Let’s look at the key reasons that are pushing Cintas Corporation (CTAS) to new highs

On Friday, Cintas Corporation (NASDAQ: CTAS) opened higher 2.06% from the last session, before settling in for the closing price of $182.09. Price fluctuations for CTAS have ranged from $143.64 to $228.12 over the past 52 weeks.

During the last 5-year period, the sales growth of Industrials Sector giant was 6.94%. Company’s average yearly earnings per share was noted 13.90% at the time writing. With a float of $342.48 million, this company’s outstanding shares have now reached $403.50 million.

Let’s determine the extent of company efficiency that accounts for 46500 employees. In terms of profitability, gross margin is 48.79%, operating margin of 22.34%, and the pretax margin is 21.38%.

Cintas Corporation (CTAS) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Specialty Business Services industry is another important factor to consider. The insider ownership of Cintas Corporation is 15.08%, while institutional ownership is 64.06%. The most recent insider transaction that took place on Jul 29 ’24, was worth 5,268,889. In this transaction CEO and Director of this company sold 6,896 shares at a rate of $764.05, taking the stock ownership to the 146,936 shares. Before that another transaction happened on Jul 29 ’24, when Company’s Officer proposed sale 6,896 for $763.06, making the entire transaction worth $5,262,062.

Cintas Corporation (CTAS) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 13.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.75% during the next five years compared to 13.70% growth over the previous five years of trading.

Cintas Corporation (NASDAQ: CTAS) Trading Performance Indicators

Check out the current performance indicators for Cintas Corporation (CTAS). In the past quarter, the stock posted a quick ratio of 1.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.70. Likewise, its price to free cash flow for the trailing twelve months is 41.24.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.15, a number that is poised to hit 1.05 in the next quarter and is forecasted to reach 4.77 in one year’s time.

Technical Analysis of Cintas Corporation (CTAS)

Looking closely at Cintas Corporation (NASDAQ: CTAS), its last 5-days average volume was 1.87 million, which is a drop from its year-to-date volume of 1.93 million. As of the previous 9 days, the stock’s Stochastic %D was 27.76%. Additionally, its Average True Range was 4.43.

During the past 100 days, Cintas Corporation’s (CTAS) raw stochastic average was set at 10.71%, which indicates a significant decrease from 15.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.61% in the past 14 days, which was higher than the 27.23% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $209.68, while its 200-day Moving Average is $190.35. However, in the short run, Cintas Corporation’s stock first resistance to watch stands at $187.29. Second resistance stands at $188.72. The third major resistance level sits at $190.98. If the price goes on to break the first support level at $183.59, it is likely to go to the next support level at $181.32. Now, if the price goes above the second support level, the third support stands at $179.89.

Cintas Corporation (NASDAQ: CTAS) Key Stats

There are currently 403,299K shares outstanding in the company with a market cap of 76.50 billion. Presently, the company’s annual sales total 9,597 M according to its annual income of 1,572 M. Last quarter, the company’s sales amounted to 2,562 M and its income totaled 448,500 K.