Cintas Corp. (NASDAQ:CTAS) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $99.36 and last traded at $98.99, with a volume of 180,443 shares trading hands. The stock had previously closed at $98.92.

A number of research analysts recently issued reports on CTAS shares. Nomura Holdings Inc. started coverage on shares of Cintas Corp. in a research report on Tuesday, April 19th. They set a “buy” rating and a $102.00 target price on the stock. Sterne Agee CRT started coverage on shares of Cintas Corp. in a research report on Monday, March 21st. They set a “neutral” rating and a $91.00 target price on the stock. Barclays PLC reiterated a “buy” rating on shares of Cintas Corp. in a research report on Thursday, March 24th. Zacks Investment Research downgraded shares of Cintas Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 15th. Finally, KeyCorp upgraded shares of Cintas Corp. from a “sector weight” rating to an “overweight” rating and set a $106.00 price objective on the stock in a report on Wednesday, April 13th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $93.56.

The stock has a 50 day moving average of $94.67 and a 200-day moving average of $89.40. The stock has a market capitalization of $10.63 billion and a PE ratio of 16.81.

In related news, COO James Phillip Holloman sold 19,376 shares of Cintas Corp. stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $90.49, for a total value of $1,753,334.24. Following the sale, the chief operating officer now owns 105,408 shares in the company, valued at $9,538,369.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gerald S. Adolph sold 1,000 shares of Cintas Corp. stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $90.21, for a total transaction of $90,210.00. Following the completion of the sale, the director now owns 11,590 shares in the company, valued at approximately $1,045,533.90. The disclosure for this sale can be found here.

Other hedge funds recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in Cintas Corp. by 157.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 40,781 shares of the company’s stock valued at $3,713,000 after buying an additional 24,913 shares during the period. Redwood Investments LLC bought a new stake in Cintas Corp. during the fourth quarter valued at $13,687,000. WBI Investments Inc. boosted its stake in Cintas Corp. by 60.2% in the fourth quarter. WBI Investments Inc. now owns 70,484 shares of the company’s stock valued at $6,418,000 after buying an additional 26,482 shares during the period. Pittenger & Anderson Inc. boosted its stake in Cintas Corp. by 14.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 16,241 shares of the company’s stock valued at $1,479,000 after buying an additional 2,095 shares during the period. Finally, US Bancorp DE boosted its stake in Cintas Corp. by 2.4% in the fourth quarter. US Bancorp DE now owns 76,231 shares of the company’s stock valued at $6,941,000 after buying an additional 1,782 shares during the period.

Cintas Corporation provides products and services to businesses of all types. The Company 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, and first aid, safety and fire protection products and services.

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