Cintas Corporation (NASDAQ:CTAS) Receives $224.54 Average PT from Analysts

Cintas Corporation (NASDAQ:CTAS) has been given a consensus recommendation of “Hold” by the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $224.5385.

Several research firms recently commented on CTAS. Redburn Atlantic downgraded Cintas from a “neutral” rating to a “sell” rating and set a $171.00 price objective for the company. in a report on Thursday, May 1st. UBS Group lifted their price objective on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Morgan Stanley lifted their price objective on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Wells Fargo & Company upgraded Cintas from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $196.00 to $221.00 in a report on Tuesday, July 1st. Finally, Robert W. Baird boosted their price target on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 18th.

Cintas Price Performance

CTAS opened at $216.73 on Monday. The stock has a 50-day moving average price of $220.44 and a 200-day moving average price of $212.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82. The firm has a market cap of $87.34 billion, a PE ratio of 49.15, a P/E/G ratio of 3.73 and a beta of 1.03. Cintas has a 1 year low of $180.78 and a 1 year high of $229.24.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.63 billion. Cintas had a return on equity of 41.21% and a net margin of 17.53%.Cintas’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Sell-side analysts predict that Cintas will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, August 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from Cintas’s previous quarterly dividend of $0.39. Cintas’s dividend payout ratio is presently 40.82%.

Insider Buying and Selling at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the business’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the completion of the sale, the director directly owned 21,945 shares in the company, valued at $4,904,049.15. The trade was a 18.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Martin Mucci purchased 1,200 shares of the business’s stock in a transaction on Monday, July 21st. The shares were purchased at an average price of $222.55 per share, with a total value of $267,060.00. Following the completion of the purchase, the director owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 15.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CTAS. Alpha Financial Partners LLC grew its position in Cintas by 2.9% in the 2nd quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock valued at $357,000 after acquiring an additional 45 shares during the last quarter. Portside Wealth Group LLC grew its position in Cintas by 3.5% in the 2nd quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock valued at $303,000 after acquiring an additional 46 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its position in Cintas by 3.9% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock valued at $258,000 after acquiring an additional 47 shares during the last quarter. Elyxium Wealth LLC grew its position in Cintas by 3.8% in the 2nd quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock valued at $295,000 after acquiring an additional 48 shares during the last quarter. Finally, Oarsman Capital Inc. grew its position in Cintas by 3.9% in the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock valued at $272,000 after acquiring an additional 49 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

About Cintas

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.