Callahan Advisors LLC Lowers Position in Cintas Corporation (NASDAQ:CTAS)

Callahan Advisors LLC trimmed its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 6.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 33,619 shares of the business services provider's stock after selling 2,397 shares during the quarter. Callahan Advisors LLC's holdings in Cintas were worth $6,910,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. MJP Associates Inc. ADV raised its holdings in shares of Cintas by 2.1% during the 4th quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider's stock worth $441,000 after buying an additional 50 shares in the last quarter. TIAA Trust National Association increased its holdings in Cintas by 1.0% in 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 in the last quarter. Wellspring Financial Advisors LLC increased its holdings in Cintas by 4.6% in 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 in the last quarter. Johnson Financial Group Inc. increased its holdings in Cintas by 7.7% in the 4th quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider's stock worth $146,000 after purchasing an additional 52 shares in the last quarter. Finally, Portside Wealth Group LLC increased its holdings in Cintas by 4.2% in the 1st quarter. Portside Wealth Group LLC now owns 1,314 shares of the business services provider's stock worth $270,000 after purchasing an additional 53 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Up 0.7%

Shares of Cintas stock traded up $1.46 on Monday, hitting $216.90. 922,920 shares of the company's stock traded hands, compared to its average volume of 1,667,670. Cintas Corporation has a one year low of $178.42 and a one year high of $229.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.72 and a quick ratio of 1.50. The company has a fifty day moving average of $220.63 and a two-hundred day moving average of $207.18. The company has a market capitalization of $87.58 billion, a price-to-earnings ratio of 50.24, a price-to-earnings-growth ratio of 3.36 and a beta of 1.05.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CTAS. Wells Fargo & Company raised Cintas from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $196.00 to $221.00 in a report on Tuesday, July 1st. JPMorgan Chase & Co. began coverage on Cintas in a report on Monday. They issued an "overweight" rating and a $239.00 target price for the company. Redburn Atlantic cut Cintas from a "neutral" rating to a "sell" rating and set a $171.00 target price for the company. in a report on Thursday, May 1st. Robert W. Baird upped their target price on Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a report on Thursday, March 27th. Finally, UBS Group increased their price target on Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $220.96.

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.