Apollon Wealth Management LLC boosted its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,523 shares of the business services provider's stock after buying an additional 2,695 shares during the period. Apollon Wealth Management LLC's holdings in Cintas were worth $7,712,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Cyrus J. Lawrence LLC acquired a new position in shares of Cintas during the 4th quarter worth approximately $29,000. Meeder Asset Management Inc. lifted its holdings in Cintas by 239.3% in the fourth quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock valued at $35,000 after acquiring an additional 134 shares during the last quarter. VSM Wealth Advisory LLC purchased a new position in Cintas in the fourth quarter worth approximately $40,000. Lee Danner & Bass Inc. acquired a new stake in Cintas during the fourth quarter worth $42,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in Cintas by 646.4% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock valued at $43,000 after purchasing an additional 181 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.
Cintas Stock Down 0.5%
Cintas stock opened at $215.44 on Monday. Cintas Corporation has a twelve month low of $178.42 and a twelve month high of $229.24. The stock has a 50 day moving average of $220.63 and a two-hundred day moving average of $207.18. The company has a current ratio of 1.72, a quick ratio of 1.50 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $86.99 billion, a price-to-earnings ratio of 49.90, a PEG ratio of 3.36 and a beta of 1.05.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on CTAS shares. Robert W. Baird upped their price target on Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. Argus upgraded Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Redburn Atlantic downgraded Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective on the stock. in a report on Thursday, May 1st. Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. Finally, The Goldman Sachs Group boosted 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $219.58.
Read Our Latest Stock Analysis on Cintas
About Cintas
(
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.
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