Cintas Co. (NASDAQ:CTAS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $215.93 and last traded at $214.08, with a volume of 11756 shares. The stock had previously closed at $213.82.

Several equities analysts have issued reports on the company. Robert W. Baird reaffirmed a “buy” rating and set a $215.00 price objective on shares of Cintas in a report on Friday, July 20th. Credit Suisse Group assumed coverage on shares of Cintas in a research note on Friday, August 10th. They set a “neutral” rating and a $205.00 target price for the company. Nomura reiterated a “hold” rating and set a $188.00 target price on shares of Cintas in a research note on Sunday, July 22nd. Barclays increased their target price on shares of Cintas from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, July 20th. Finally, Zacks Investment Research downgraded shares of Cintas from a “buy” rating to a “hold” rating in a research note on Monday, May 28th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $184.58.

The company has a market capitalization of $22.68 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 2.51 and a beta of 0.98. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.19 and a current ratio of 2.55.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, July 19th. The business services provider reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.10. Cintas had a net margin of 13.01% and a return on equity of 24.03%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. research analysts expect that Cintas Co. will post 7.09 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. increased its holdings in Cintas by 30.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 11,262 shares of the business services provider’s stock valued at $2,084,000 after buying an additional 2,626 shares in the last quarter. Bessemer Group Inc. increased its holdings in Cintas by 12.6% in the second quarter. Bessemer Group Inc. now owns 1,297,097 shares of the business services provider’s stock valued at $240,054,000 after buying an additional 145,128 shares in the last quarter. 1ST Source Bank purchased a new position in Cintas in the second quarter valued at about $201,000. Pitcairn Co. increased its holdings in Cintas by 10.2% in the second quarter. Pitcairn Co. now owns 11,674 shares of the business services provider’s stock valued at $2,161,000 after buying an additional 1,084 shares in the last quarter. Finally, Toronto Dominion Bank increased its holdings in Cintas by 19.7% in the second quarter. Toronto Dominion Bank now owns 55,976 shares of the business services provider’s stock valued at $10,357,000 after buying an additional 9,199 shares in the last quarter. Hedge funds and other institutional investors own 68.76% 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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