Cintas Co. (NASDAQ:CTAS) has been given an average rating of “Buy” by the ten brokerages that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $382.71.
A number of equities research analysts have issued reports on CTAS shares. Morgan Stanley upped their price target on shares of Cintas from $324.00 to $333.00 and gave the company an “equal weight” rating in a report on Thursday, March 18th. The Goldman Sachs Group upped their price target on shares of Cintas from $387.00 to $411.00 and gave the company a “buy” rating in a report on Tuesday, June 22nd.
CTAS stock opened at $383.50 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.34 and a quick ratio of 1.92. Cintas has a 52-week low of $261.65 and a 52-week high of $384.66. The company’s 50-day moving average price is $357.11. The company has a market capitalization of $40.28 billion, a PE ratio of 42.05, a price-to-earnings-growth ratio of 3.63 and a beta of 1.50.
In other news, CAO Michael Lawrence Thompson sold 2,500 shares of the company’s stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $207.98, for a total transaction of $519,950.00. Following the completion of the transaction, the chief accounting officer now owns 70,917 shares of the company’s stock, valued at $14,749,317.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 15.80% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in Cintas by 2.8% in the first quarter. Geode Capital Management LLC now owns 1,577,965 shares of the business services provider’s stock worth $537,169,000 after purchasing an additional 42,760 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Cintas by 63.4% during the first quarter. The Manufacturers Life Insurance Company now owns 1,048,541 shares of the business services provider’s stock worth $357,878,000 after buying an additional 407,000 shares in the last quarter. Winslow Capital Management LLC increased its holdings in shares of Cintas by 272.3% during the first quarter. Winslow Capital Management LLC now owns 825,378 shares of the business services provider’s stock worth $281,710,000 after buying an additional 603,659 shares in the last quarter. Norges Bank acquired a new stake in shares of Cintas during the fourth quarter worth approximately $278,109,000. Finally, Nuveen Asset Management LLC increased its holdings in shares of Cintas by 14.5% during the fourth quarter. Nuveen Asset Management LLC now owns 551,590 shares of the business services provider’s stock worth $194,966,000 after buying an additional 69,990 shares in the last quarter. 63.04% of the stock is owned by hedge funds and other institutional investors.
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 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.
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