Mutual of America Capital Management LLC Has $8.20 Million Stock Position in Cintas Corporation (NASDAQ:CTAS)

Mutual of America Capital Management LLC lowered its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 2.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,894 shares of the business services provider's stock after selling 1,179 shares during the quarter. Mutual of America Capital Management LLC's holdings in Cintas were worth $8,199,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Cintas by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 8,468,080 shares of the business services provider's stock worth $1,544,822,000 after purchasing an additional 219,809 shares in the last quarter. Invesco Ltd. increased its position in Cintas by 6.1% in the 4th quarter. Invesco Ltd. now owns 5,118,479 shares of the business services provider's stock valued at $935,146,000 after acquiring an additional 296,059 shares in the last quarter. Norges Bank acquired a new stake in Cintas in the 4th quarter valued at about $877,216,000. Northern Trust Corp increased its position in 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 acquiring an additional 472,069 shares in the last quarter. Finally, Royal Bank of Canada increased its position in 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 acquiring an additional 115,268 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on CTAS. Truist Financial raised their price objective on shares of Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. The Goldman Sachs Group raised their price objective 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. Robert W. Baird raised their price objective on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research report on Thursday, March 27th. Royal Bank Of Canada restated a "sector perform" rating and issued a $240.00 price objective (up previously from $215.00) on shares of Cintas in a research report on Monday, June 9th. Finally, Wells Fargo & Company upgraded shares of Cintas from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $196.00 to $221.00 in a research report on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $219.58.

Cintas Stock Down 0.5%

Cintas stock opened at $215.44 on Monday. The company's 50 day simple moving average is $220.63 and its 200 day simple moving average is $207.18. Cintas Corporation has a fifty-two week low of $178.42 and a fifty-two week high of $229.24. The firm has a market capitalization of $86.99 billion, a price-to-earnings ratio of 49.90, a PEG ratio of 3.36 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.72 and a quick ratio of 1.50.

Cintas Company 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.

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