Shares of Cintas Corporation (NASDAQ:CTAS) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $149.81 and last traded at $149.77, with a volume of 126,426 shares trading hands. The stock had previously closed at $149.08.
A number of analysts have recently weighed in on the stock. Deutsche Bank AG restated a “hold” rating and issued a $140.00 price objective (up from $130.00) on shares of Cintas Corporation in a research note on Wednesday, September 27th. Zacks Investment Research upgraded shares of Cintas Corporation from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Thursday, August 24th. Robert W. Baird set a $152.00 price objective on shares of Cintas Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. Instinet cut shares of Cintas Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $142.00 to $130.00 in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Cintas Corporation currently has an average rating of “Hold” and an average target price of $143.00.
The company has a market cap of $15.95 billion, a price-to-earnings ratio of 29.45 and a beta of 0.86. The stock has a 50-day moving average price of $138.12 and a 200 day moving average price of $129.71.
Cintas Corporation (NASDAQ:CTAS) last posted its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.18. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Cintas Corporation had a return on equity of 23.71% and a net margin of 9.79%. The company’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.26 EPS. On average, equities research analysts expect that Cintas Corporation will post $5.36 EPS for the current fiscal year.
In other Cintas Corporation news, Director Gerald S. Adolph sold 2,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total transaction of $267,380.00. Following the transaction, the director now owns 13,135 shares in the company, valued at approximately $1,756,018.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO J. Michael Hansen sold 800 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $130.75, for a total value of $104,600.00. Following the transaction, the chief financial officer now owns 54,370 shares in the company, valued at approximately $7,108,877.50. The disclosure for this sale can be found here. 18.90% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Cintas Corporation by 35.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 266,155 shares of the business services provider’s stock worth $33,546,000 after purchasing an additional 69,483 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Cintas Corporation by 3.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 270,485 shares of the business services provider’s stock worth $34,092,000 after purchasing an additional 9,351 shares during the period. Fifth Third Bancorp increased its position in shares of Cintas Corporation by 27.5% in the first quarter. Fifth Third Bancorp now owns 81,484 shares of the business services provider’s stock worth $10,311,000 after purchasing an additional 17,567 shares during the period. Banque Pictet & Cie SA bought a new position in shares of Cintas Corporation in the second quarter worth $8,073,000. Finally, Caldera Capital LLC increased its position in shares of Cintas Corporation by 32.5% in the second quarter. Caldera Capital LLC now owns 8,149 shares of the business services provider’s stock worth $1,027,000 after purchasing an additional 1,999 shares during the period. Institutional investors own 64.77% of the company’s stock.
Cintas Corporation Company Profile
Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.
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