Robeco Schweiz AG Has $30.40 Million Stock Holdings in Cintas Corporation (NASDAQ:CTAS)

Robeco Schweiz AG lessened its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 22.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 147,884 shares of the business services provider's stock after selling 41,764 shares during the quarter. Robeco Schweiz AG's holdings in Cintas were worth $30,395,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC boosted 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 valued at $1,544,822,000 after acquiring an additional 219,809 shares in the last quarter. Invesco Ltd. lifted 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 in the last quarter. Norges Bank bought a new stake in shares of Cintas during the fourth quarter worth approximately $877,216,000. Northern Trust Corp raised its stake in shares of Cintas by 13.1% during the fourth quarter. Northern Trust Corp now owns 4,067,037 shares of the business services provider's stock worth $743,048,000 after buying an additional 472,069 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Cintas by 3.3% during the fourth quarter. Royal Bank of Canada now owns 3,655,835 shares of the business services provider's stock worth $667,919,000 after buying an additional 115,268 shares during the last quarter. Institutional investors own 63.46% of the company's stock.

Cintas Price Performance

CTAS stock traded down $1.12 during mid-day trading on Friday, hitting $215.44. The stock had a trading volume of 1,035,324 shares, compared to its average volume of 1,668,254. The company has a current ratio of 1.72, a quick ratio of 1.50 and a debt-to-equity ratio of 0.44. Cintas Corporation has a 52 week low of $178.42 and a 52 week high of $229.24. The firm has a market capitalization of $86.99 billion, a P/E ratio of 49.90, a P/E/G ratio of 3.38 and a beta of 1.05. The firm has a fifty day simple moving average of $220.63 and a 200 day simple moving average of $206.90.

Insider Buying and Selling at Cintas

In related news, Director Ronald W. Tysoe sold 8,521 shares of Cintas stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the sale, the director directly owned 27,029 shares in the company, valued at $5,647,979.84. This trade represents a 23.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on CTAS. Redburn Atlantic downgraded shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 target price for the company. in a research note on Thursday, May 1st. Bank of America began 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 shares of Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. UBS Group increased their price target 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. Finally, Morgan Stanley increased their price objective on shares of Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research report on Thursday, March 27th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Cintas presently has a consensus rating of "Hold" and a consensus target price of $219.58.

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.