Cintas Corp. (NASDAQ:CTAS) saw unusually-strong trading volume on Thursday . Approximately 1,439,765 shares traded hands during mid-day trading, an increase of 74% from the previous session’s volume of 828,689 shares.The stock last traded at $107.30 and had previously closed at $106.85.

Several equities analysts have recently commented on CTAS shares. KeyCorp upgraded Cintas Corp. from a “sector weight” rating to an “overweight” rating and set a $106.00 price objective on the stock in a research report on Wednesday, April 13th. Nomura Holdings Inc. started coverage on Cintas Corp. in a research report on Tuesday, April 19th. They issued a “buy” rating and a $102.00 target price on the stock. Zacks Investment Research downgraded Cintas Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 15th. Nomura reiterated a “buy” rating and issued a $102.00 target price on shares of Cintas Corp. in a research report on Friday, July 15th. Finally, Piper Jaffray Cos. reiterated a “neutral” rating and issued a $106.00 target price (up from $95.00) on shares of Cintas Corp. in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Cintas Corp. presently has an average rating of “Hold” and an average target price of $97.30.

The company has a market cap of $11.25 billion and a price-to-earnings ratio of 17.29. The stock’s 50 day moving average price is $96.97 and its 200 day moving average price is $90.24.

Cintas Corp. (NASDAQ:CTAS) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.08. The business earned $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the firm earned $0.86 EPS. Analysts predict that Cintas Corp. will post $4.43 EPS for the current year.

In other Cintas Corp. news, Director Gerald S. Adolph sold 1,000 shares of the business’s stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $90.21, for a total value of $90,210.00. Following the completion of the transaction, the director now owns 11,590 shares in the company, valued at $1,045,533.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Several institutional investors have bought and sold shares of CTAS. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in 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 valued at $1,128,000 after buying an additional 230 shares during the period. Sawtooth Asset Management Inc. increased its position in Cintas Corp. by 48,343.8% in the fourth quarter. Sawtooth Asset Management Inc. now owns 15,502 shares of the company’s stock valued at $1,411,000 after buying an additional 15,470 shares during the period. Pittenger & Anderson Inc. increased its position 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. Advisors Asset Management Inc. increased its position in Cintas Corp. by 0.3% in the fourth quarter. Advisors Asset Management Inc. now owns 17,264 shares of the company’s stock valued at $1,572,000 after buying an additional 55 shares during the period. Finally, Aberdeen Asset Management PLC UK increased its position in Cintas Corp. by 19.3% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 18,326 shares of the company’s stock valued at $1,693,000 after buying an additional 2,967 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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