A Director at Cintas Corp is Exercising Options

By Carrie Williams

Today it was reported that a Director at Cintas Corp (CTASResearch Report), James J. Johnson, exercised options to sell 6,416 CTAS shares at $27.62 a share, for a total transaction value of $1.29M. The options were close to expired and James J. Johnson disposed stocks.

This is Johnson’s first transaction since reporting a Sell transaction on PG back in March 2006 In addition to James J. Johnson, 2 other CTAS executives reported Sell trades in the last month.

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Based on Cintas Corp’s latest earnings report for the quarter ending November 30, the company posted quarterly revenue of $1.72 billion and quarterly net profit of $240 million. In comparison, last year the company earned revenue of $1.61 billion and had a net profit of $136 million. CTAS’s market cap is $21.21B and the company has a P/E ratio of 23.99. Currently, Cintas Corp has an average volume of 452.2K.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $191.17, reflecting a -5.1% downside.

The insider sentiment on Cintas Corp has been negative according to 36 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Cintas Corp. engages in the provision and supply of corporate identity uniform programs. It operates through the following segments: Uniform Rental and Facility Services, First Aid and Safety Services, and All Other.