Envestnet Asset Management Inc. Has $151.83 Million Stock Holdings in Cintas Corporation (NASDAQ:CTAS)

Envestnet Asset Management Inc. decreased its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 738,741 shares of the business services provider's stock after selling 9,583 shares during the period. Envestnet Asset Management Inc. owned approximately 0.18% of Cintas worth $151,833,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in CTAS. Cyrus J. Lawrence LLC bought a new position in shares of Cintas during the 4th quarter valued at about $29,000. IAG Wealth Partners LLC boosted its position in shares of Cintas by 136.8% during 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 in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Cintas by 239.3% during 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 in the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Cintas in the fourth quarter worth about $40,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Cintas in the fourth quarter worth about $42,000. Institutional investors own 63.46% of the company's stock.

Cintas Trading Down 0.5%

Shares of CTAS stock traded down $1.12 on Friday, reaching $215.44. The company had a trading volume of 1,035,324 shares, compared to its average volume of 1,668,254. 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 cap of $86.99 billion, a PE ratio of 49.90, a PEG ratio of 3.38 and a beta of 1.05. The company has a 50-day moving average of $220.63 and a 200-day moving average of $206.90. Cintas Corporation has a 12 month low of $178.42 and a 12 month high of $229.24.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several recent analyst reports. Bank of America started coverage on shares of Cintas in a report on Thursday, April 10th. They issued a "buy" rating and a $250.00 target price for the company. UBS Group raised their price target on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. The Goldman Sachs Group lifted their target price on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Argus upgraded shares of Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. Finally, Redburn Atlantic cut shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 target price for the company. in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $219.58.

Insider Buying and Selling 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 stock was 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. The trade was a 23.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 15.00% of the company's stock.

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.