Cintas Corp (CTAS): Paul F. Adler , Treasurer of Cintas Corp sold 160 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $89.58 per share for a total value of $14,332.80 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 14, 2016, James Phillip Holloman (President and COO) sold 19,376 shares at $90.49 per share price.On Feb 3, 2016, Ronald W Tysoe (director) sold 7,008 shares at $86.39 per share price.Also, On Aug 13, 2015, Thomas E Frooman (VP, Secretary & Gen. Counsel) sold 6,079 shares at $87.01 per share price.On Aug 7, 2015, J. Michael Hansen (VP & CFO) sold 1,055 shares at $87.75 per share price.
Cintas Corporation: On Wednesday, May 4, 2016 heightened volatility was witnessed in Cintas Corporation which led to swings in the share price. The shares opened for trading at $89.55 and hit $90.13 on the upside , eventually ending the session at $89.84, with a gain of 0.26% or 0.23 points. The heightened volatility saw the trading volume jump to 4,47,539 shares. The 52-week high of the share price is $94.348 and the company has a market cap of $9,613 M . The 52-week low of the share price is at $78.
Company has been under the radar of several Street Analysts.Cintas Corporation is Initiated by Nomura to Buy and the brokerage firm has set the Price Target at $102. The Rating was issued on Apr 20, 2016.Cintas Corporation is Upgraded by KeyBanc Capital Mkts to Overweight. Earlier the firm had a rating of Sector Weight on the company shares. The Rating was issued on Apr 13, 2016.Cintas Corporation is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 92 from a previous price target of $94 . The Rating was issued on Mar 23, 2016.Cintas Corporation is Initiated by Sterne Agee CRT to Neutral. The Rating was issued on Mar 22, 2016.Cintas Corporation is Downgraded by Morgan Stanley to Underweight. Earlier the firm had a rating of Equal-Weight on the company shares. The Rating was issued on Feb 17, 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 Company’s 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 Company’s Uniform Direct Sales segment consists of the direct sale of uniforms and related items. The Company’s First Aid Safety and Fire Protection Services segment consists of first aid safety and fire protection products and services.