Capital Investment Advisory Services LLC Takes Position in Cintas Corporation (NASDAQ:CTAS)

Capital Investment Advisory Services LLC purchased a new position in Cintas Corporation (NASDAQ:CTAS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,952 shares of the business services provider's stock, valued at approximately $812,000.

A number of other large investors have also recently modified their holdings of CTAS. Cyrus J. Lawrence LLC bought a new stake in Cintas during the fourth quarter worth about $29,000. IAG Wealth Partners LLC boosted its stake in Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock worth $33,000 after acquiring an additional 104 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Cintas by 239.3% during the fourth quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock worth $35,000 after acquiring an additional 134 shares in the last quarter. OFI Invest Asset Management bought a new stake in Cintas during the fourth quarter worth about $37,000. Finally, VSM Wealth Advisory LLC purchased a new position in Cintas in the fourth quarter worth about $40,000. Institutional investors own 63.46% of the company's stock.

Cintas Price Performance

Shares of CTAS traded up $1.01 during mid-day trading on Wednesday, reaching $216.30. The stock had a trading volume of 490,301 shares, compared to its average volume of 1,666,725. The firm has a market cap of $87.34 billion, a price-to-earnings ratio of 50.10, a PEG ratio of 3.39 and a beta of 1.05. Cintas Corporation has a 12 month low of $177.33 and a 12 month high of $229.24. The business has a fifty day moving average of $220.32 and a 200 day moving average of $206.44. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.72.

Insider Buying and Selling at Cintas

In related news, Director Ronald W. Tysoe sold 8,521 shares of the company's stock in a transaction 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 completion of the transaction, the director owned 27,029 shares in the company, valued at approximately $5,647,979.84. This 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 this hyperlink. Corporate insiders own 15.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CTAS. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $240.00 target price (up from $215.00) on shares of Cintas in a report on Monday, June 9th. Argus raised shares of Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Truist Financial lifted their target price on shares of Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. The Goldman Sachs Group boosted their price objective on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, 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 report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $219.58.

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.