Cintas Corp. (NASDAQ:CTAS) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $117.65 and last traded at $114.71, with a volume of 1,386,646 shares trading hands. The stock had previously closed at $107.42.

A number of research analysts recently issued reports on CTAS shares. Zacks Investment Research cut shares of Cintas Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Nomura assumed 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 for the company. Piper Jaffray Cos. restated a “neutral” rating and set a $106.00 price objective (up from $95.00) on shares of Cintas Corp. in a research note on Wednesday, July 20th. Finally, Barclays PLC raised their price objective on shares of Cintas Corp. from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, August 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Cintas Corp. has an average rating of “Hold” and an average price target of $98.44.

The company has a market capitalization of $11.85 billion and a PE ratio of 18.22. The company has a 50 day moving average price of $102.78 and a 200 day moving average price of $92.94.

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 Zacks’ consensus estimate of $1.00 by $0.08. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company earned $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. Equities research analysts anticipate that Cintas Corp. will post $4.43 EPS for the current fiscal year.

In other news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $108.12, for a total value of $216,240.00. Following the transaction, the director now directly owns 11,590 shares in the company, valued at $1,253,110.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

A number of hedge funds and institutional investors have modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted 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 valued at $1,128,000 after buying an additional 230 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of 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. Aberdeen Asset Management PLC UK boosted its position in shares of 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. BNP Paribas Arbitrage SA boosted its position in shares of Cintas Corp. by 157.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 40,781 shares of the company’s stock valued at $3,713,000 after buying an additional 24,913 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Cintas Corp. by 42.9% in the fourth quarter. KBC Group NV now owns 102,485 shares of the company’s stock valued at $9,332,000 after buying an additional 30,747 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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