Flossbach Von Storch SE Takes Position in Cintas Corporation (NASDAQ:CTAS)

Flossbach Von Storch SE purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,840 shares of the business services provider's stock, valued at approximately $378,000.

Other large investors have also made changes to their positions in the company. Cyrus J. Lawrence LLC acquired a new stake in shares of Cintas during the fourth quarter valued at approximately $29,000. IAG Wealth Partners LLC raised its holdings in shares of Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock valued at $33,000 after acquiring an additional 104 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Cintas by 239.3% during the fourth quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock valued at $35,000 after acquiring an additional 134 shares during the period. OFI Invest Asset Management purchased a new position in Cintas during the fourth quarter valued at approximately $37,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in Cintas by 646.4% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock valued at $43,000 after purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wells Fargo & Company raised 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 research report on Tuesday, July 1st. UBS Group boosted their price objective on shares of Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Redburn Atlantic downgraded shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective on the stock. in a research report on Thursday, May 1st. The Goldman Sachs Group boosted their price objective 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, Truist Financial boosted their price objective on shares of Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $219.58.

Insider Activity

In related news, Director Ronald W. Tysoe sold 8,521 shares of the company's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the completion of the transaction, the director directly owned 27,029 shares in the company, valued at $5,647,979.84. This represents a 23.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 15.00% of the company's stock.

Cintas Stock Down 0.5%

CTAS stock traded down $1.12 during trading hours on Friday, hitting $215.44. The company's stock had a trading volume of 1,035,324 shares, compared to its average volume of 1,670,659. The company has a quick ratio of 1.50, a current ratio of 1.72 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average price of $220.63 and a two-hundred day moving average price of $207.03. The company has a market capitalization of $86.99 billion, a PE ratio of 49.90, a price-to-earnings-growth ratio of 3.36 and a beta of 1.05. Cintas Corporation has a 12 month low of $178.42 and a 12 month high of $229.24.

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.