Insider Selling: Cintas Co. (CTAS) VP Sells 1,740 Shares of Stock

Cintas Co. (NASDAQ:CTAS) VP Thomas E. Frooman sold 1,740 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $201.79, for a total transaction of $351,114.60. Following the transaction, the vice president now directly owns 124,666 shares in the company, valued at $25,156,352.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Cintas stock traded up $2.38 during midday trading on Friday, reaching $203.79. The company had a trading volume of 523,745 shares, compared to its average volume of 516,683. 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 Co. has a 1-year low of $155.98 and a 1-year high of $217.34. The firm has a market cap of $21.16 billion, a P/E ratio of 34.31, a P/E/G ratio of 2.25 and a beta of 1.07.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 20th. The business services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.04. Cintas had a net margin of 14.10% and a return on equity of 24.87%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the business earned $1.31 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts expect that Cintas Co. will post 7.35 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CTAS. Lunia Capital LP acquired a new stake in Cintas during the 4th quarter worth $15,696,000. FMR LLC grew its holdings in Cintas by 15.9% during the 2nd quarter. FMR LLC now owns 2,507,776 shares of the business services provider’s stock worth $464,114,000 after acquiring an additional 344,359 shares during the period. AQR Capital Management LLC grew its holdings in Cintas by 210.5% during the 3rd quarter. AQR Capital Management LLC now owns 440,086 shares of the business services provider’s stock worth $87,053,000 after acquiring an additional 298,336 shares during the period. Waratah Capital Advisors Ltd. acquired a new stake in Cintas during the 4th quarter worth $40,285,000. Finally, Brown Advisory Inc. grew its holdings in Cintas by 13.7% during the 4th quarter. Brown Advisory Inc. now owns 1,894,686 shares of the business services provider’s stock worth $318,289,000 after acquiring an additional 228,596 shares during the period. 69.46% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on CTAS. Bank of America initiated coverage on shares of Cintas in a research note on Tuesday, October 23rd. They issued a “neutral” rating and a $200.00 target price for the company. BidaskClub upgraded shares of Cintas from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 24th. Northcoast Research restated a “neutral” rating on shares of Cintas in a research note on Friday, December 21st. Robert W. Baird cut their price target on shares of Cintas from $235.00 to $201.00 and set an “outperform” rating for the company in a research note on Friday, December 21st. Finally, Credit Suisse Group lowered their price target on shares of Cintas from $205.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, December 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Cintas has a consensus rating of “Buy” and a consensus price target of $190.77.

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About Cintas

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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