Large Outflow of Money Witnessed in Cintas Corporation

Cintas Corporation (CTAS) traded higher in the last at $116.64, gaining 0.53 points or 0.46%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-3.19) million. The composite uptick value of $4.67 million was eclipsed by the accrued downtick value of $7.86 million, thereby ensuring the up/down ratio of 0.59. For the week, the shares have posted returns of -0.55%.A block trade registered during the day has revealed $0 million in upticks and $2.52 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-2.52) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Cintas Corporation has lost 1.63% in the last five trading days and dropped 0.61% in the last 4 weeks. Cintas Corporation is up 9.06% in the last 3-month period. Year-to-Date the stock performance stands at -0.61%. Cintas Corporation (NASDAQ:CTAS) witnessed a decline in the market cap on Wednesday as its shares dropped 1.09% or 1.26 points. After the session commenced at $115.8, the stock reached the higher end at $117.32 while it hit a low of $114.53. With the volume soaring to 774,562 shares, the last trade was called at $114.85. The company has a 52-week high of $122.21. The company has a market cap of $12,064 million and there are 105,039,128 shares in outstanding. The 52-week low of the share price is $80.22.

Company has reported several Insider transactions to the SEC, on Jul 27, 2016, Gerald S Adolph (director) sold 2,000 shares at 108.12 per share price.On May 4, 2016, Paul F. Adler (Treasurer) sold 160 shares at 89.58 per share price.On Apr 14, 2016, James Phillip Holloman (President and COO) sold 19,376 shares at 90.49 per share price.

Cintas Corporation Last issued its quarterly earnings results on Dec 22, 2016. The company reported $1.15 EPS for the quarter. Analyst had a consensus estimate of $1.15. The company had revenue of $1296.92 million for the quarter, compared to analysts expectations of $1292.20 million. The companys revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Stifel on Dec 20, 2016 to Hold, Raises Price Target to $ 123 from a previous price target of $118 .

Cintas Corp. provides a specialized service to businesses of all types – from small service and manufacturing companies to major corporations. The company is divided into two operating segments: Rentals and Other Services. The Rentals operating segment designs and manufactures corporate identity uniforms which it rents to its customers. The Other Services operating segment involves the design, manufacture and direct sale of uniforms to its customers as well as the sale of ancillary services including sanitation supplies, first aid products, and cleanroom supplies.


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