Axxcess Wealth Management LLC raised its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 27.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,533 shares of the business services provider's stock after buying an additional 3,322 shares during the period. Axxcess Wealth Management LLC's holdings in Cintas were worth $3,192,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. MJP Associates Inc. ADV increased its position in shares of Cintas by 2.1% in the 4th quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider's stock valued at $441,000 after acquiring an additional 50 shares during the period. TIAA Trust National Association grew its position in Cintas by 1.0% during the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider's stock worth $983,000 after purchasing an additional 52 shares during the period. Wellspring Financial Advisors LLC grew its position in Cintas by 4.6% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider's stock worth $214,000 after purchasing an additional 52 shares during the period. Johnson Financial Group Inc. boosted its stake in shares of Cintas by 7.7% during the 4th quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider's stock worth $146,000 after acquiring an additional 52 shares in the last quarter. Finally, Portside Wealth Group LLC boosted its stake in shares of Cintas by 4.2% during the 1st quarter. Portside Wealth Group LLC now owns 1,314 shares of the business services provider's stock worth $270,000 after acquiring an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the company. Morgan Stanley increased their price objective on Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research note on Thursday, March 27th. UBS Group lifted their target price on shares of Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Robert W. Baird boosted their price target on shares of Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a research note on Thursday, March 27th. Argus upgraded shares of Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $240.00 target price (up previously from $215.00) on shares of Cintas in a research note on Monday, June 9th. Two investment analysts have rated the stock with a sell rating, seven have given 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.com, the company has an average rating of "Hold" and an average price target of $219.58.
Get Our Latest Research Report on CTAS
Insider Activity
In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction dated 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 sale, the director owned 27,029 shares of the company's stock, valued at $5,647,979.84. This represents a 23.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.00% of the stock is owned by company insiders.
Cintas Stock Performance
Shares of NASDAQ CTAS traded down $0.08 during midday trading on Thursday, hitting $216.56. The company's stock had a trading volume of 1,002,195 shares, compared to its average volume of 1,669,764. Cintas Corporation has a 1-year low of $178.42 and a 1-year high of $229.24. The firm's fifty day moving average price is $220.42 and its 200-day moving average price is $206.51. 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 cap of $87.44 billion, a P/E ratio of 50.16, a P/E/G ratio of 3.36 and a beta of 1.05.
Cintas Company Profile
(
Free Report)
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.
See Also
Before you consider Cintas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cintas wasn't on the list.
While Cintas currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
