A Director at Cintas Corp (NASDAQ: CTAS) is Selling Shares

By Carrie Williams

Today, a Director at Cintas Corp (CTASResearch Report), Joseph Scaminace, sold shares of CTAS for $1.39M.

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Based on Cintas Corp’s latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $1.68 billion and quarterly net profit of $198 million. In comparison, last year the company earned revenue of $1.59 billion and had a net profit of $290 million. CTAS’s market cap is $23.39B and the company has a P/E ratio of 29.27. Currently, Cintas Corp has an average volume of 84.51K.

Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $208.33, reflecting a -4.6% downside.

In the last 30 days, insiders have sold $1.39M worth of CTAS shares and purchased $173.4K worth of CTAS shares. The insider sentiment on Cintas Corp has been negative according to 40 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Joseph Scaminace’s trades have generated a -0.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.