Cintas (NASDAQ:CTAS) Stock Rating Reaffirmed by Robert W. Baird

Cintas (NASDAQ:CTAS)‘s stock had its “neutral” rating reiterated by analysts at Robert W. Baird in a note issued to investors on Friday, MarketBeat reports. They currently have a $775.00 price target on the business services provider’s stock, up from their previous price target of $750.00. Robert W. Baird’s price objective would indicate a potential upside of 2.17% from the company’s previous close.

Several other research firms have also issued reports on CTAS. Bank of America increased their price target on shares of Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Truist Financial lifted their price target on Cintas from $660.00 to $775.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. StockNews.com upgraded Cintas from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Citigroup cut Cintas from a “neutral” rating to a “sell” rating and lifted their target price for the company from $530.00 to $570.00 in a research report on Friday, May 24th. Finally, UBS Group increased their target price on shares of Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Cintas presently has a consensus rating of “Hold” and a consensus target price of $749.00.

Cintas Trading Down 0.1 %

Shares of NASDAQ:CTAS opened at $758.56 on Friday. The company has a market capitalization of $76.96 billion, a P/E ratio of 52.39, a P/E/G ratio of 3.84 and a beta of 1.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.74 and a quick ratio of 2.03. The business’s 50 day simple moving average is $700.26 and its 200 day simple moving average is $657.78. Cintas has a 1 year low of $474.74 and a 1 year high of $773.78.

Shares of Cintas are set to split on Thursday, September 12th. The 4-1 split was announced on Thursday, May 2nd. The newly created shares will be payable to shareholders after the market closes on Wednesday, September 11th.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, July 18th. The business services provider reported $3.99 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.19. Cintas had a return on equity of 37.82% and a net margin of 16.38%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter last year, the business earned $3.33 earnings per share. Cintas’s revenue was up 8.2% on a year-over-year basis. On average, research analysts anticipate that Cintas will post 16.45 EPS for the current fiscal year.

Insider Buying and Selling

In other Cintas news, COO Jim Rozakis sold 1,318 shares of Cintas stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $693.71, for a total transaction of $914,309.78. Following the transaction, the chief operating officer now directly owns 59,770 shares of the company’s stock, valued at approximately $41,463,046.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Jim Rozakis sold 1,318 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $693.71, for a total transaction of $914,309.78. Following the completion of the transaction, the chief operating officer now directly owns 59,770 shares in the company, valued at $41,463,046.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald W. Tysoe sold 2,291 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $693.95, for a total value of $1,589,839.45. Following the completion of the sale, the director now owns 6,655 shares in the company, valued at $4,618,237.25. The disclosure for this sale can be found here. 15.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cintas

A number of hedge funds have recently bought and sold shares of the company. Columbus Macro LLC raised its position in shares of Cintas by 1.2% in the 4th quarter. Columbus Macro LLC now owns 1,453 shares of the business services provider’s stock worth $871,000 after acquiring an additional 17 shares in the last quarter. Capital CS Group LLC increased its holdings in Cintas by 1.9% in the second quarter. Capital CS Group LLC now owns 920 shares of the business services provider’s stock worth $644,000 after purchasing an additional 17 shares in the last quarter. Andina Capital Management LLC lifted its stake in Cintas by 3.3% in the second quarter. Andina Capital Management LLC now owns 538 shares of the business services provider’s stock valued at $377,000 after buying an additional 17 shares during the period. Quent Capital LLC lifted its stake in Cintas by 22.8% in the fourth quarter. Quent Capital LLC now owns 97 shares of the business services provider’s stock valued at $59,000 after buying an additional 18 shares during the period. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Cintas by 5.4% during the 1st quarter. Harbor Investment Advisory LLC now owns 349 shares of the business services provider’s stock worth $240,000 after buying an additional 18 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Company Profile

Cintas Corporation provides 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.