Cintas Corporation (NASDAQ:CTAS) Stock Holdings Boosted by World Investment Advisors

World Investment Advisors increased its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 27.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,096 shares of the business services provider's stock after buying an additional 2,608 shares during the quarter. World Investment Advisors' holdings in Cintas were worth $2,486,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. raised its position in shares of Cintas by 26.7% in the 4th quarter. Ameriprise Financial Inc. now owns 2,228,609 shares of the business services provider's stock worth $407,163,000 after buying an additional 468,950 shares during the period. Alpine Global Management LLC purchased a new position in shares of Cintas in the 4th quarter worth $284,000. Treasurer of the State of North Carolina raised its position in shares of Cintas by 12.3% in the 4th quarter. Treasurer of the State of North Carolina now owns 170,182 shares of the business services provider's stock worth $31,092,000 after buying an additional 18,620 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Cintas by 97.6% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 7,470 shares of the business services provider's stock worth $1,365,000 after buying an additional 3,690 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Cintas by 5.7% in the 4th quarter. Bank of Montreal Can now owns 575,491 shares of the business services provider's stock worth $105,142,000 after buying an additional 30,811 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cintas

In related news, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly 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 filing with the SEC, which is available through the SEC website. 15.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Argus raised Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Bank of America assumed coverage on Cintas in a report on Thursday, April 10th. They issued a "buy" rating and a $250.00 price target for the company. Redburn Atlantic downgraded Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target for the company. in a report on Thursday, May 1st. Royal Bank Of Canada reissued a "sector perform" rating and issued a $240.00 price target (up previously from $215.00) on shares of Cintas in a report on Monday, June 9th. Finally, Truist Financial increased their price target on Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Cintas has a consensus rating of "Hold" and an average price target of $219.58.

Cintas Stock Performance

Shares of NASDAQ:CTAS traded down $1.82 during trading on Monday, hitting $217.54. 1,385,480 shares of the company traded hands, compared to its average volume of 1,669,499. Cintas Corporation has a one year low of $176.60 and a one year high of $229.24. The stock has a market capitalization of $87.84 billion, a price-to-earnings ratio of 50.39, a PEG ratio of 3.42 and a beta of 1.05. The business's fifty day moving average is $220.01 and its 200-day moving average is $206.16. The company has a quick ratio of 1.50, a current ratio of 1.72 and a debt-to-equity ratio of 0.44.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 15th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Thursday, May 15th. Cintas's dividend payout ratio (DPR) is 36.11%.

Cintas Company 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.