Cintas Corporation (NASDAQ: CTAS) is 12.36% higher on its value in year-to-date trading and has touched a low of $154.15 and a high of $228.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CTAS stock was last observed hovering at around $204.56 in the last trading session, with the day’s gains setting it 0.73%.
Currently trading at $205.29, the stock is 0.24% and 3.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing 0.36% at the moment leaves the stock 4.21% off its SMA200. CTAS registered 30.68% gain for a year compared to 6-month gain of 1.99%.
The stock witnessed a 1.52% loss in the last 1 month and extending the period to 3 months gives it a -9.08%, and is 0.48% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.01% over the week and 1.74% over the month.
Cintas Corporation (CTAS) has around 46500 employees, a market worth around $82.84B and $9.94B in sales. Current P/E ratio is 49.54 and Fwd P/E is 42.97. Profit margin for the company is 17.16%. Distance from 52-week low is 33.17% and -10.01% from its 52-week high. The company has generated returns on investments over the last 12 months (26.40%).
The EPS is expected to grow by 14.23% this year
The shares outstanding are 403.50M, and float is at 343.01M with Short Float at 1.41%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 10.4 million shares valued at $7.28 billion. The investor’s holdings represent 10.2509 of the CTAS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.74 million shares valued at $4.72 billion to account for 6.642 of the shares outstanding. The other top investors are STATE STREET CORP which holds 3.65 million shares representing 3.5898 and valued at over $2.55 billion, while FMR LLC holds 2.1778 of the shares totaling 2.21 million with a market value of $1.55 billion.
Cintas Corporation (CTAS) Insider Activity
A total of 0 insider transactions have happened at Cintas Corporation (CTAS) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Schneider Todd M., the company’s CEO and Director. SEC filings show that Schneider Todd M. sold 6,896 shares of the company’s common stock on Jul 29 ’24 at a price of $764.05 per share for a total of $5.27 million. Following the sale, the insider now owns 0.15 million shares.
Still, SEC filings show that on Jul 24 ’24, Adolph Gerald S (Director) disposed off 1,100 shares at an average price of $765.72 for $0.84 million. The insider now directly holds 31,452 shares of Cintas Corporation (CTAS).
Cintas Corporation (CTAS): Who are the competitors?
One of the company’s main competitors (and peers) include Aramark (ARMK) that is trading 15.32% up over the past 12 months.Elis S.A. (ELIS) lies in the list of competitors of the Cintas Corporation and is -3.73% lower over the same period from CTASUniFirst Corp. (UNF) is 23.81% up on the 1-year trading charts.
