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Avantax buys more Cintas shares as the company reports higher earnings and revenue growth.
Avantax Advisory Services Inc. increased its stake in Cintas Corporation by 9.8%, purchasing 2,188 shares, bringing its total to 24,612 shares valued at $5,058,000.
Cintas, which provides corporate uniforms and services, reported $1.09 earnings per share, beating estimates by $0.02, and saw an 8% rise in revenue.
The company's market cap is $90.27 billion with a price-to-earnings ratio of 50.69.
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Avantax compra más acciones de Cintas a medida que la empresa reporta mayores ganancias y crecimiento de ingresos.