Marks Group Wealth Management Inc Has $7.68 Million Stock Holdings in Cintas Corporation (NASDAQ:CTAS)

Marks Group Wealth Management Inc grew its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 36.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,388 shares of the business services provider's stock after purchasing an additional 9,923 shares during the period. Marks Group Wealth Management Inc's holdings in Cintas were worth $7,684,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in Cintas by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 8,468,080 shares of the business services provider's stock worth $1,544,822,000 after acquiring an additional 219,809 shares in the last quarter. Invesco Ltd. raised its position in shares of Cintas by 6.1% during the fourth quarter. Invesco Ltd. now owns 5,118,479 shares of the business services provider's stock worth $935,146,000 after purchasing an additional 296,059 shares during the period. Norges Bank bought a new position in shares of Cintas during the 4th quarter valued at about $877,216,000. Northern Trust Corp grew its position in shares of Cintas by 13.1% in the 4th quarter. Northern Trust Corp now owns 4,067,037 shares of the business services provider's stock valued at $743,048,000 after purchasing an additional 472,069 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Cintas by 3.3% in the 4th quarter. Royal Bank of Canada now owns 3,655,835 shares of the business services provider's stock valued at $667,919,000 after purchasing an additional 115,268 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CTAS shares. Argus raised shares of Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. UBS Group boosted their price objective on shares of Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $240.00 target price (up from $215.00) on shares of Cintas in a research note on Monday, June 9th. Morgan Stanley lifted their price target on Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research note on Thursday, March 27th. Finally, Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Cintas currently has a consensus rating of "Hold" and an average price target of $219.58.

Cintas Stock Down 0.5%

CTAS traded down $1.12 on Friday, hitting $215.44. 1,035,324 shares of the company were exchanged, compared to its average volume of 1,670,659. The stock's fifty day moving average is $220.63 and its 200-day moving average is $207.03. Cintas Corporation has a 12 month low of $178.42 and a 12 month high of $229.24. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.72. The company has a market cap of $86.99 billion, a PE ratio of 49.90, a PEG ratio of 3.36 and a beta of 1.05.

Insider Buying and Selling

In other news, Director Ronald W. Tysoe sold 8,521 shares of the company's 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 sale, the director directly owned 27,029 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. 15.00% of the stock is currently owned by corporate insiders.

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.