Cintas Corporation (NASDAQ:CTAS) Receives Average Recommendation of “Hold” from Brokerages

Cintas Corporation (NASDAQ:CTAS) has been assigned a consensus rating of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $222.0909.

Several brokerages have recently weighed in on CTAS. Weiss Ratings restated a “buy (b)” rating on shares of Cintas in a research note on Saturday, September 27th. Wells Fargo & Company decreased their target price on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Royal Bank Of Canada decreased their target price on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research note on Thursday, September 25th. Robert W. Baird upped their target price on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th.

Insider Buying and Selling at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the transaction, the director directly owned 21,945 shares in the company, valued at $4,904,049.15. This represents a 18.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the transaction, the chief executive officer owned 622,712 shares in the company, valued at $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Cintas by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock worth $8,554,672,000 after buying an additional 524,829 shares during the last quarter. State Street Corp lifted its position in shares of Cintas by 0.5% in the 2nd quarter. State Street Corp now owns 15,118,190 shares of the business services provider’s stock worth $3,369,391,000 after buying an additional 82,029 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Cintas by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 9,192,013 shares of the business services provider’s stock worth $2,049,017,000 after buying an additional 314,860 shares during the last quarter. Nuveen LLC bought a new position in shares of Cintas in the 1st quarter worth about $1,877,760,000. Finally, Invesco Ltd. lifted its position in shares of Cintas by 11.2% in the 2nd quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock worth $1,094,596,000 after buying an additional 495,486 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Price Performance

Shares of CTAS stock opened at $199.04 on Tuesday. The company has a market capitalization of $80.21 billion, a PE ratio of 45.13, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. The firm has a fifty day simple moving average of $210.57 and a 200-day simple moving average of $213.29. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. Cintas has a twelve month low of $180.78 and a twelve month high of $229.24.

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

Cintas Increases Dividend

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

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.