Cintas Co. (NASDAQ:CTAS) Given Consensus Rating of “Hold” by Analysts

Shares of Cintas Co. (NASDAQ:CTAS) have received an average rating of “Hold” from the sixteen ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $198.46.

Several brokerages have issued reports on CTAS. UBS Group dropped their target price on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. The Goldman Sachs Group dropped their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Wells Fargo & Company reduced their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. Robert W. Baird dropped their price target on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Finally, Morgan Stanley upped their price objective on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Algert Global LLC bought a new stake in Cintas in the 2nd quarter worth approximately $328,000. NewEdge Advisors LLC increased its position in Cintas by 21.0% in the second quarter. NewEdge Advisors LLC now owns 3,394 shares of the business services provider’s stock worth $2,377,000 after purchasing an additional 589 shares during the last quarter. Quarry LP raised its stake in Cintas by 500.0% during the second quarter. Quarry LP now owns 108 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 90 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Cintas by 18.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 547 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 85 shares during the last quarter. Finally, Advisory Alpha LLC purchased a new position in shares of Cintas in the 2nd quarter worth $248,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS stock opened at $198.56 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average price of $202.36 and a 200-day moving average price of $206.39. Cintas has a 52 week low of $149.70 and a 52 week high of $228.12. The firm has a market capitalization of $80.13 billion, a PE ratio of 47.87, a P/E/G ratio of 3.84 and a beta of 1.37.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.61 EPS. As a group, equities research analysts expect that Cintas will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $0.39 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.79%. Cintas’s dividend payout ratio is currently 37.61%.

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.