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

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

A number of other institutional investors have also added to or reduced their stakes in the stock. Cyrus J. Lawrence LLC acquired a new position in Cintas in the 4th quarter valued at approximately $29,000. IAG Wealth Partners LLC increased its position in Cintas by 136.8% in the 4th 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 period. Meeder Asset Management Inc. increased its position in Cintas by 239.3% in the 4th 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 period. OFI Invest Asset Management acquired a new position in Cintas in the 4th quarter valued at approximately $37,000. Finally, VSM Wealth Advisory LLC acquired a new position in Cintas in the 4th quarter valued at approximately $40,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Up 0.2%

NASDAQ CTAS traded up $0.53 on Thursday, hitting $217.17. 553,724 shares of the company were exchanged, compared to its average volume of 1,665,768. The company has a market cap of $87.69 billion, a PE ratio of 50.30, a PEG ratio of 3.36 and a beta of 1.05. Cintas Corporation has a 12 month low of $177.33 and a 12 month high of $229.24. The stock has a fifty day moving average of $220.42 and a 200-day moving average of $206.51. The company has a current ratio of 1.72, a quick ratio of 1.50 and a debt-to-equity ratio of 0.44.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of the company's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the transaction, the director owned 27,029 shares in the company, valued at approximately $5,647,979.84. This represents a 23.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 15.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CTAS. Wells Fargo & Company raised shares of Cintas from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. Morgan Stanley upped their price objective on shares of Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research note on Thursday, March 27th. Redburn Atlantic lowered shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective on the stock. in a research note on Thursday, May 1st. Robert W. Baird upped their price objective on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. Finally, Truist Financial upped their price objective on shares of Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $219.58.

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.