Cintas Co. (NASDAQ:CTAS – Get Free Report) was the target of some unusual options trading activity on Thursday. Stock traders acquired 4,478 put options on the stock. This is an increase of 124% compared to the typical volume of 1,996 put options.
Cintas Price Performance
NASDAQ CTAS traded down $18.94 during trading on Thursday, reaching $185.45. The company’s stock had a trading volume of 1,204,591 shares, compared to its average volume of 1,482,343. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33. The firm has a fifty day moving average of $215.20 and a 200 day moving average of $203.00. Cintas has a one year low of $138.39 and a one year high of $228.12. The stock has a market capitalization of $74.79 billion, a PE ratio of 46.83, a P/E/G ratio of 4.15 and a beta of 1.33.
Cintas (NASDAQ:CTAS – Get Free Report) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the business earned $3.61 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts expect that Cintas will post 4.23 EPS for the current fiscal year.
Cintas Announces Dividend
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. LGT Financial Advisors LLC raised its holdings in Cintas by 311.1% in the 2nd quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock worth $26,000 after purchasing an additional 28 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in Cintas by 341.4% in the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after buying an additional 99 shares during the period. Hollencrest Capital Management boosted its position in Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 104 shares in the last quarter. Addison Advisors LLC lifted its stake in shares of Cintas by 495.7% in the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 114 shares during the period. Finally, Grove Bank & Trust boosted its position in shares of Cintas by 1,340.0% during the third quarter. Grove Bank & Trust now owns 144 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Barclays boosted their price target on Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Morgan Stanley upped their target price on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Jefferies Financial Group decreased their price target on shares of Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a report on Thursday, September 26th. UBS Group raised their target price on shares of Cintas from $219.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Royal Bank of Canada increased their price target on Cintas from $181.00 to $215.00 and gave the company a “sector perform” rating in a research note on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $200.77.
Check Out Our Latest Stock Report on Cintas
About Cintas
Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. 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, as well as sells uniforms.
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