Callahan Advisors LLC trimmed its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,619 shares of the business services provider's stock after selling 2,397 shares during the period. Callahan Advisors LLC's holdings in Cintas were worth $6,910,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Cyrus J. Lawrence LLC acquired a new stake in shares of Cintas in the fourth quarter worth approximately $29,000. IAG Wealth Partners LLC raised its holdings in shares of Cintas by 136.8% in the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock valued at $33,000 after buying an additional 104 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Cintas by 239.3% in the 4th 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 period. VSM Wealth Advisory LLC purchased a new stake in shares of Cintas in the 4th quarter valued at $40,000. Finally, Lee Danner & Bass Inc. purchased a new stake in Cintas during the 4th quarter worth about $42,000. 63.46% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, Director Ronald W. Tysoe sold 8,521 shares of Cintas stock in a transaction on Monday, April 14th. The stock was sold at an average price of $208.96, for a total value of $1,780,548.16. Following the transaction, the director owned 27,029 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.00% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
CTAS has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Truist Financial increased their price objective on Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Bank of America initiated coverage on Cintas in a report on Thursday, April 10th. They issued a "buy" rating and a $250.00 price target for the company. Argus raised Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Finally, Wells Fargo & Company raised Cintas from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Cintas has a consensus rating of "Hold" and an average price target of $219.58.
View Our Latest Stock Analysis on CTAS
Cintas Price Performance
CTAS stock opened at $216.56 on Friday. Cintas Corporation has a 52-week low of $178.42 and a 52-week high of $229.24. The stock's fifty day simple moving average is $220.56 and its 200-day simple moving average is $206.71. 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 market capitalization of $87.44 billion, a price-to-earnings ratio of 50.16, a price-to-earnings-growth ratio of 3.38 and a beta of 1.05.
Cintas Company Profile
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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.
Further Reading

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