Cintas Co. (NASDAQ:CTAS) CFO J. Michael Hansen sold 5,477 shares of Cintas stock in a transaction on Thursday, March 23rd. The stock was sold at an average price of $125.72, for a total value of $688,568.44. Following the sale, the chief financial officer now owns 40,974 shares of the company’s stock, valued at $5,151,251.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Cintas Co. (NASDAQ:CTAS) opened at 126.20 on Wednesday. Cintas Co. has a 12-month low of $87.27 and a 12-month high of $128.85. The company has a 50 day moving average price of $119.67 and a 200 day moving average price of $114.89. The company has a market capitalization of $13.28 billion, a P/E ratio of 26.17 and a beta of 0.87.
Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 22nd. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.04. Cintas had a return on equity of 24.80% and a net margin of 10.37%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the company earned $1.05 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. Equities analysts anticipate that Cintas Co. will post $4.60 EPS for the current year.
Large investors have recently modified their holdings of the company. Artisan Partners Limited Partnership raised its stake in shares of Cintas by 385.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 970,364 shares of the company’s stock valued at $112,135,000 after buying an additional 770,364 shares during the period. Norges Bank acquired a new stake in shares of Cintas during the fourth quarter valued at $66,269,000. Congress Asset Management Co. MA acquired a new stake in shares of Cintas during the fourth quarter valued at $63,718,000. State Street Corp raised its stake in shares of Cintas by 7.3% in the fourth quarter. State Street Corp now owns 4,848,925 shares of the company’s stock valued at $560,339,000 after buying an additional 331,710 shares during the period. Finally, FMR LLC raised its stake in shares of Cintas by 31.5% in the fourth quarter. FMR LLC now owns 1,151,533 shares of the company’s stock valued at $133,072,000 after buying an additional 275,531 shares during the period. 66.28% of the stock is currently owned by institutional investors and hedge funds.
CTAS has been the subject of several research analyst reports. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a research report on Monday, December 19th. Deutsche Bank AG initiated coverage on Cintas in a report on Wednesday, February 22nd. They issued a “hold” rating and a $120.00 price objective for the company. William Blair restated an “outperform” rating on shares of Cintas in a report on Wednesday, January 18th. Finally, Stifel Nicolaus lifted their price objective on Cintas from $118.00 to $123.00 and gave the company a “hold” rating in a report on Tuesday, December 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $129.20.
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.