Cintas (NASDAQ:CTAS) Share Price Passes Above 200 Day Moving Average of $625.03

Cintas Co. (NASDAQ:CTASGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $625.03 and traded as high as $681.74. Cintas shares last traded at $674.55, with a volume of 427,193 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CTAS shares. UBS Group boosted their price objective on Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Citigroup lowered Cintas from a “neutral” rating to a “sell” rating and upped their price target for the company from $530.00 to $570.00 in a research report on Friday, May 24th. Bank of America upped their price target on Cintas from $700.00 to $790.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Oppenheimer restated a “market perform” rating on shares of Cintas in a research report on Monday, April 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Cintas from $629.00 to $726.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Cintas presently has a consensus rating of “Moderate Buy” and a consensus price target of $664.07.

Get Our Latest Stock Analysis on Cintas

Cintas Stock Down 0.5 %

The company has a quick ratio of 2.03, a current ratio of 2.38 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average of $676.85 and a two-hundred day moving average of $625.03. The company has a market capitalization of $68.44 billion, a PE ratio of 46.58, a price-to-earnings-growth ratio of 3.77 and a beta of 1.31.

Cintas shares are scheduled to split on Thursday, September 12th. The 4-1 split was announced on Thursday, May 2nd. The newly issued shares will be issued to shareholders after the closing bell on Wednesday, September 11th.

Cintas (NASDAQ:CTASGet Free Report) last announced its quarterly earnings data on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.26. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $3.14 earnings per share. Equities research analysts predict that Cintas Co. will post 14.95 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 0.80%. The ex-dividend date is Tuesday, May 14th. Cintas’s dividend payout ratio (DPR) is presently 37.29%.

Insiders Place Their Bets

In related news, COO Jim Rozakis sold 1,318 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $693.71, for a total transaction of $914,309.78. Following the transaction, the chief operating officer now owns 59,770 shares of the company’s stock, valued at $41,463,046.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, COO Jim Rozakis sold 1,318 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $693.71, for a total transaction of $914,309.78. Following the transaction, the chief operating officer now owns 59,770 shares of the company’s stock, valued at $41,463,046.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald W. Tysoe sold 2,291 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $693.95, for a total transaction of $1,589,839.45. Following the completion of the sale, the director now owns 6,655 shares of the company’s stock, valued at approximately $4,618,237.25. The disclosure for this sale can be found here. Corporate insiders own 14.90% of the company’s stock.

Institutional Investors Weigh In On Cintas

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pathway Financial Advisers LLC acquired a new stake in shares of Cintas during the 1st quarter valued at approximately $29,000. Cetera Advisors LLC raised its position in shares of Cintas by 185.1% during the 1st quarter. Cetera Advisors LLC now owns 8,980 shares of the business services provider’s stock worth $6,170,000 after purchasing an additional 5,830 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Cintas by 141.3% during the 1st quarter. Cetera Investment Advisers now owns 25,498 shares of the business services provider’s stock worth $17,518,000 after purchasing an additional 14,930 shares during the last quarter. BigSur Wealth Management LLC raised its position in shares of Cintas by 105.0% during the 1st quarter. BigSur Wealth Management LLC now owns 4,100 shares of the business services provider’s stock worth $2,817,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Atria Investments Inc raised its position in shares of Cintas by 5.7% during the 1st quarter. Atria Investments Inc now owns 5,680 shares of the business services provider’s stock worth $3,903,000 after purchasing an additional 306 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Company Profile

(Get Free Report)

Cintas Corporation provides 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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