Paul F. Adler Sells 4,030 Shares of Cintas Co. (CTAS) Stock
Cintas Co. (NASDAQ:CTAS) Treasurer Paul F. Adler sold 4,030 shares of the stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $122.26, for a total value of $492,707.80. Following the sale, the treasurer now owns 5,529 shares in the company, valued at approximately $675,975.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Cintas Co. (NASDAQ:CTAS) traded up 0.37% during mid-day trading on Thursday, reaching $123.10. 378,127 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $122.33 and its 200 day moving average price is $115.99. Cintas Co. has a one year low of $88.51 and a one year high of $128.85. The firm has a market cap of $12.97 billion, a price-to-earnings ratio of 25.53 and a beta of 0.87.
Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, March 22nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. The company earned $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Cintas had a net margin of 10.37% and a return on equity of 24.80%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. On average, equities analysts forecast that Cintas Co. will post $4.53 EPS for the current year.
Several equities research analysts have issued reports on CTAS shares. Royal Bank of Canada restated a “sector perform” rating on shares of Cintas in a research report on Tuesday, December 27th. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a research report on Tuesday, January 10th. William Blair reaffirmed an “outperform” rating on shares of Cintas in a report on Wednesday, January 18th. Deutsche Bank AG assumed coverage on shares of Cintas in a report on Wednesday, February 22nd. They issued a “hold” rating and a $120.00 price target on the stock. Finally, Piper Jaffray Companies upped their price target on shares of Cintas from $117.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, March 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $129.20.
A number of large investors have recently added to or reduced their stakes in the stock. Parasol Investment Management LLC boosted its stake in Cintas by 19.2% in the third quarter. Parasol Investment Management LLC now owns 1,054 shares of the business services provider’s stock valued at $119,000 after buying an additional 170 shares during the period. Van ECK Associates Corp boosted its stake in Cintas by 9.2% in the fourth quarter. Van ECK Associates Corp now owns 1,123 shares of the business services provider’s stock valued at $130,000 after buying an additional 95 shares during the period. Quadrant Capital Group LLC boosted its stake in Cintas by 6.6% in the third quarter. Quadrant Capital Group LLC now owns 1,203 shares of the business services provider’s stock valued at $132,000 after buying an additional 74 shares during the period. Gideon Capital Advisors Inc. bought a new stake in Cintas during the fourth quarter valued at about $214,000. Finally, Osborn Williams & Donohoe LLC bought a new stake in Cintas during the fourth quarter valued at about $223,000. 66.28% of the stock is owned by institutional investors.
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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