Cintas Co. (NASDAQ:CTAS) VP Thomas E. Frooman sold 2,415 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $207.81, for a total value of $501,861.15. Following the completion of the sale, the vice president now directly owns 122,251 shares of the company’s stock, valued at approximately $25,404,980.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of CTAS opened at $206.37 on Friday. The company has a market cap of $21.57 billion, a price-to-earnings ratio of 28.27, a P/E/G ratio of 2.27 and a beta of 1.08. Cintas Co. has a 52 week low of $155.98 and a 52 week high of $217.34. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.99 and a quick ratio of 1.70.
Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, March 21st. The business services provider reported $1.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.13. The company had revenue of $1.68 million for the quarter, compared to analyst estimates of $1.69 billion. Cintas had a return on equity of 25.95% and a net margin of 12.44%. The company’s revenue for the quarter was down 99.9% on a year-over-year basis. During the same quarter last year, the company earned $1.37 earnings per share. Analysts expect that Cintas Co. will post 7.46 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTAS. Nelson Roberts Investment Advisors LLC purchased a new position in Cintas during the 4th quarter worth $25,000. Capital Financial Planning LLC bought a new stake in shares of Cintas in the 4th quarter worth $29,000. Lindbrook Capital LLC purchased a new stake in shares of Cintas in the fourth quarter valued at about $105,000. ETF Managers Group LLC raised its holdings in shares of Cintas by 18.2% in the fourth quarter. ETF Managers Group LLC now owns 778 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 120 shares during the last quarter. Finally, Truehand Inc bought a new position in shares of Cintas during the fourth quarter valued at about $168,000. 67.06% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on CTAS. Morgan Stanley upped their target price on Cintas from $163.00 to $172.00 and gave the stock an “underweight” rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. lifted their price target on shares of Cintas from $210.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Zacks Investment Research downgraded shares of Cintas from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. BidaskClub lowered shares of Cintas from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Finally, ValuEngine upgraded shares of Cintas from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $194.45.
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Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.
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