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

U.S. Capital Wealth Advisors LLC decreased its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cyrus J. Lawrence LLC bought a new position in Cintas in the fourth quarter valued at about $29,000. IAG Wealth Partners LLC boosted its holdings in Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock valued at $33,000 after acquiring an additional 104 shares during the last quarter. Meeder Asset Management Inc. boosted 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. OFI Invest Asset Management bought a new position in Cintas in the fourth quarter valued at about $37,000. Finally, VSM Wealth Advisory LLC bought a new position in Cintas in the fourth quarter valued at about $40,000. Institutional investors own 63.46% of the company's stock.

Analyst Ratings Changes

CTAS has been the topic of several analyst reports. Morgan Stanley increased their target price on Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research note on Thursday, March 27th. UBS Group increased their target price on Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Wells Fargo & Company raised Cintas from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. Truist Financial raised their price target on Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Finally, Redburn Atlantic lowered Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target on the stock. in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $219.58.

Insiders Place Their Bets

In related news, Director Ronald W. Tysoe sold 8,521 shares of the business's stock in a transaction 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 sale, the director owned 27,029 shares in the company, valued at $5,647,979.84. The trade was a 23.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 15.00% of the stock is owned by corporate insiders.

Cintas Price Performance

NASDAQ CTAS traded up $1.35 during midday trading on Wednesday, hitting $216.64. The company had a trading volume of 1,066,352 shares, compared to its average volume of 1,670,148. The company has a current ratio of 1.72, a quick ratio of 1.50 and a debt-to-equity ratio of 0.44. Cintas Corporation has a twelve month low of $177.33 and a twelve month high of $229.24. The company has a market capitalization of $87.48 billion, a PE ratio of 50.18, a P/E/G ratio of 3.36 and a beta of 1.05. The firm has a 50-day moving average price of $220.32 and a 200-day moving average price of $206.44.

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.