Cintas Corp. (CTAS) Hits New 52-Week High at $109.11
Cintas Corp. (NASDAQ:CTAS) shares hit a new 52-week high on Tuesday . The stock traded as high as $109.11 and last traded at $108.36, with a volume of 338,163 shares traded. The stock had previously closed at $108.22.
Several research analysts have recently weighed in on the company. Zacks Investment Research raised Cintas Corp. from a “sell” rating to a “hold” rating and set a $120.00 target price for the company in a research note on Thursday, July 21st. Nomura reissued a “buy” rating on shares of Cintas Corp. in a research note on Sunday, July 17th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $106.00 price objective (up from $95.00) on shares of Cintas Corp. in a research note on Wednesday, July 20th. Barclays PLC reduced their price objective on Cintas Corp. from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 20th. Finally, KeyCorp raised Cintas Corp. from a “sector weight” rating to an “overweight” rating and set a $106.00 price objective for the company in a research note on Wednesday, April 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Cintas Corp. has a consensus rating of “Hold” and an average price target of $96.78.
The stock has a 50 day moving average price of $98.10 and a 200 day moving average price of $90.72. The company has a market capitalization of $11.21 billion and a price-to-earnings ratio of 17.23.
Cintas Corp. (NASDAQ:CTAS) last announced its earnings results on Tuesday, July 19th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.08. During the same quarter last year, the business posted $0.86 earnings per share. The company earned $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. On average, analysts anticipate that Cintas Corp. will post $4.43 earnings per share for the current fiscal year.
In related news, Director Gerald S. Adolph sold 1,000 shares of Cintas Corp. stock in a transaction that occurred on Thursday, May 5th. The stock was 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 in the company, valued at $1,045,533.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gerald S. Adolph sold 2,000 shares of Cintas Corp. stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $108.12, for a total value of $216,240.00. Following the completion of the sale, the director now owns 11,590 shares in the company, valued at $1,253,110.80. The disclosure for this sale can be found here.
Several hedge funds have bought and sold shares of the stock. Redwood Investments LLC acquired a new stake in Cintas Corp. during the fourth quarter worth $13,687,000. WBI Investments Inc. increased 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 worth $6,418,000 after buying an additional 26,482 shares during the period. 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 worth $1,479,000 after buying an additional 2,095 shares during the period. 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 worth $6,941,000 after buying an additional 1,782 shares during the period. Finally, 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 worth $1,572,000 after buying an additional 55 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.