Cintas (NASDAQ:CTAS) Receives “Sector Perform” Rating from Royal Bank Of Canada

Royal Bank Of Canada restated their sector perform rating on shares of Cintas (NASDAQ:CTAS) in a research note released on Thursday,Benzinga reports. The firm currently has a $240.00 price target on the business services provider’s stock.

CTAS has been the subject of several other research reports. Robert W. Baird raised their target price on Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. Redburn Atlantic downgraded Cintas from a “neutral” rating to a “sell” rating and set a $171.00 target price for the company. in a research note on Thursday, May 1st. The Goldman Sachs Group raised their target price on Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Morgan Stanley raised their target price on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company upgraded Cintas from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $196.00 to $221.00 in a research note on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $224.54.

Cintas Stock Down 0.3%

CTAS stock opened at $216.11 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. The company has a market capitalization of $87.09 billion, a price-to-earnings ratio of 49.00, a PEG ratio of 3.74 and a beta of 1.03. Cintas has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The stock has a fifty day moving average of $220.29 and a 200-day moving average of $212.45.

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

Cintas Increases Dividend

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

Insider Buying and Selling at Cintas

In other Cintas news, Director Martin Mucci purchased 1,200 shares of the 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 acquisition, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. The trade was a 84.45% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of the sale, the director directly owned 21,945 shares in the company, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their position. The disclosure for this sale can be found here. Insiders own 15.00% of the company’s stock.

Hedge Funds Weigh In On Cintas

A number of large investors have recently modified their holdings of CTAS. Nuveen LLC purchased a new position in shares of Cintas during the 1st quarter valued at about $1,877,760,000. Norges Bank purchased a new position in shares of Cintas during the 2nd quarter valued at about $925,531,000. GAMMA Investing LLC raised its holdings in shares of Cintas by 19,644.3% during the 1st quarter. GAMMA Investing LLC now owns 2,263,091 shares of the business services provider’s stock valued at $465,133,000 after buying an additional 2,251,629 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Cintas by 516.8% during the 1st quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider’s stock valued at $175,529,000 after buying an additional 715,570 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Cintas by 90.1% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,214,098 shares of the business services provider’s stock valued at $270,586,000 after buying an additional 575,372 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other 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.