Large Outflow of Money Witnessed in Cintas Corporation

Cintas Corporation (NASDAQ:CTAS) managed to eke out gains of 0.06% in intraday trade. The share price increased by 0.06 points to $94.58. Till last observation, the net money flow was recorded at a negative $(-1.67) million. The total inflow of $0.39 million in upticks was completely overshadowed by an outflow of $2.06 million in downticks, giving the up/down ratio a value of 0.19. The shares have seen a change of -0.43% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $0 million and the composite value in downticks was $1.62 million. The resultant up/down ratio for the block exchange was 0. The block trade had a negative money flow of $(-1.62) million.


Currently the company Insiders own 17.7% of Cintas Corporation shares according to the proxy statements. Institutional Investors own 69.45% of Cintas Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -13.01%. On the companys insider trading activities, The director, of Cintas Corp, Adolph Gerald S had unloaded 1,000 shares at $90.21 per share in a transaction on May 5, 2016. The total value of transaction was $90,210. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Cintas Corporation (NASDAQ:CTAS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.41 points or 0.43% at $94.11 with 407,409 shares getting traded. Post opening the session at $93.8, the shares hit an intraday low of $93.6201 and an intraday high of $94.79 and the price was in this range throughout the day. The company has a market cap of $10,070 million and the number of outstanding shares have been calculated to be 107,003,201 shares. The 52-week high of Cintas Corporation (NASDAQ:CTAS) is $95.57 and the 52-week low is $78.

Many analysts have stated their opinion on the company shares. Nomura initiates coverage on Cintas Corporation (NASDAQ:CTAS).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Nomura announces the price target of $102 per share. The rating by the firm was issued on April 19, 2016.

Cintas Corporation provides products and services to businesses of all types. The Company 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, and first aid, safety and fire protection products and services. The Company has three segments: Rental Uniforms and Ancillary Products, Uniform Direct Sales, and First Aid, Safety and Fire Protection Services. The Companys Rental Uniforms and Ancillary Products segment consists of the rental and servicing of uniforms and other garments, including flame resistant clothing, mats, mops and shop towels and other ancillary items. The Companys Uniform Direct Sales segment consists of the direct sale of uniforms and related items. The Companys First Aid, Safety and Fire Protection Services segment consists of first aid, safety and fire protection products and services.

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