Cintas Corp. (NASDAQ:CTAS) saw unusually-high trading volume on Friday . Approximately 941,252 shares changed hands during mid-day trading, an increase of 65% from the previous session’s volume of 571,078 shares.The stock last traded at $99.63 and had previously closed at $98.76.

CTAS has been the topic of a number of research analyst reports. Robert W. Baird restated a “hold” rating on shares of Cintas Corp. in a research report on Wednesday, March 23rd. KeyCorp upgraded Cintas Corp. from a “sector weight” rating to an “overweight” rating and set a $106.00 target price on the stock in a research report on Wednesday, April 13th. Morgan Stanley restated a “sell” rating and issued a $77.00 target price on shares of Cintas Corp. in a research report on Wednesday, March 23rd. Sterne Agee CRT initiated coverage on Cintas Corp. in a research report on Monday, March 21st. They issued a “neutral” rating and a $91.00 target price on the stock. Finally, Royal Bank Of Canada reduced their target price on Cintas Corp. from $94.00 to $92.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 23rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $93.56.

The company has a 50-day moving average of $95.14 and a 200-day moving average of $89.55. The company has a market capitalization of $10.66 billion and a PE ratio of 16.87.

In other Cintas Corp. news, Director Gerald S. Adolph sold 1,000 shares of the stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $90.21, for a total transaction of $90,210.00. Following the sale, the director now owns 11,590 shares in the company, valued at approximately $1,045,533.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO James Phillip Holloman sold 19,376 shares of the 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 approximately $9,538,369.92. The disclosure for this sale can be found here.

Other large investors recently made changes to their positions in the company. Daiwa Securities Group Inc. boosted its stake in shares of Cintas Corp. by 6.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 11,400 shares of the company’s stock worth $1,038,000 after buying an additional 700 shares during the period. Callahan Advisors LLC raised its position in shares of Cintas Corp. by 94.8% in the fourth quarter. Callahan Advisors LLC now owns 12,300 shares of the company’s stock worth $1,120,000 after buying an additional 5,985 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in shares of Cintas Corp. by 1.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 12,384 shares of the company’s stock worth $1,128,000 after buying an additional 230 shares in the last quarter. Sawtooth Asset Management Inc. raised its position in shares of Cintas Corp. by 48,343.8% in the fourth quarter. Sawtooth Asset Management Inc. now owns 15,502 shares of the company’s stock worth $1,411,000 after buying an additional 15,470 shares in the last quarter. Finally, Pittenger & Anderson Inc. raised its position in shares of Cintas Corp. by 14.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 16,241 shares of the company’s stock worth $1,479,000 after buying an additional 2,095 shares in the last quarter.

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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