Rep. Jefferson Shreve Sells Cintas Corporation (NASDAQ:CTAS) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of Cintas Corporation NASDAQ: CTAS. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Cintas stock on May 8th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Cintas Price Performance

CTAS traded down $2.11 on Monday, hitting $221.45. 272,770 shares of the company's stock were exchanged, compared to its average volume of 1,713,402. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The company has a current ratio of 2.09, a quick ratio of 1.82 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $221.44 and a 200-day moving average price of $209.54. The stock has a market cap of $89.42 billion, a price-to-earnings ratio of 50.21, a P/E/G ratio of 3.51 and a beta of 1.05.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The company had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.63 billion. During the same quarter in the previous year, the company posted $3.99 EPS. The firm's quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current year.

Insider Buying and Selling at Cintas

In related news, Director Martin Mucci purchased 1,200 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The stock was purchased at an average cost of $222.55 per share, with a total value of $267,060.00. Following the completion of the acquisition, the director directly owned 2,621 shares in the company, valued at $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 15.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Cintas

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Boston Trust Walden Corp increased its stake in Cintas by 137.6% during the second quarter. Boston Trust Walden Corp now owns 3,478 shares of the business services provider's stock worth $775,000 after purchasing an additional 2,014 shares during the period. Morningstar Investment Management LLC acquired a new position in Cintas in the second quarter valued at approximately $692,000. Axxcess Wealth Management LLC boosted its holdings in Cintas by 7.6% in the second quarter. Axxcess Wealth Management LLC now owns 16,706 shares of the business services provider's stock valued at $3,723,000 after purchasing an additional 1,173 shares in the last quarter. Jag Capital Management LLC acquired a new stake in shares of Cintas in the second quarter valued at approximately $6,774,000. Finally, Cornerstone Wealth Group LLC acquired a new stake in shares of Cintas in the second quarter valued at approximately $208,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Bank of America began coverage on shares of Cintas in a research note on Thursday, April 10th. They set a "buy" rating and a $250.00 target price on the stock. Redburn Atlantic cut shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target on the stock. in a research report on Thursday, May 1st. Argus raised shares of Cintas to a "strong-buy" rating in a research report on Wednesday, April 16th. The Goldman Sachs Group boosted their price target on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company upgraded shares of Cintas from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $224.54.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Cintas Company Profile

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.