Cintas Co. (NASDAQ:CTAS) insider James Phillip Holloman sold 12,386 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $160.92, for a total transaction of $1,993,155.12. Following the sale, the insider now directly owns 141,328 shares in the company, valued at $22,742,501.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Cintas Co. (NASDAQ:CTAS) traded up $0.76 during mid-day trading on Wednesday, hitting $161.22. 760,900 shares of the stock were exchanged, compared to its average volume of 540,770. Cintas Co. has a 12 month low of $112.96 and a 12 month high of $163.45. The firm has a market capitalization of $17,087.19, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 2.46 and a beta of 0.87. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.77 and a quick ratio of 1.53.
Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.04. Cintas had a net margin of 9.23% and a return on equity of 23.23%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the business earned $1.15 earnings per share. Cintas’s quarterly revenue was up 26.4% on a year-over-year basis. equities research analysts anticipate that Cintas Co. will post 5.44 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in CTAS. Janus Henderson Group PLC lifted its holdings in Cintas by 10,719.0% in the second quarter. Janus Henderson Group PLC now owns 1,113,279 shares of the business services provider’s stock valued at $140,318,000 after buying an additional 1,102,989 shares during the period. Point72 Asset Management L.P. acquired a new position in Cintas in the third quarter valued at approximately $61,754,000. Artisan Partners Limited Partnership lifted its holdings in Cintas by 29.1% in the third quarter. Artisan Partners Limited Partnership now owns 1,771,864 shares of the business services provider’s stock valued at $255,645,000 after buying an additional 398,874 shares during the period. FMR LLC lifted its holdings in Cintas by 20.3% in the second quarter. FMR LLC now owns 1,705,533 shares of the business services provider’s stock valued at $214,965,000 after buying an additional 288,029 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Cintas by 412.4% in the second quarter. Renaissance Technologies LLC now owns 341,068 shares of the business services provider’s stock valued at $42,988,000 after buying an additional 274,500 shares during the period. Institutional investors and hedge funds own 66.64% of the company’s stock.
Several analysts have weighed in on the stock. Deutsche Bank reaffirmed a “hold” rating and set a $140.00 price objective (up from $130.00) on shares of Cintas in a research note on Wednesday, September 27th. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research note on Tuesday, December 19th. KeyCorp reaffirmed an “overweight” rating and set a $174.00 price objective (up from $148.00) on shares of Cintas in a research note on Tuesday, December 19th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $183.00 price objective on shares of Cintas in a research note on Friday, December 22nd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Cintas in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $153.73.
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Cintas Company Profile
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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