Cintas Co. (NASDAQ:CTAS) CFO J. Michael Hansen sold 5,477 shares of the business’s stock in a transaction dated Thursday, March 23rd. The stock was sold at an average price of $125.72, for a total transaction of $688,568.44. Following the completion of the sale, the chief financial officer now owns 40,974 shares in the company, valued at $5,151,251.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Cintas Co. (NASDAQ:CTAS) opened at 125.12 on Tuesday. Cintas Co. has a 12-month low of $86.92 and a 12-month high of $128.85. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 25.95 and a beta of 0.87. The firm has a 50-day moving average of $119.35 and a 200-day moving average of $114.82.
Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 22nd. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Cintas had a return on equity of 24.80% and a net margin of 10.37%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.05 earnings per share. Equities research analysts forecast that Cintas Co. will post $4.61 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This piece was reported by Mideast Time and is owned by of Mideast Time. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.mideasttime.com/j-michael-hansen-sells-5477-shares-of-cintas-co-ctas-stock/1590022.html.
Several hedge funds and other institutional investors have recently modified their holdings of CTAS. First Personal Financial Services boosted its stake in shares of Cintas by 2.3% in the third quarter. First Personal Financial Services now owns 1,130 shares of the company’s stock worth $127,000 after buying an additional 25 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Cintas by 1.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,933 shares of the company’s stock worth $570,000 after buying an additional 53 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Cintas by 6.6% in the third quarter. Quadrant Capital Group LLC now owns 1,203 shares of the company’s stock worth $132,000 after buying an additional 74 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Cintas by 9.2% in the fourth quarter. Van ECK Associates Corp now owns 1,123 shares of the company’s stock worth $130,000 after buying an additional 95 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in shares of Cintas by 0.3% in the third quarter. Gulf International Bank UK Ltd now owns 28,737 shares of the company’s stock worth $3,235,000 after buying an additional 100 shares during the last quarter. 66.28% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on CTAS shares. Zacks Investment Research upgraded shares of Cintas from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a research report on Monday, December 19th. Deutsche Bank AG started coverage on shares of Cintas in a research report on Wednesday, February 22nd. They issued a “hold” rating and a $120.00 price objective on the stock. William Blair reiterated an “outperform” rating on shares of Cintas in a research report on Wednesday, January 18th. Finally, Stifel Nicolaus boosted their price objective on shares of Cintas from $118.00 to $123.00 and gave the stock a “hold” rating in a research report on Tuesday, December 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $129.20.
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.
Receive News & Ratings for Cintas Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas Co. and related companies with MarketBeat.com's FREE daily email newsletter.