Brown Advisory Inc. Sells 171,218 Shares of Cintas Corporation (NASDAQ:CTAS)

Brown Advisory Inc. cut its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 11.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,305,783 shares of the business services provider's stock after selling 171,218 shares during the period. Brown Advisory Inc. owned 0.32% of Cintas worth $268,378,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CTAS. Cyrus J. Lawrence LLC purchased a new stake in shares of Cintas in the fourth quarter worth $29,000. IAG Wealth Partners LLC increased its stake in shares of Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock worth $33,000 after purchasing an additional 104 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of Cintas by 239.3% in the fourth quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock worth $35,000 after purchasing an additional 134 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Cintas in the fourth quarter worth $37,000. Finally, VSM Wealth Advisory LLC purchased a new position in Cintas during the fourth quarter valued at $40,000. 63.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CTAS has been the subject of several research analyst reports. The Goldman Sachs Group raised their target price on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. UBS Group lifted their price objective on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Redburn Atlantic cut 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. Argus raised shares of Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. Finally, Bank of America initiated coverage on shares of Cintas in a research note on Thursday, April 10th. They set a "buy" rating and a $250.00 price target for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $219.58.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of the business's stock in a transaction that occurred 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 sale, the director owned 27,029 shares of the company's stock, valued at approximately $5,647,979.84. The trade was a 23.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 15.00% of the company's stock.

Cintas Trading Down 0.8%

NASDAQ CTAS opened at $217.54 on Tuesday. 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 firm has a market cap of $87.84 billion, a PE ratio of 50.39, a price-to-earnings-growth ratio of 3.42 and a beta of 1.05. The company has a 50 day moving average price of $220.20 and a 200 day moving average price of $206.38. Cintas Corporation has a 52 week low of $176.60 and a 52 week high of $229.24.

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.

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