Several other research firms have also recently commented on CTAS. Morgan Stanley reissued an underweight rating and set a $80.00 target price (up from $75.00) on shares of Cintas Corp. in a research note on Wednesday, August 17th. Zacks Investment Research cut Cintas Corp. from a buy rating to a hold rating in a research note on Thursday, August 4th. KeyCorp boosted their target price on Cintas Corp. from $110.00 to $130.00 and gave the stock an overweight rating in a research note on Wednesday, August 17th. Nomura reissued a buy rating and set a $135.00 target price (up from $124.00) on shares of Cintas Corp. in a research note on Thursday, August 25th. Finally, Piper Jaffray Cos. reissued a neutral rating and set a $106.00 target price (up from $95.00) on shares of Cintas Corp. in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $116.60.
Shares of Cintas Corp. (NASDAQ:CTAS) traded down 0.22% on Friday, hitting $112.35. The stock had a trading volume of 119,527 shares. The firm’s 50-day moving average price is $114.51 and its 200 day moving average price is $99.85. Cintas Corp. has a 52-week low of $80.00 and a 52-week high of $119.94. The firm has a market cap of $11.79 billion, a PE ratio of 16.89 and a beta of 0.76.
Cintas Corp. (NASDAQ:CTAS) last released its earnings results on Tuesday, September 27th. The company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.18. Cintas Corp. had a return on equity of 24.60% and a net margin of 14.63%. The firm earned $1.29 billion during the quarter. During the same period in the previous year, the firm earned $0.93 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts predict that Cintas Corp. will post $4.58 EPS for the current year.
In other Cintas Corp. news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $108.12, for a total transaction of $216,240.00. Following the completion of the sale, the director now directly owns 11,590 shares of the company’s stock, valued at approximately $1,253,110.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 19.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV increased its stake in Cintas Corp. by 18.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 9,388 shares of the company’s stock valued at $843,000 after buying an additional 1,488 shares in the last quarter. Bristlecone Advisors LLC increased its position in shares of Cintas Corp. by 5.9% in the first quarter. Bristlecone Advisors LLC now owns 12,320 shares of the company’s stock worth $1,106,000 after buying an additional 690 shares during the period. BlackRock Japan Co. Ltd increased its position in shares of Cintas Corp. by 39.7% in the first quarter. BlackRock Japan Co. Ltd now owns 179,775 shares of the company’s stock worth $16,146,000 after buying an additional 51,117 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Cintas Corp. by 19.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,926,414 shares of the company’s stock worth $262,821,000 after buying an additional 480,916 shares during the period. Finally, BlackRock Group LTD increased its position in shares of Cintas Corp. by 17.2% in the first quarter. BlackRock Group LTD now owns 925,137 shares of the company’s stock worth $83,086,000 after buying an additional 136,073 shares during the period. 65.78% of the stock is owned by hedge funds and other institutional investors.
About Cintas Corp.
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.
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