Nisa Investment Advisors LLC lowered its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 8.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,802 shares of the business services provider's stock after selling 15,173 shares during the quarter. Nisa Investment Advisors LLC's holdings in Cintas were worth $32,844,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Axxcess Wealth Management LLC boosted its position in shares of Cintas by 27.2% in the 1st quarter. Axxcess Wealth Management LLC now owns 15,533 shares of the business services provider's stock valued at $3,192,000 after purchasing an additional 3,322 shares during the period. Twelve Points Wealth Management LLC acquired a new stake in shares of Cintas in the first quarter valued at approximately $281,000. Linden Thomas Advisory Services LLC grew its position in shares of Cintas by 5.5% during the first quarter. Linden Thomas Advisory Services LLC now owns 8,775 shares of the business services provider's stock worth $1,804,000 after acquiring an additional 460 shares during the last quarter. Greenleaf Trust increased its holdings in shares of Cintas by 10.2% in the 1st quarter. Greenleaf Trust now owns 9,965 shares of the business services provider's stock valued at $2,048,000 after acquiring an additional 924 shares during the period. Finally, Flossbach Von Storch SE purchased a new position in Cintas during the 1st quarter worth $378,000. Institutional investors and hedge funds own 63.46% of the company's stock.
Cintas Stock Up 0.6%
Shares of NASDAQ:CTAS traded up $1.35 during trading on Wednesday, hitting $216.64. The company's stock had a trading volume of 1,066,352 shares, compared to its average volume of 1,670,148. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.72. Cintas Corporation has a fifty-two week low of $177.33 and a fifty-two week high of $229.24. The stock's 50-day moving average price is $220.32 and its two-hundred day moving average price is $206.44. The company has a market capitalization of $87.48 billion, a PE ratio of 50.18, a PEG ratio of 3.36 and a beta of 1.05.
Insider Buying and Selling at Cintas
In related news, Director Ronald W. Tysoe sold 8,521 shares of the company's stock in a transaction 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 sale, the director directly owned 27,029 shares of the company's stock, valued at $5,647,979.84. This represents a 23.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 15.00% of the company's stock.
Wall Street Analyst Weigh In
CTAS has been the subject of several recent research reports. Robert W. Baird increased their price target on Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a report on Thursday, March 27th. Bank of America assumed coverage on shares of Cintas in a report on Thursday, April 10th. They set a "buy" rating and a $250.00 target price for the company. Argus upgraded Cintas to a "strong-buy" rating in a research report on Wednesday, April 16th. Truist Financial increased their price target on Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $219.58.
Get Our Latest Stock Report on CTAS
Cintas Company Profile
(
Free Report)
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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