Traders purchased shares of Cintas (NASDAQ:CTAS) on weakness during trading on Wednesday. $31.75 million flowed into the stock on the tick-up and $17.13 million flowed out of the stock on the tick-down, for a money net flow of $14.62 million into the stock. Of all stocks tracked, Cintas had the 30th highest net in-flow for the day. Cintas traded down ($0.37) for the day and closed at $169.46
CTAS has been the subject of a number of recent analyst reports. BidaskClub upgraded Cintas from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 22nd. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research note on Tuesday, December 19th. Robert W. Baird restated an “outperform” rating and set a $185.00 price objective (up previously from $165.00) on shares of Cintas in a research note on Friday, December 22nd. Stifel Nicolaus raised their price objective on Cintas from $145.00 to $162.00 and gave the company a “hold” rating in a research note on Friday, March 23rd. Finally, Morgan Stanley raised their price objective on Cintas from $151.00 to $152.00 and gave the company an “underweight” rating in a research note on Friday, March 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Cintas has an average rating of “Buy” and a consensus price target of $168.55.
The stock has a market capitalization of $18,078.23, a P/E ratio of 31.73, a P/E/G ratio of 2.43 and a beta of 0.90. The company has a quick ratio of 1.85, a current ratio of 2.15 and a debt-to-equity ratio of 0.88.
In other news, insider James Phillip Holloman sold 12,386 shares of Cintas stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $160.92, for a total value of $1,993,155.12. Following the completion of the transaction, the insider now owns 141,328 shares in the company, valued at approximately $22,742,501.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 18.90% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in CTAS. Northwestern Mutual Wealth Management Co. boosted its position in Cintas by 61.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 941 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 357 shares during the period. Two Sigma Securities LLC acquired a new position in Cintas during the 4th quarter valued at approximately $204,000. Novare Capital Management LLC acquired a new position in Cintas during the 4th quarter valued at approximately $206,000. IFM Investors Pty Ltd acquired a new position in Cintas during the 3rd quarter valued at approximately $210,000. Finally, IBM Retirement Fund acquired a new position in Cintas during the 4th quarter valued at approximately $211,000. Institutional investors and hedge funds own 66.56% of the company’s stock.
Cintas Company Profile
Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services; First Aid and Safety Services; and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.
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