Investors Purchase Large Volume of Cintas Call Options (NASDAQ:CTAS)

Cintas Co. (NASDAQ:CTAS) saw unusually large options trading activity on Wednesday. Stock investors bought 866 call options on the stock. This represents an increase of approximately 802% compared to the average daily volume of 96 call options.

Shares of NASDAQ CTAS opened at $276.65 on Thursday. The stock has a market cap of $29.04 billion, a P/E ratio of 32.55, a P/E/G ratio of 3.05 and a beta of 0.99. The firm has a 50 day moving average price of $287.13 and a 200 day moving average price of $268.54. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.65 and a current ratio of 1.92. Cintas has a 52-week low of $191.91 and a 52-week high of $304.81.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Tuesday, December 17th. The business services provider reported $2.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.24. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Cintas had a net margin of 12.99% and a return on equity of 30.04%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.76 earnings per share. Analysts predict that Cintas will post 8.79 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bristlecone Advisors LLC lifted its stake in Cintas by 0.4% in the fourth quarter. Bristlecone Advisors LLC now owns 10,058 shares of the business services provider’s stock valued at $2,706,000 after buying an additional 38 shares in the last quarter. Eads & Heald Wealth Management lifted its stake in Cintas by 1.8% in the third quarter. Eads & Heald Wealth Management now owns 2,248 shares of the business services provider’s stock valued at $603,000 after buying an additional 39 shares in the last quarter. Clark Capital Management Group Inc. lifted its stake in Cintas by 2.8% in the fourth quarter. Clark Capital Management Group Inc. now owns 1,490 shares of the business services provider’s stock valued at $401,000 after buying an additional 40 shares in the last quarter. Motley Fool Asset Management LLC lifted its stake in Cintas by 2.4% in the fourth quarter. Motley Fool Asset Management LLC now owns 1,791 shares of the business services provider’s stock valued at $482,000 after buying an additional 42 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in shares of Cintas by 2.3% in the fourth quarter. Integrated Wealth Concepts LLC now owns 1,932 shares of the business services provider’s stock worth $520,000 after purchasing an additional 44 shares in the last quarter. 64.80% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on CTAS shares. Jefferies Financial Group started coverage on shares of Cintas in a research report on Wednesday, November 27th. They set a “buy” rating and a $308.00 price target for the company. Royal Bank of Canada lifted their price target on shares of Cintas from $275.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Robert W. Baird reiterated a “buy” rating and set a $300.00 price target on shares of Cintas in a research report on Wednesday, November 13th. Bank of America upgraded shares of Cintas from a “neutral” rating to a “buy” rating in a report on Friday, January 3rd. Finally, BidaskClub upgraded shares of Cintas from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. Cintas currently has a consensus rating of “Buy” and an average price target of $274.18.

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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