U.S. Capital Wealth Advisors LLC Has $4.06 Million Stock Position in Cintas Corporation (NASDAQ:CTAS)

U.S. Capital Wealth Advisors LLC trimmed its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 7.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,735 shares of the business services provider's stock after selling 1,579 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Cintas were worth $4,056,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crew Capital Management Ltd. grew its stake in Cintas by 5.8% during the first quarter. Crew Capital Management Ltd. now owns 5,822 shares of the business services provider's stock worth $1,197,000 after buying an additional 321 shares during the last quarter. Argentarii LLC grew its position in Cintas by 44.6% during the 1st quarter. Argentarii LLC now owns 7,327 shares of the business services provider's stock worth $1,506,000 after acquiring an additional 2,259 shares during the last quarter. McGlone Suttner Wealth Management Inc. increased its holdings in Cintas by 25.5% during the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 1,572 shares of the business services provider's stock valued at $323,000 after purchasing an additional 319 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in Cintas by 22.6% in the 1st quarter. Concurrent Investment Advisors LLC now owns 13,197 shares of the business services provider's stock valued at $2,712,000 after purchasing an additional 2,429 shares during the last quarter. Finally, World Investment Advisors boosted its stake in Cintas by 27.5% in the first quarter. World Investment Advisors now owns 12,096 shares of the business services provider's stock worth $2,486,000 after purchasing an additional 2,608 shares in the last quarter. Institutional investors own 63.46% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CTAS. Redburn Atlantic cut Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target on the stock. in a report on Thursday, May 1st. Argus raised shares of Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. Truist Financial increased their price target on Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Morgan Stanley boosted their price objective on shares of Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research report on Thursday, March 27th. Finally, Bank of America started coverage on Cintas in a research report on Thursday, April 10th. They set a "buy" rating and a $250.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Cintas currently has a consensus rating of "Hold" and a consensus price target of $219.58.

Insider Transactions at Cintas

In related news, Director Ronald W. Tysoe sold 8,521 shares of the business's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the transaction, the director directly owned 27,029 shares of the company's stock, valued at approximately $5,647,979.84. The trade was a 23.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.00% of the stock is owned by corporate insiders.

Cintas Stock Performance

Shares of Cintas stock traded down $1.56 during trading on Friday, hitting $215.00. 143,759 shares of the stock were exchanged, compared to its average volume of 1,663,787. 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 company has a fifty day moving average price of $220.56 and a 200-day moving average price of $206.71. The stock has a market capitalization of $86.81 billion, a price-to-earnings ratio of 49.83, a price-to-earnings-growth ratio of 3.38 and a beta of 1.05. Cintas Corporation has a 1-year low of $178.42 and a 1-year high of $229.24.

About Cintas

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.