1,840 Shares in Cintas Corporation (NASDAQ:CTAS) Bought by Flossbach Von Storch SE

Flossbach Von Storch SE bought a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,840 shares of the business services provider's stock, valued at approximately $378,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTAS. Brighton Jones LLC raised its position in Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock worth $232,000 after buying an additional 108 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in Cintas by 0.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider's stock worth $93,969,000 after buying an additional 3,504 shares in the last quarter. Assetmark Inc. grew its holdings in Cintas by 21.6% during the 4th quarter. Assetmark Inc. now owns 8,928 shares of the business services provider's stock valued at $1,631,000 after buying an additional 1,585 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Cintas in the fourth quarter valued at $295,000. Finally, OFI Invest Asset Management purchased a new position in Cintas in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Redburn Atlantic lowered shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective for the company. in a research note on Thursday, May 1st. Robert W. Baird increased their price objective on Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a report on Thursday, March 27th. Morgan Stanley increased their price objective on shares of Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research report on Thursday, March 27th. Truist Financial increased 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. Finally, Bank of America began coverage on Cintas in a research note on Thursday, April 10th. They issued a "buy" rating and a $250.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $219.58.

Cintas Stock Down 0.0%

Cintas stock traded down $0.08 during mid-day trading on Thursday, reaching $216.56. 1,002,195 shares of the company's stock were exchanged, compared to its average volume of 1,669,764. The company has a market cap of $87.44 billion, a P/E ratio of 50.16, a P/E/G ratio of 3.38 and a beta of 1.05. Cintas Corporation has a twelve month low of $178.42 and a twelve month high of $229.24. 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 company has a fifty day moving average of $220.56 and a 200-day moving average of $206.71.

Insider Buying and Selling

In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of Cintas stock in a transaction on Monday, April 14th. The shares were sold at an average price of $208.96, for a total value of $1,780,548.16. Following the transaction, the director directly owned 27,029 shares in the company, valued at approximately $5,647,979.84. The trade was a 23.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 15.00% of the stock is currently owned by company insiders.

Cintas 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.