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.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, December 21st. The business services provider reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.04. Cintas had a net margin of 8.57% and a return on equity of 21.25%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. sell-side analysts forecast that Cintas will post 5.37 EPS for the current year.

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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About Cintas

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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