Cwm LLC Has $5.37 Million Stock Holdings in Cintas Corporation (NASDAQ:CTAS)

CWM LLC decreased its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 7.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,125 shares of the business services provider's stock after selling 2,127 shares during the quarter. CWM LLC's holdings in Cintas were worth $5,369,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. MJP Associates Inc. ADV raised its position 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 valued at $441,000 after purchasing an additional 50 shares during the period. Kathmere Capital Management LLC grew its stake in Cintas by 4.1% in the 1st quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider's stock valued at $266,000 after buying an additional 51 shares during the last quarter. TIAA Trust National Association lifted its position in Cintas by 1.0% during the 4th 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 lifted its position in Cintas by 4.6% during the 4th 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. Finally, Johnson Financial Group Inc. boosted its holdings in Cintas by 7.7% during the fourth quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider's stock valued at $146,000 after acquiring an additional 52 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Performance

NASDAQ CTAS traded up $0.02 during trading on Friday, reaching $221.94. 2,528,220 shares of the company's stock were exchanged, compared to its average volume of 1,665,913. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The stock has a market capitalization of $89.62 billion, a P/E ratio of 50.33, a PEG ratio of 3.54 and a beta of 1.05. The business has a 50 day moving average price of $220.99 and a 200-day moving average price of $208.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.50.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the previous year, the firm posted $3.99 EPS. Cintas's revenue was up 8.0% compared to the same quarter last year. Sell-side analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of recent research reports. Redburn Atlantic downgraded shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target on the stock. in a research note on Thursday, May 1st. JPMorgan Chase & Co. began coverage on Cintas in a report on Monday, July 14th. They set an "overweight" rating and a $239.00 price objective for the company. Wells Fargo & Company raised shares of Cintas from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $196.00 to $221.00 in a report on Tuesday, July 1st. Truist Financial increased their target price on shares of Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group boosted their price target on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $224.54.

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.