Cintas Corp. (NASDAQ:CTAS) reached a new 52-week high during trading on Tuesday . The stock traded as high as $109.11 and last traded at $108.36, with a volume of 338,163 shares trading hands. The stock had previously closed at $108.22.

Several equities research analysts recently commented on CTAS shares. Barclays PLC cut their price objective on shares of Cintas Corp. from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 20th. Nomura reissued a “buy” rating and set a $102.00 price target on shares of Cintas Corp. in a research report on Friday, July 15th. KeyCorp raised shares of Cintas Corp. from a “sector weight” rating to an “overweight” rating and set a $106.00 price target on the stock in a research report on Wednesday, April 13th. Zacks Investment Research raised shares of Cintas Corp. from a “sell” rating to a “hold” rating and set a $120.00 price target on the stock in a research report on Thursday, July 21st. Finally, Nomura Holdings Inc. initiated coverage on shares of Cintas Corp. in a research report on Tuesday, April 19th. They set a “buy” rating and a $102.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Cintas Corp. currently has an average rating of “Hold” and an average price target of $97.30.

The firm has a 50-day moving average of $97.35 and a 200-day moving average of $90.42. The stock has a market cap of $11.29 billion and a P/E ratio of 17.36.

Cintas Corp. (NASDAQ:CTAS) last released its earnings results on Tuesday, July 19th. The company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.08. The business earned $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the company earned $0.86 earnings per share. Equities research analysts predict that Cintas Corp. will post $4.43 earnings per share for the current fiscal year.

In other news, Director Gerald S. Adolph sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $90.21, for a total value of $90,210.00. Following the sale, the director now directly owns 11,590 shares of the company’s stock, valued at approximately $1,045,533.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Several hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its stake 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 last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake 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 last quarter. US Bancorp DE increased 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 last quarter. Pittenger & Anderson Inc. increased 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 last quarter. Finally, Aberdeen Asset Management PLC UK increased its stake 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 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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