J. Michael Hansen Sells 5,477 Shares of Cintas Co. (CTAS) Stock

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.

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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.

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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