Cintas Corporation (NASDAQ:CTAS) Given Average Recommendation of “Hold” by Brokerages

Cintas Corporation (NASDAQ:CTAS) has been assigned a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $211.25.

Several research analysts have commented on the stock. Truist Financial decreased their target price on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday, June 15th. Weiss Ratings lowered shares of Cintas from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Stifel Nicolaus lowered their price objective on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Robert W. Baird raised shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 target price on the stock in a research note on Wednesday, March 11th. Finally, Citigroup decreased their target price on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research report on Tuesday, March 31st.

Insider Buying and Selling

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of Cintas stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $178.87, for a total transaction of $834,607.42. Following the transaction, the director owned 22,448 shares of the company’s stock, valued at $4,015,273.76. The trade was a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 14.90% of the company’s stock.

Institutional Trading of Cintas

Several institutional investors have recently made changes to their positions in the stock. Nemes Rush Group LLC acquired a new position in Cintas in the 4th quarter valued at approximately $25,000. Swiss RE Ltd. acquired a new stake in shares of Cintas during the 4th quarter valued at $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Cintas in the fourth quarter worth $26,000. Triumph Capital Management purchased a new stake in shares of Cintas during the third quarter worth $29,000. Finally, Camelot Portfolios LLC purchased a new stake in shares of Cintas during the fourth quarter worth $26,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Trading Down 0.9%

NASDAQ:CTAS opened at $180.17 on Thursday. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51. Cintas has a 1-year low of $161.16 and a 1-year high of $226.75. The firm has a market capitalization of $72.08 billion, a price-to-earnings ratio of 50.90, a price-to-earnings-growth ratio of 2.90 and a beta of 0.94. The stock has a fifty day simple moving average of $173.00 and a 200 day simple moving average of $182.78.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 15th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 15th. Cintas’s dividend payout ratio is currently 50.85%.

Cintas Company Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.