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CINCINNATI—Jim Rozakis, Executive Vice President and Chief Operating Officer of Cintas Corp (NASDAQ:CTAS), recently sold shares of the company in a transaction that took place on April 7, 2025. The sale comes as the stock, currently valued at $82.37 billion by market capitalization, has experienced an 8.89% decline over the past week. According to a filing with the Securities and Exchange Commission, Rozakis sold 2,000 shares of Cintas common stock at a price of $190.37 per share, totaling approximately $380,740.
Following this sale, Rozakis holds 256,528 shares directly. Additionally, he maintains 2,784 shares indirectly through a 401(k) plan. This transaction comes after Cintas Corporation completed a four-for-one stock split on September 4, 2024, which has been reflected in the adjusted share amounts.
In other recent news, Cintas Corporation announced a quarterly cash dividend of $0.39 per share, continuing its 41-year streak of annual dividend increases. The company has also reported a transition in its executive team, with Scott Garula set to become the new Chief Financial Officer following the retirement of Mike Hansen. This change is part of a strategic succession plan aimed at maintaining leadership continuity. In financial updates, RBC Capital maintained its Sector Perform rating for Cintas, citing a 7.9% organic revenue growth and strong incremental margins. UBS raised its price target for Cintas to $240, maintaining a Buy rating, reflecting confidence in the company's growth prospects and margin expansion.
Truist Securities also increased its price target to $230, following better-than-expected third-quarter results and a slight upward adjustment in fiscal year 2025 revenue and earnings per share guidance. The company has concluded its pursuit of acquiring UniFirst (NYSE:UNF) Corporation after determining that further negotiations were unnecessary due to the controlling family's stance. These developments highlight Cintas' strategic focus on smaller acquisitions and potential share buybacks. The company's recent performance and adjustments in financial guidance underscore its resilience and adaptability in the current economic climate.
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