Cintas (NASDAQ:CTAS) Sets New 12-Month High – Time to Buy?

Cintas Corporation (NASDAQ:CTAS)’s share price hit a new 52-week high during trading on Wednesday. The stock traded as high as $228.15 and last traded at $227.5560, with a volume of 213,164 shares changing hands. The stock had previously closed at $223.74.

Analyst Ratings Changes

CTAS has been the topic of a number of recent research reports. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Cintas in a research report on Thursday, September 10th. Weiss Ratings cut shares of Cintas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Citigroup boosted their price objective on shares of Cintas from $180.00 to $181.00 and gave the stock a “sell” rating in a research note on Wednesday, September 30th. Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a report on Thursday, September 24th. Finally, Rothschild & Co Redburn raised their target price on shares of Cintas from $184.00 to $198.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Cintas has an average rating of “Moderate Buy” and an average target price of $218.62.

Cintas Price Performance

The firm has a market capitalization of $89.90 billion, a P/E ratio of 44.66, a PEG ratio of 3.63 and a beta of 0.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45. The firm has a 50-day moving average of $206.10 and a 200-day moving average of $191.13.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.35 by $0.04. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the business posted $1.20 EPS. The company’s revenue was up 10.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, analysts predict that Cintas Corporation will post 5.53 EPS for the current year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 13th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. Cintas’s dividend payout ratio (DPR) is 41.03%.

Hedge Funds Weigh In On Cintas

A number of hedge funds have recently bought and sold shares of the business. Werba Rubin Papier Wealth Management lifted its holdings in shares of Cintas by 7.1% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 2,418 shares of the business services provider’s stock worth $472,000 after acquiring an additional 160 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of Cintas by 11.8% during the 3rd quarter. Maryland State Retirement & Pension System now owns 20,633 shares of the business services provider’s stock worth $4,025,000 after purchasing an additional 2,176 shares during the period. Cabot Wealth Management Inc. grew its holdings in Cintas by 7.7% during the 3rd quarter. Cabot Wealth Management Inc. now owns 78,071 shares of the business services provider’s stock valued at $15,229,000 after purchasing an additional 5,613 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Cintas by 9.2% during the 3rd quarter. Ritholtz Wealth Management now owns 30,991 shares of the business services provider’s stock valued at $6,045,000 after purchasing an additional 2,606 shares during the last quarter. Finally, UNIVEST FINANCIAL Corp grew its holdings in Cintas by 2.0% during the 3rd quarter. UNIVEST FINANCIAL Corp now owns 3,865 shares of the business services provider’s stock valued at $754,000 after purchasing an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Company Profile

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.