Mutual Advisors LLC Sells 1,896 Shares of Cintas Corporation (NASDAQ:CTAS)

Mutual Advisors LLC reduced its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 62.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,164 shares of the business services provider's stock after selling 1,896 shares during the period. Mutual Advisors LLC's holdings in Cintas were worth $243,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its position in shares of Cintas by 0.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 29,504 shares of the business services provider's stock worth $6,064,000 after purchasing an additional 120 shares in the last quarter. Resonant Capital Advisors LLC lifted its position in shares of Cintas by 11.6% in the first quarter. Resonant Capital Advisors LLC now owns 1,759 shares of the business services provider's stock worth $362,000 after purchasing an additional 183 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Cintas by 4.9% in the first quarter. First Horizon Advisors Inc. now owns 1,241 shares of the business services provider's stock worth $255,000 after purchasing an additional 58 shares in the last quarter. Revisor Wealth Management LLC lifted its position in shares of Cintas by 80.9% in the first quarter. Revisor Wealth Management LLC now owns 3,305 shares of the business services provider's stock worth $679,000 after purchasing an additional 1,478 shares in the last quarter. Finally, Novem Group lifted its position in shares of Cintas by 28.8% in the first quarter. Novem Group now owns 6,308 shares of the business services provider's stock worth $1,297,000 after purchasing an additional 1,412 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CTAS shares. Bank of America started coverage on shares of Cintas in a report on Thursday, April 10th. They set a "buy" rating and a $250.00 target price on the stock. Argus upgraded shares of Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Morgan Stanley boosted their target price on shares of Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a report on Thursday, March 27th. Truist Financial boosted their target price on shares of Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $240.00 target price (up from $215.00) on shares of Cintas in a report on Monday, June 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Cintas presently has an average rating of "Hold" and a consensus price target of $219.58.

Insider Activity

In other news, Director Ronald W. Tysoe sold 8,521 shares of the business'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 completion of the sale, the director owned 27,029 shares of the company's stock, valued at approximately $5,647,979.84. The trade was a 23.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 15.00% of the company's stock.

Cintas Stock Performance

CTAS stock traded down $1.12 during midday trading on Friday, reaching $215.44. 1,035,324 shares of the company were exchanged, compared to its average volume of 1,668,254. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.72 and a quick ratio of 1.50. The business has a 50-day moving average price of $220.63 and a two-hundred day moving average price of $206.90. Cintas Corporation has a one year low of $178.42 and a one year high of $229.24. The firm has a market capitalization of $86.99 billion, a price-to-earnings ratio of 49.90, a price-to-earnings-growth ratio of 3.38 and a beta of 1.05.

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.