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

Flossbach Von Storch SE acquired a new position 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. The fund acquired 1,840 shares of the business services provider's stock, valued at approximately $378,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cyrus J. Lawrence LLC purchased a new stake in shares of Cintas during the fourth quarter worth $29,000. IAG Wealth Partners LLC increased its stake in Cintas by 136.8% in 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 last quarter. Meeder Asset Management Inc. grew its stake 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 buying an additional 134 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Cintas during the fourth quarter valued at about $37,000. Finally, VSM Wealth Advisory LLC bought a new position in shares of Cintas during the fourth quarter valued at about $40,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cintas

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

Cintas Trading Down 0.5%

Cintas stock traded down $1.12 during trading hours on Friday, reaching $215.44. 1,035,324 shares of the company's stock traded hands, compared to its average volume of 1,667,236. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.72. The firm has a market capitalization of $86.99 billion, a price-to-earnings ratio of 49.90, a PEG ratio of 3.38 and a beta of 1.05. The firm's 50 day moving average is $220.56 and its 200-day moving average is $206.71. Cintas Corporation has a fifty-two week low of $178.42 and a fifty-two week high of $229.24.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several research analyst reports. Royal Bank Of Canada restated a "sector perform" rating and issued a $240.00 price objective (up from $215.00) on shares of Cintas in a report on Monday, June 9th. Redburn Atlantic downgraded shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective for the company. in a research report on Thursday, May 1st. Bank of America started 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. Wells Fargo & Company upgraded shares of Cintas from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $196.00 to $221.00 in a research note on Tuesday, July 1st. Finally, Argus upgraded shares of Cintas to a "strong-buy" rating in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $219.58.

About Cintas

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.