Cintas (NASDAQ:CTAS) Given New $206.00 Price Target at Royal Bank Of Canada

Cintas (NASDAQ:CTAS) had its price target decreased by Royal Bank Of Canada from $240.00 to $206.00 in a research report report published on Thursday,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the business services provider’s stock.

A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. cut their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday. Morgan Stanley increased their price target on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. UBS Group increased their price target on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. The Goldman Sachs Group increased their price target on Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, Wells Fargo & Company upgraded Cintas from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $196.00 to $221.00 in a research note on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Cintas has a consensus rating of “Hold” and an average price target of $222.75.

Cintas Price Performance

Shares of Cintas stock opened at $202.05 on Thursday. Cintas has a one year low of $180.78 and a one year high of $229.24. The stock’s fifty day moving average is $213.16 and its 200 day moving average is $212.57. The stock has a market cap of $81.42 billion, a P/E ratio of 44.80, a P/E/G ratio of 3.46 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.82 and a current ratio of 2.24.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the firm earned $1.10 EPS. Cintas’s revenue for the quarter was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Sell-side analysts anticipate that Cintas will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a dividend of $0.45 per share. The ex-dividend date was Friday, August 15th. This is a positive change from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s dividend payout ratio (DPR) is 40.82%.

Insider Activity

In other news, Director Martin Mucci acquired 1,200 shares of the business’s stock in a transaction dated Monday, July 21st. The stock was purchased at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the transaction, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their position. The acquisition was disclosed in a filing 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 transaction, the director owned 21,945 shares of the company’s stock, 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. Company insiders own 14.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. WPG Advisers LLC purchased a new position in Cintas in the first quarter worth about $27,000. Saudi Central Bank purchased a new position in Cintas in the first quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC grew its position in Cintas by 800.0% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after acquiring an additional 128 shares in the last quarter. Golden State Wealth Management LLC grew its position in Cintas by 3,925.0% in the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after acquiring an additional 157 shares in the last quarter. Finally, Addison Advisors LLC grew its position in Cintas by 57.0% in the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after acquiring an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

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.