Cintas (NASDAQ:CTAS) Reaches New 1-Year High at $240.50

Shares of Cintas Co. (NASDAQ:CTAS) reached a new 52-week high during trading on Thursday . The stock traded as high as $240.50 and last traded at $240.41, with a volume of 6322 shares traded. The stock had previously closed at $238.69.

Several analysts recently commented on the stock. Zacks Investment Research cut shares of G1 Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. William Blair restated an “outperform” rating on shares of American Software in a report on Thursday, June 20th. Morgan Stanley set a $23.00 price target on shares of Murphy Oil and gave the stock a “sell” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. set a $45.00 price target on shares of Ciena and gave the stock a “buy” rating in a report on Friday, March 22nd. Finally, BidaskClub cut shares of Xperi from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $200.05.

The firm has a market capitalization of $25.10 billion, a PE ratio of 40.40, a P/E/G ratio of 2.37 and a beta of 0.99. The business’s 50-day moving average is $232.10. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.80.

In other news, Director Joseph Scaminace sold 6,255 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $222.20, for a total value of $1,389,861.00. Following the sale, the director now owns 7,973 shares in the company, valued at $1,771,600.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 19.10% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Capital Financial Planning LLC acquired a new stake in shares of Cintas in the 4th quarter valued at $29,000. Financial Gravity Wealth Inc. bought a new position in shares of Cintas in the first quarter valued at about $36,000. CWM LLC raised its holdings in shares of Cintas by 52.4% in the first quarter. CWM LLC now owns 192 shares of the business services provider’s stock valued at $39,000 after buying an additional 66 shares during the last quarter. Washington Trust Bank bought a new position in shares of Cintas in the first quarter valued at about $45,000. Finally, Resources Investment Advisors Inc. bought a new position in shares of Cintas in the first quarter valued at about $81,000. Hedge funds and other institutional investors own 67.05% of the company’s stock.

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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