Cintas Corporation (CTAS) Director Gerald S. Adolph Sells 2,000 Shares
Cintas Corporation (NASDAQ:CTAS) Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $133.69, for a total value of $267,380.00. Following the completion of the sale, the director now owns 13,135 shares in the company, valued at $1,756,018.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Cintas Corporation (NASDAQ:CTAS) traded down 0.57% during trading on Thursday, reaching $132.58. The company’s stock had a trading volume of 27,980 shares. The stock has a market cap of $13.98 billion, a P/E ratio of 30.22 and a beta of 0.84. Cintas Corporation has a 1-year low of $102.07 and a 1-year high of $139.74. The company’s 50 day moving average price is $130.71 and its 200-day moving average price is $124.45.
Cintas Corporation (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by $0.30. Cintas Corporation had a net margin of 8.90% and a return on equity of 23.38%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the business posted $1.08 EPS. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. Equities analysts forecast that Cintas Corporation will post $5.23 earnings per share for the current fiscal year.
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Several institutional investors have recently modified their holdings of CTAS. Teachers Advisors LLC raised its position in shares of Cintas Corporation by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 98,790 shares of the business services provider’s stock valued at $11,416,000 after buying an additional 4,314 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Cintas Corporation by 99.0% in the fourth quarter. Macquarie Group Ltd. now owns 6,895 shares of the business services provider’s stock valued at $796,000 after buying an additional 3,431 shares during the last quarter. Gulf International Bank UK Ltd raised its position in shares of Cintas Corporation by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 27,367 shares of the business services provider’s stock valued at $3,463,000 after buying an additional 330 shares during the last quarter. National Pension Service acquired a new position in shares of Cintas Corporation during the first quarter valued at about $10,587,000. Finally, Atria Investments LLC raised its position in shares of Cintas Corporation by 1.1% in the first quarter. Atria Investments LLC now owns 2,892 shares of the business services provider’s stock valued at $366,000 after buying an additional 32 shares during the last quarter. Institutional investors own 67.55% of the company’s stock.
A number of analysts have weighed in on the company. Zacks Investment Research cut Cintas Corporation from a “buy” rating to a “hold” rating in a research report on Monday, June 5th. BidaskClub cut Cintas Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Morgan Stanley reiterated an “underweight” rating and issued a $117.00 price target (up from $107.00) on shares of Cintas Corporation in a research report on Tuesday, July 25th. Nomura cut Cintas Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus upped their price target on Cintas Corporation from $123.00 to $136.00 and gave the company a “hold” rating in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Cintas Corporation presently has an average rating of “Hold” and a consensus price target of $133.42.
About Cintas Corporation
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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