Cintas Co. (NASDAQ:CTAS) was the recipient of some unusual options trading on Thursday. Stock investors acquired 1,011 call options on the company. This represents an increase of approximately 1,133% compared to the average daily volume of 82 call options.
Shares of Cintas (NASDAQ:CTAS) opened at $163.11 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.77 and a quick ratio of 1.53. The stock has a market cap of $18,453.44, a PE ratio of 32.49, a price-to-earnings-growth ratio of 2.65 and a beta of 0.88. Cintas has a 12 month low of $119.54 and a 12 month high of $178.34.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, March 22nd. The business services provider reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.10. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.57 billion. Cintas had a net margin of 9.23% and a return on equity of 23.23%. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.11 earnings per share. equities analysts forecast that Cintas will post 5.45 EPS for the current year.
In related news, insider James Phillip Holloman sold 12,386 shares of Cintas stock in a transaction dated 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 $22,742,501.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 18.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in CTAS. Egerton Capital UK LLP bought a new stake in Cintas in the fourth quarter worth about $239,268,000. Fred Alger Management Inc. lifted its stake in Cintas by 1,018.9% in the fourth quarter. Fred Alger Management Inc. now owns 592,705 shares of the business services provider’s stock worth $92,361,000 after purchasing an additional 539,735 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Cintas in the third quarter worth about $61,754,000. Artisan Partners Limited Partnership lifted its stake in Cintas by 29.1% in the third quarter. Artisan Partners Limited Partnership now owns 1,771,864 shares of the business services provider’s stock worth $255,645,000 after purchasing an additional 398,874 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Cintas by 50.7% in the fourth quarter. Wells Fargo & Company MN now owns 715,166 shares of the business services provider’s stock worth $111,443,000 after purchasing an additional 240,495 shares during the last quarter. 66.56% of the stock is owned by institutional investors and hedge funds.
CTAS has been the subject of several recent research reports. BidaskClub upgraded Cintas from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. KeyCorp reiterated an “overweight” rating and issued a $174.00 price target (up previously from $148.00) on shares of Cintas in a research report on Tuesday, December 19th. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a research report on Tuesday, December 19th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $183.00 price target on shares of Cintas in a research report on Friday, December 22nd. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $185.00 price target (up previously from $165.00) on shares of Cintas in a research report on Friday, December 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $158.45.
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Cintas Company Profile
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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