Cintas (CTAS) Hits New 12-Month High at $217.46

Cintas Co. (NASDAQ:CTAS) hit a new 52-week high on Friday . The company traded as high as $217.46 and last traded at $216.78, with a volume of 269562 shares changing hands. The stock had previously closed at $214.80.

A number of equities research analysts have weighed in on the company. BidaskClub raised Cintas from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 18th. Morgan Stanley lifted their target price on Cintas from $163.00 to $172.00 and gave the company an “underweight” rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. lifted their target price on Cintas from $210.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Zacks Investment Research lowered Cintas from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. Finally, ValuEngine upgraded Cintas from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Cintas currently has a consensus rating of “Hold” and a consensus price target of $194.45.

The firm has a market cap of $22.32 billion, a PE ratio of 36.49, a price-to-earnings-growth ratio of 2.35 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.24 and a quick ratio of 1.89.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, March 21st. The business services provider reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.13. Cintas had a return on equity of 25.85% and a net margin of 12.44%. The business had revenue of $1.68 million for the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the business posted $1.37 EPS. The business’s revenue was down 99.9% compared to the same quarter last year. Analysts expect that Cintas Co. will post 7.46 EPS for the current year.

In related news, insider Michael Lawrence Thompson sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $200.60, for a total transaction of $200,600.00. Following the transaction, the insider now directly owns 64,165 shares in the company, valued at approximately $12,871,499. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Thomas E. Frooman sold 1,740 shares of the business’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $201.79, for a total value of $351,114.60. Following the transaction, the vice president now owns 124,666 shares in the company, valued at $25,156,352.14. The disclosure for this sale can be found here. Insiders sold a total of 8,155 shares of company stock worth $1,658,496 over the last quarter. Company insiders own 19.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Lunia Capital LP purchased a new position in Cintas during the 4th quarter worth $15,696,000. Vanguard Group Inc grew its stake in Cintas by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 9,605,402 shares of the business services provider’s stock worth $1,900,044,000 after buying an additional 48,586 shares during the last quarter. BlackRock Inc. grew its stake in Cintas by 0.8% during the 4th quarter. BlackRock Inc. now owns 5,824,178 shares of the business services provider’s stock worth $978,406,000 after buying an additional 44,087 shares during the last quarter. Brown Advisory Inc. grew its stake in Cintas by 13.7% during the 4th quarter. Brown Advisory Inc. now owns 1,894,686 shares of the business services provider’s stock worth $318,289,000 after buying an additional 228,596 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Cintas by 97.6% during the 4th quarter. American Century Companies Inc. now owns 1,172,508 shares of the business services provider’s stock worth $196,970,000 after buying an additional 579,155 shares during the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.

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About Cintas (NASDAQ:CTAS)

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 and First Aid and Safety Services 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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