Insider Selling: James Phillip Holloman Unloads 6,115 Shares of Cintas Stock (CTAS)
Cintas (NASDAQ:CTAS) COO James Phillip Holloman sold 6,115 shares of Cintas stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $65.64, for a total value of $401,388.60. Following the completion of the transaction, the chief operating officer now directly owns 91,100 shares of the company’s stock, valued at approximately $5,979,804. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on CTAS shares. Analysts at Zacks reiterated a “neutral” rating on shares of Cintas in a research note on Friday, July 18th. They now have a $67.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Cintas in a research note on Thursday, July 17th. They now have a $69.00 price target on the stock, up previously from $65.00. Finally, analysts at Bank of America reiterated a “positive” rating on shares of Cintas in a research note on Wednesday, July 16th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Cintas presently has an average rating of “Buy” and a consensus target price of $63.86.
Shares of Cintas (NASDAQ:CTAS) traded up 0.69% on Monday, hitting $65.83. 775,774 shares of the company’s stock traded hands. Cintas has a 1-year low of $47.64 and a 1-year high of $65.86. The stock’s 50-day moving average is $63.81 and its 200-day moving average is $60.86. The company has a market cap of $7.663 billion and a price-to-earnings ratio of 21.44.
Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts predict that Cintas will post $3.09 earnings per share for the current fiscal year.
Cintas Corporation (NASDAQ:CTAS) provides specialized products and services to businesses of all types throughout the North America, Latin America, Europe and Asia.
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