Mutual Advisors LLC Has $243,000 Stock Position in Cintas Corporation (NASDAQ:CTAS)

Mutual Advisors LLC lowered its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 62.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,164 shares of the business services provider's stock after selling 1,896 shares during the quarter. Mutual Advisors LLC's holdings in Cintas were worth $243,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cyrus J. Lawrence LLC acquired a new stake in Cintas in the fourth quarter valued at about $29,000. IAG Wealth Partners LLC grew its stake in shares of Cintas by 136.8% during the 4th 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. grew its stake in shares of Cintas by 239.3% during the 4th 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. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Cintas by 646.4% during the 1st 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. Finally, VSM Wealth Advisory LLC acquired a new position in shares of Cintas during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Insider Activity at Cintas

In related news, Director Ronald W. Tysoe sold 8,521 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the director owned 27,029 shares in the company, valued at approximately $5,647,979.84. This represents a 23.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 15.00% of the company's stock.

Cintas Price Performance

NASDAQ:CTAS traded down $0.08 during trading hours on Thursday, reaching $216.56. 1,002,195 shares of the company's stock were exchanged, compared to its average volume of 1,667,489. The company has a market capitalization of $87.44 billion, a P/E ratio of 50.16, a price-to-earnings-growth 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 company has a quick ratio of 1.50, a current ratio of 1.72 and a debt-to-equity ratio of 0.44. The business's 50-day simple moving average is $220.42 and its two-hundred day simple moving average is $206.51.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Redburn Atlantic downgraded shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target for the company. in a research report on Thursday, May 1st. Robert W. Baird boosted their price target on Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a report on Thursday, March 27th. Wells Fargo & Company raised shares of Cintas from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. Morgan Stanley boosted 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. Finally, 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 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus 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.