes on Wednesday, September 11th.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.26. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.14 earnings per share. As a group, equities analysts predict that Cintas will post 14.95 EPS for the current year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th were given a dividend of $1.35 per share. The ex-dividend date was Tuesday, May 14th. This represents a $5.40 annualized dividend and a yield of 0.76%. Cintas’s payout ratio is presently 37.29%.

Cintas Company Profile

Cintas Corporation provides 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.