Cintas (NASDAQ:CTAS) Earns Neutral Rating from Robert W. Baird

Robert W. Baird restated their neutral rating on shares of Cintas (NASDAQ:CTAS) in a research note issued to investors on Friday morning, Marketbeat reports. The firm currently has a $775.00 price target on the business services provider’s stock, up from their previous price target of $750.00.

CTAS has been the subject of several other reports. Truist Financial lifted their target price 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 raised shares of Cintas from a hold rating to a buy rating in a report on Friday, June 14th. UBS Group increased their price target on Cintas from $680.00 to $790.00 and gave the company a buy rating in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on Cintas from $629.00 to $726.00 and gave the stock a hold rating in a research note on Thursday, March 28th. Finally, Royal Bank of Canada lowered Cintas from an outperform rating to a sector perform rating and set a $725.00 target price on the stock. in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cintas has an average rating of Hold and a consensus target price of $749.00.

Cintas Stock Performance

Cintas stock opened at $758.56 on Friday. Cintas has a 12-month low of $474.74 and a 12-month high of $773.78. The stock has a 50-day simple moving average of $700.26 and a 200 day simple moving average of $658.33. The company has a quick ratio of 2.03, a current ratio of 1.74 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $76.96 billion, a price-to-earnings ratio of 52.39, a P/E/G ratio of 3.84 and a beta of 1.31.

Cintas’s stock is set to split on the morning of 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 announced its earnings results on Thursday, July 18th. The business services provider reported $3.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.80 by $0.19. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.47 billion. Cintas had a net margin of 16.38% and a return on equity of 37.82%. Cintas’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.33 earnings per share. On average, research analysts anticipate that Cintas will post 16.6 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Cintas

Institutional investors have recently bought and sold shares of the company. Simplicity Solutions LLC lifted its stake in Cintas by 117.7% in the 4th quarter. Simplicity Solutions LLC now owns 3,224 shares of the business services provider’s stock valued at $1,943,000 after acquiring an additional 1,743 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Cintas in the 4th quarter valued at approximately $8,015,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Cintas by 91.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,642 shares of the business services provider’s stock valued at $29,315,000 after acquiring an additional 23,197 shares in the last quarter. Arlington Trust Co LLC bought a new stake in Cintas in the 4th quarter valued at approximately $56,000. Finally, Caprock Group LLC lifted its stake in Cintas by 264.9% in the 4th quarter. Caprock Group LLC now owns 7,002 shares of the business services provider’s stock valued at $4,220,000 after acquiring an additional 5,083 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

About Cintas

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.