Cintas Sees Unusually Large Options Volume (CTAS)

Cintas Co. (NASDAQ:CTAS) was the target of some unusual options trading on Thursday. Traders acquired 1,970 put options on the company. This represents an increase of 2,426% compared to the typical volume of 78 put options.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mountain Capital Investment Advisors Inc bought a new position in shares of Cintas during the 2nd quarter worth about $120,000. Parallel Advisors LLC boosted its position in shares of Cintas by 4.4% during the 2nd quarter. Parallel Advisors LLC now owns 900 shares of the business services provider’s stock worth $121,000 after purchasing an additional 38 shares in the last quarter. QS Investors LLC boosted its position in shares of Cintas by 1.0% during the 2nd quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock worth $125,000 after purchasing an additional 10 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of Cintas by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock worth $133,000 after purchasing an additional 33 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its position in shares of Cintas by 4.3% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,200 shares of the business services provider’s stock worth $151,000 after purchasing an additional 50 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cintas (NASDAQ:CTAS) opened at $156.85 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. The company has a market cap of $16,971.50, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 2.48 and a beta of 0.88. Cintas has a 1 year low of $112.96 and a 1 year high of $163.45.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 21st. The business services provider reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.04. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Cintas had a net margin of 8.57% and a return on equity of 21.25%. The business’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 earnings per share. equities research analysts expect that Cintas will post 5.37 EPS for the current fiscal year.

The company also recently declared an annual dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 10th were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a yield of 1.07%. This is a boost from Cintas’s previous annual dividend of $1.33. Cintas’s dividend payout ratio is 32.27%.

A number of analysts recently weighed in on the company. Robert W. Baird restated an “outperform” rating and issued a $165.00 price objective (up from $152.00) on shares of Cintas in a report on Thursday, September 28th. Oppenheimer restated a “hold” rating on shares of Cintas in a report on Friday. William Blair restated an “ourperform” rating on shares of Cintas in a report on Wednesday, September 27th. J P Morgan Chase & Co restated a “buy” rating and issued a $183.00 price objective on shares of Cintas in a report on Friday. Finally, Stifel Nicolaus restated a “hold” rating and issued a $138.00 price objective (up from $136.00) on shares of Cintas in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Cintas presently has an average rating of “Hold” and a consensus target price of $153.64.

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Cintas 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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