Cintas Co. (NASDAQ:CTAS) was the recipient of unusually large options trading on Tuesday. Stock traders acquired 1,349 call options on the company. This represents an increase of 1,366% compared to the typical volume of 92 call options.

NASDAQ CTAS opened at $212.96 on Wednesday. The firm has a market capitalization of $22.95 billion, a price-to-earnings ratio of 35.85, a P/E/G ratio of 2.48 and a beta of 0.98. Cintas has a 1 year low of $136.07 and a 1 year high of $217.34. The company has a current ratio of 2.55, a quick ratio of 2.19 and a debt-to-equity ratio of 0.84.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Tuesday, September 25th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.13. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Cintas had a return on equity of 24.03% and a net margin of 13.01%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 earnings per share. analysts anticipate that Cintas will post 7.09 EPS for the current year.

A number of equities research analysts have weighed in on CTAS shares. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $202.00 target price for the company in a research report on Wednesday, May 30th. Morgan Stanley upped their target price on Cintas from $152.00 to $158.00 and gave the stock a “$192.53” rating in a research report on Wednesday, July 18th. Stifel Nicolaus upped their target price on Cintas from $162.00 to $180.00 and gave the stock a “hold” rating in a research report on Friday, July 20th. Robert W. Baird restated a “buy” rating and issued a $215.00 target price on shares of Cintas in a research report on Friday, July 20th. Finally, Barclays upped their target price on Cintas from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Cintas has an average rating of “Buy” and an average price target of $188.33.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal London Asset Management Ltd. bought a new position in shares of Cintas in the second quarter valued at $6,544,000. Schroder Investment Management Group bought a new position in shares of Cintas in the second quarter valued at $1,274,000. Global X Management Co LLC raised its stake in Cintas by 23.3% during the 2nd quarter. Global X Management Co LLC now owns 2,894 shares of the business services provider’s stock valued at $536,000 after purchasing an additional 546 shares during the period. Morse Asset Management Inc raised its stake in Cintas by 123.6% during the 2nd quarter. Morse Asset Management Inc now owns 8,507 shares of the business services provider’s stock valued at $1,574,000 after purchasing an additional 4,702 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in Cintas during the 2nd quarter valued at $277,000. 68.70% of the stock is currently owned by 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 directly.

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