World Investment Advisors Purchases 2,608 Shares of Cintas Corporation (NASDAQ:CTAS)

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

A number of other large investors also recently modified their holdings of the business. Cyrus J. Lawrence LLC acquired a new stake in Cintas in the 4th quarter valued at about $29,000. IAG Wealth Partners LLC lifted its stake in 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 purchasing an additional 104 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in 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 purchasing an additional 134 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Cintas in the 4th quarter valued at about $37,000. Finally, VSM Wealth Advisory LLC acquired a new stake in Cintas in the 4th quarter valued at about $40,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CTAS shares. Truist Financial raised their price objective on shares of Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. The Goldman Sachs Group raised their price objective on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Redburn Atlantic downgraded shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective for the company. in a research report on Thursday, May 1st. Royal Bank Of Canada restated a "sector perform" rating and set a $240.00 price objective (up from $215.00) on shares of Cintas in a research report on Monday, June 9th. Finally, Argus upgraded shares of Cintas to a "strong-buy" rating in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $219.58.

Cintas Stock Performance

Shares of CTAS traded down $0.08 during mid-day trading on Thursday, hitting $216.56. 1,002,129 shares of the company's stock were exchanged, compared to its average volume of 1,667,488. The stock's 50-day simple moving average is $220.42 and its 200-day simple moving average is $206.51. The firm has a market cap of $87.44 billion, a price-to-earnings ratio of 50.16, a price-to-earnings-growth ratio of 3.36 and a beta of 1.05. 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 Corporation has a 52 week low of $177.33 and a 52 week high of $229.24.

Insider Transactions at Cintas

In related news, Director Ronald W. Tysoe sold 8,521 shares of Cintas stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $208.96, for a total value of $1,780,548.16. Following the transaction, the director directly owned 27,029 shares of the company's stock, valued at $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 SEC, which is available through this link. 15.00% of the stock is owned by company insiders.

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.