Cintas Target of Unusually High Options Trading (CTAS)
Cintas Co. (NASDAQ:CTAS) was the recipient of some unusual options trading on Thursday. Investors bought 1,011 call options on the company. This represents an increase of approximately 1,133% compared to the typical daily volume of 82 call options.
Cintas (NASDAQ:CTAS) opened at $163.11 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.77 and a quick ratio of 1.53. The firm has a market capitalization of $18,453.44, a price-to-earnings ratio of 32.49, a P/E/G ratio of 2.65 and a beta of 0.88. Cintas has a 52-week low of $119.54 and a 52-week high of $178.34.
Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, March 22nd. The business services provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.10. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.57 billion. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The business’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period last year, the company posted $1.11 EPS. analysts predict that Cintas will post 5.45 earnings per share for the current fiscal year.
In other Cintas news, insider James Phillip Holloman sold 12,386 shares of the stock in a transaction on 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 transaction, the insider now owns 141,328 shares of the company’s stock, valued at approximately $22,742,501.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 18.90% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of CTAS. Raymond James Financial Services Advisors Inc. raised its position in shares of Cintas by 9.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 8,298 shares of the business services provider’s stock worth $1,197,000 after buying an additional 713 shares during the period. Principal Financial Group Inc. raised its position in shares of Cintas by 2.9% in the 3rd quarter. Principal Financial Group Inc. now owns 135,358 shares of the business services provider’s stock worth $19,529,000 after buying an additional 3,855 shares during the period. New York State Common Retirement Fund raised its position in shares of Cintas by 6.0% in the 3rd quarter. New York State Common Retirement Fund now owns 352,700 shares of the business services provider’s stock worth $50,888,000 after buying an additional 20,100 shares during the period. Advisor Group Inc. raised its position in shares of Cintas by 28.0% in the 3rd quarter. Advisor Group Inc. now owns 4,461 shares of the business services provider’s stock worth $644,000 after buying an additional 977 shares during the period. Finally, Comerica Bank raised its position in Cintas by 15.0% in the third quarter. Comerica Bank now owns 33,545 shares of the business services provider’s stock valued at $5,006,000 after purchasing an additional 4,376 shares during the period. 66.56% of the stock is currently owned by institutional investors and hedge funds.
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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