Crossmark Global Holdings Inc. Acquires 1,151 Shares of Cintas Corporation (NASDAQ:CTAS)

Crossmark Global Holdings Inc. boosted its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,332 shares of the business services provider's stock after acquiring an additional 1,151 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Cintas were worth $7,467,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cyrus J. Lawrence LLC bought a new stake in Cintas during the fourth quarter worth approximately $29,000. IAG Wealth Partners LLC boosted its position in Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock worth $33,000 after purchasing an additional 104 shares during the period. Meeder Asset Management Inc. boosted its position in Cintas by 239.3% during the fourth quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock worth $35,000 after purchasing an additional 134 shares during the period. OFI Invest Asset Management bought a new stake in Cintas during the fourth quarter worth approximately $37,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in Cintas by 646.4% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock worth $43,000 after purchasing an additional 181 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.

Insider Activity at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of the company's stock in a transaction dated 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 completion of the transaction, the director owned 27,029 shares of the company's stock, valued at $5,647,979.84. This represents a 23.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 15.00% of the company's stock.

Analysts Set New Price Targets

CTAS has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $240.00 target price (up previously from $215.00) on shares of Cintas in a research report on Monday, June 9th. Robert W. Baird upped their target price on Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. Morgan Stanley upped 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. Truist Financial increased their target price on Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Finally, The Goldman Sachs Group raised their price target on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $219.58.

Cintas Stock Performance

Shares of NASDAQ CTAS traded down $2.25 during midday trading on Tuesday, hitting $215.29. 1,454,012 shares of the company's stock were exchanged, compared to its average volume of 1,668,643. The company's 50 day moving average price is $220.20 and its 200 day moving average price is $206.38. The firm has a market capitalization of $86.93 billion, a PE ratio of 49.86, a price-to-earnings-growth ratio of 3.42 and a beta of 1.05. Cintas Corporation has a 12 month low of $176.60 and a 12 month high of $229.24. The company has a quick ratio of 1.50, a current ratio of 1.72 and a debt-to-equity ratio of 0.44.

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.