Cintas Co. (NASDAQ:CTAS) – Investment analysts at William Blair raised their Q1 2020 earnings estimates for Cintas in a research note issued on Thursday, June 20th, Zacks Investment Research reports. William Blair analyst T. Mulrooney now anticipates that the business services provider will post earnings of $1.97 per share for the quarter, up from their previous estimate of $1.89. William Blair has a “Buy” rating on the stock. William Blair also issued estimates for Cintas’ Q3 2020 earnings at $1.87 EPS and Q4 2020 earnings at $2.30 EPS.
A number of other equities analysts also recently weighed in on the stock. Morgan Stanley set a $23.00 target price on shares of Murphy Oil and gave the stock a “sell” rating in a research note on Friday, March 22nd. BidaskClub downgraded shares of Xperi from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 19th. JPMorgan Chase & Co. set a $45.00 target price on shares of Ciena and gave the stock a “buy” rating in a research note on Friday, March 22nd. Finally, Zacks Investment Research downgraded shares of G1 Therapeutics from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $200.05.
NASDAQ CTAS traded up $2.45 during mid-day trading on Friday, reaching $242.44. 405,811 shares of the stock were exchanged, compared to its average volume of 510,722. Cintas has a one year low of $155.98 and a one year high of $242.71. The company has a 50 day moving average of $232.45. The stock has a market cap of $25.35 billion, a PE ratio of 40.81, a P/E/G ratio of 2.37 and a beta of 0.99. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.89 and a current ratio of 2.24.
In other Cintas news, Director Joseph Scaminace sold 6,255 shares of Cintas 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 completion of the sale, the director now directly owns 7,973 shares of the company’s stock, valued at $1,771,600.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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. Lunia Capital LP acquired a new position in shares of Cintas during the fourth quarter valued at about $15,696,000. Norges Bank acquired a new position in shares of Cintas during the fourth quarter valued at about $140,888,000. American Century Companies Inc. grew its holdings in shares of Cintas by 97.6% during the fourth quarter. American Century Companies Inc. now owns 1,172,508 shares of the business services provider’s stock valued at $196,970,000 after buying an additional 579,155 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Cintas by 336.6% during the first quarter. OppenheimerFunds Inc. now owns 653,407 shares of the business services provider’s stock valued at $132,061,000 after buying an additional 503,747 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Cintas by 21.2% during the first quarter. FMR LLC now owns 2,722,998 shares of the business services provider’s stock valued at $550,345,000 after buying an additional 475,757 shares during the last quarter. 67.05% 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 directly.