Cintas (CTAS) Hits New 12-Month High and Low at $191.91

Shares of Cintas Co. (NASDAQ:CTAS) reached a new 52-week high and low during mid-day trading on Monday . The company traded as low as $191.91 and last traded at $191.64, with a volume of 4660 shares. The stock had previously closed at $191.78.

CTAS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on shares of Cintas from $183.00 to $188.00 and gave the stock an “overweight” rating in a research report on Friday, March 23rd. Zacks Investment Research downgraded shares of Cintas from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Morgan Stanley increased their price objective on shares of Cintas from $151.00 to $152.00 and gave the company an “underweight” rating in a research report on Friday, March 23rd. Goldman Sachs Group assumed coverage on shares of Cintas in a research report on Tuesday, March 27th. They issued a “conviction-buy” rating and a $210.00 price objective for the company. Finally, ValuEngine downgraded shares of Cintas from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $169.36.

The company has a current ratio of 2.16, a quick ratio of 1.86 and a debt-to-equity ratio of 0.88. The stock has a market cap of $20.33 billion, a PE ratio of 42.63, a P/E/G ratio of 2.28 and a beta of 0.92.



Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, March 22nd. The business services provider reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.10. Cintas had a net margin of 11.69% and a return on equity of 22.86%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the company earned $1.11 earnings per share. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. research analysts predict that Cintas Co. will post 5.83 earnings per share for the current fiscal year.

In other news, insider James Phillip Holloman sold 7,523 shares of the firm’s stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $171.26, for a total transaction of $1,288,388.98. Following the completion of the sale, the insider now owns 133,491 shares of the company’s stock, valued at $22,861,668.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas E. Frooman sold 11,500 shares of the firm’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $175.96, for a total transaction of $2,023,540.00. Following the sale, the vice president now directly owns 106,926 shares of the company’s stock, valued at approximately $18,814,698.96. The disclosure for this sale can be found here. 18.90% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in CTAS. Mutual of America Capital Management LLC grew its position in shares of Cintas by 11.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 10,939 shares of the business services provider’s stock worth $1,705,000 after buying an additional 1,116 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Cintas by 10.3% during the fourth quarter. Victory Capital Management Inc. now owns 18,227 shares of the business services provider’s stock worth $2,840,000 after purchasing an additional 1,704 shares during the last quarter. Aperio Group LLC lifted its stake in Cintas by 3.7% during the fourth quarter. Aperio Group LLC now owns 36,138 shares of the business services provider’s stock worth $5,631,000 after purchasing an additional 1,304 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Cintas by 3.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 16,379 shares of the business services provider’s stock worth $2,552,000 after purchasing an additional 548 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in Cintas by 4.1% during the fourth quarter. M&T Bank Corp now owns 16,440 shares of the business services provider’s stock worth $2,562,000 after purchasing an additional 652 shares during the last quarter. 66.78% of the stock is owned by institutional investors and hedge funds.

About Cintas

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; 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, and carpet and tile cleaning services, as well as sells uniforms directly.

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