Brokerages Set Cintas Co. (NASDAQ:CTAS) Price Target at $213.62

Shares of Cintas Co. (NASDAQ:CTAS) have been assigned an average recommendation of “Hold” from the fourteen research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $213.62.

Several equities research analysts have weighed in on CTAS shares. Morgan Stanley upped their target price on Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a report on Thursday, March 27th. UBS Group raised their target price on shares of Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Wells Fargo & Company upped their price target on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research report on Thursday, March 27th. Citigroup started coverage on shares of Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 price objective on the stock. Finally, Bank of America began coverage on Cintas in a report on Thursday, April 10th. They issued a “buy” rating and a $250.00 price target on the stock.

Insiders Place Their Bets

In related news, COO Jim Rozakis sold 2,000 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the completion of the transaction, the chief operating officer now owns 256,528 shares of the company’s stock, valued at $48,835,235.36. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald W. Tysoe sold 8,521 shares of the company’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the completion of the sale, the director now directly owns 27,029 shares in the company, valued at approximately $5,647,979.84. The trade was a 23.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sound Income Strategies LLC acquired a new position in shares of Cintas in the 4th quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new position in Cintas in the 4th quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new stake in Cintas in the fourth quarter valued at approximately $31,000. IAG Wealth Partners LLC increased its position in shares of Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after buying an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Cintas during the 4th quarter valued at approximately $34,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Price Performance

CTAS opened at $205.76 on Tuesday. 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 business has a fifty day moving average of $201.41 and a 200 day moving average of $204.31. Cintas has a 52-week low of $162.16 and a 52-week high of $228.12. The stock has a market cap of $83.08 billion, a P/E ratio of 49.61, a PEG ratio of 3.98 and a beta of 1.20.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $3.84 EPS. As a group, sell-side analysts anticipate that Cintas will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas’s payout ratio is 36.11%.

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.