Cintas Sees Unusually High Options Volume (CTAS)
Cintas Co. (NASDAQ:CTAS) was the target of some unusual options trading activity on Thursday. Investors acquired 1,970 put options on the company. This is an increase of approximately 2,426% compared to the average daily volume of 78 put options.
CTAS has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a research note on Tuesday, October 10th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $183.00 target price on shares of Cintas in a research note on Friday. BidaskClub raised shares of Cintas from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Royal Bank of Canada reaffirmed a “hold” rating and set a $145.00 target price on shares of Cintas in a research note on Monday, November 20th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $138.00 target price (up previously from $136.00) on shares of Cintas in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $153.64.
Shares of Cintas (CTAS) opened at $156.85 on Tuesday. Cintas has a fifty-two week low of $112.96 and a fifty-two week high of $163.45. The company has a current ratio of 1.84, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. The company has a market cap of $16,670.00, a P/E ratio of 35.09, a PEG ratio of 2.48 and a beta of 0.88.
The company also recently declared an annual dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were issued a dividend of $1.62 per share. This is a boost from Cintas’s previous annual dividend of $1.33. The ex-dividend date was Thursday, November 9th. This represents a dividend yield of 1.07%. Cintas’s dividend payout ratio is presently 36.24%.
Large investors have recently bought and sold shares of the company. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Cintas during the second quarter valued at approximately $120,000. Parallel Advisors LLC grew its holdings in shares of Cintas by 4.4% during the second quarter. Parallel Advisors LLC now owns 900 shares of the business services provider’s stock valued at $121,000 after buying an additional 38 shares during the last quarter. QS Investors LLC grew its holdings in shares of Cintas by 1.0% during the second quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock valued at $125,000 after buying an additional 10 shares during the last quarter. YorkBridge Wealth Partners LLC grew its holdings in shares of Cintas by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock valued at $133,000 after buying an additional 33 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC grew its holdings in shares of Cintas by 4.3% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,200 shares of the business services provider’s stock valued at $151,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.
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Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.
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