Cintas (CTAS) Upgraded by ValuEngine to Buy
ValuEngine upgraded shares of Cintas (NASDAQ:CTAS) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.
A number of other equities analysts have also recently commented on CTAS. BidaskClub upgraded Cintas from a buy rating to a strong-buy rating in a report on Thursday, February 22nd. Zacks Investment Research cut Cintas from a buy rating to a hold rating in a report on Wednesday, February 21st. Oppenheimer reiterated a hold rating on shares of Cintas in a report on Friday, December 22nd. KeyCorp reiterated an overweight rating and issued a $174.00 target price (up previously from $148.00) on shares of Cintas in a report on Tuesday, December 19th. Finally, JPMorgan Chase & Co. reiterated a buy rating and issued a $183.00 target price on shares of Cintas in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Cintas presently has a consensus rating of Hold and a consensus price target of $155.91.
Shares of Cintas (NASDAQ CTAS) traded up $0.38 during trading on Thursday, hitting $169.94. The stock had a trading volume of 561,342 shares, compared to its average volume of 651,472. The stock has a market cap of $18,096.74, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.60 and a beta of 0.88. The company has a current ratio of 1.77, a quick ratio of 1.53 and a debt-to-equity ratio of 0.99. Cintas has a 12-month low of $117.21 and a 12-month high of $172.91.
In related news, insider James Phillip Holloman sold 12,386 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $160.92, for a total transaction of $1,993,155.12. Following the completion of the sale, the insider now directly owns 141,328 shares of the company’s stock, valued at approximately $22,742,501.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.90% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the stock. Artisan Partners Limited Partnership lifted its stake in shares of Cintas by 29.1% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,771,864 shares of the business services provider’s stock worth $255,645,000 after acquiring an additional 398,874 shares during the last quarter. Egerton Capital UK LLP bought a new stake in shares of Cintas during the 4th quarter worth approximately $239,268,000. Frontier Capital Management Co. LLC lifted its stake in shares of Cintas by 1.4% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,046,259 shares of the business services provider’s stock worth $150,954,000 after acquiring an additional 14,223 shares during the last quarter. Congress Asset Management Co. MA lifted its stake in shares of Cintas by 3.3% during the 4th quarter. Congress Asset Management Co. MA now owns 992,320 shares of the business services provider’s stock worth $154,633,000 after acquiring an additional 32,155 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Cintas by 50.7% during the 4th quarter. Wells Fargo & Company MN now owns 715,166 shares of the business services provider’s stock valued at $111,443,000 after purchasing an additional 240,495 shares in the last quarter. 66.19% of the stock is owned by hedge funds and other institutional investors.
Cintas Corporation 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, first aid and safety services and fire protection products and services.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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