Robert W. Baird Reaffirms Neutral Rating for Cintas (NASDAQ:CTAS)

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

A number of other research analysts have also commented on the stock. Royal Bank of Canada lowered shares of Cintas from an outperform rating to a sector perform rating and set a $725.00 price objective on the stock. in a research note on Monday, July 15th. StockNews.com upgraded Cintas from a hold rating to a buy rating in a research report on Friday, June 14th. Bank of America upped their price objective on Cintas from $700.00 to $790.00 and gave the company a buy rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft lifted their target price on Cintas from $629.00 to $726.00 and gave the stock a hold rating in a report on Thursday, March 28th. Finally, Oppenheimer reissued a market perform rating on shares of Cintas in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Cintas presently has an average rating of Hold and an average price target of $749.00.

Cintas Trading Down 0.1 %

Shares of CTAS stock opened at $758.56 on Friday. The firm has a market capitalization of $76.96 billion, a PE ratio of 52.39, a price-to-earnings-growth ratio of 3.84 and a beta of 1.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.03 and a current ratio of 1.74. Cintas has a 1 year low of $474.74 and a 1 year high of $773.78. The stock has a fifty day moving average of $700.26 and a two-hundred day moving average of $658.33.

Cintas’s stock is scheduled 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, beating analysts’ consensus estimates of $3.80 by $0.19. Cintas had a net margin of 16.38% and a return on equity of 37.82%. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the prior year, the firm posted $3.33 EPS. Cintas’s revenue was up 8.2% compared to the same quarter last year. As a group, research analysts expect that Cintas will post 16.6 EPS for the current year.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 2,291 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 6,655 shares in the company, valued at $4,618,237.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, COO Jim Rozakis sold 1,318 shares of Cintas stock in a transaction on 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 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 accessible through this link. Also, Director Ronald W. Tysoe sold 2,291 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 6,655 shares in the company, valued at $4,618,237.25. The disclosure for this sale can be found here. Corporate insiders own 15.10% of the company’s stock.

Institutional Investors Weigh In On Cintas

A number of institutional investors have recently bought and sold shares of CTAS. Atwood & Palmer Inc. purchased a new stake in shares of Cintas in the second quarter worth approximately $27,000. Pathway Financial Advisers LLC acquired a new position in Cintas in the 1st quarter valued at approximately $29,000. Janiczek Wealth Management LLC lifted its position in Cintas by 113.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock worth $30,000 after buying an additional 26 shares in the last quarter. Rise Advisors LLC acquired a new stake in shares of Cintas during the 1st quarter valued at $30,000. Finally, Webster Bank N. A. purchased a new position in shares of Cintas during the 1st quarter valued at $38,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

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.