U.S. Capital Wealth Advisors LLC Sells 1,579 Shares of Cintas Corporation (NASDAQ:CTAS)

U.S. Capital Wealth Advisors LLC lowered its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 7.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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.

A number of other hedge funds also recently modified their holdings of the business. MJP Associates Inc. ADV increased its stake in shares of Cintas by 2.1% in the fourth quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider's stock worth $441,000 after acquiring an additional 50 shares during the last quarter. TIAA Trust National Association increased its stake in shares of Cintas by 1.0% in the fourth quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider's stock worth $983,000 after acquiring an additional 52 shares during the last quarter. Wellspring Financial Advisors LLC increased its stake in shares of Cintas by 4.6% in the fourth quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider's stock worth $214,000 after acquiring an additional 52 shares during the last quarter. Johnson Financial Group Inc. increased its stake in shares of Cintas by 7.7% in the fourth quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider's stock worth $146,000 after acquiring an additional 52 shares during the last quarter. Finally, Portside Wealth Group LLC increased its stake in shares of Cintas by 4.2% in the first quarter. Portside Wealth Group LLC now owns 1,314 shares of the business services provider's stock worth $270,000 after acquiring an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Stock Performance

Shares of NASDAQ CTAS traded down $2.25 during mid-day trading on Tuesday, hitting $215.29. The company had a trading volume of 1,454,012 shares, compared to its average volume of 1,746,180. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.72 and a quick ratio of 1.50. The business's 50-day simple moving average is $220.20 and its 200-day simple moving average is $206.38. Cintas Corporation has a 12 month low of $177.33 and a 12 month high of $229.24. The firm has a market cap of $86.93 billion, a P/E ratio of 49.86, a PEG ratio of 3.42 and a beta of 1.05.

Insider Buying and Selling at Cintas

In related news, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction dated 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 completion of the sale, the director owned 27,029 shares in the company, valued at approximately $5,647,979.84. This trade represents a 23.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 27th. The Goldman Sachs Group upped their price target on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Argus raised shares of Cintas to a "strong-buy" rating in a research report on Wednesday, April 16th. UBS Group increased their target price on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Finally, Bank of America assumed coverage on shares of Cintas in a research report on Thursday, April 10th. They set a "buy" rating and a $250.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $219.58.

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.