Cintas Co. (NASDAQ:CTAS) has been given a consensus recommendation of “Buy” by the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $378.00.
Several equities analysts have commented on the stock. Morgan Stanley lifted their target price on shares of Cintas from $324.00 to $333.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 18th. William Blair raised shares of Cintas from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 16th.
Cintas stock opened at $351.11 on Tuesday. Cintas has a 52 week low of $254.07 and a 52 week high of $369.20. The business’s 50 day moving average price is $350.77. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.92 and a current ratio of 2.34. The company has a market cap of $36.88 billion, a PE ratio of 38.50, a P/E/G ratio of 3.48 and a beta of 1.49.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Saturday, May 15th will be issued a $0.75 dividend. The ex-dividend date is Thursday, May 13th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.85%. Cintas’s dividend payout ratio (DPR) is presently 36.99%.
In related news, CAO Michael Lawrence Thompson sold 2,500 shares of Cintas stock in a transaction that occurred on Thursday, April 15th. The shares were sold at an average price of $207.98, for a total value of $519,950.00. Following the sale, the chief accounting officer now owns 70,917 shares of the company’s stock, valued at approximately $14,749,317.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 15.80% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in CTAS. Catalyst Capital Advisors LLC purchased a new position in Cintas in the 4th quarter valued at approximately $26,000. Clearstead Advisors LLC purchased a new position in Cintas in the 1st quarter valued at approximately $27,000. Phoenix Wealth Advisors purchased a new position in Cintas in the 4th quarter valued at approximately $28,000. Alpha Paradigm Partners LLC purchased a new position in Cintas in the 4th quarter valued at approximately $30,000. Finally, Childress Capital Advisors LLC purchased a new position in Cintas in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 63.21% of the company’s stock.
Cintas Company Profile
Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services 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, and carpet and tile cleaning services, as well as sells uniforms.
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