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.

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