1,300 Shares in Cintas Corporation (NASDAQ:CTAS) Bought by TFR Capital LLC.

TFR Capital LLC. acquired a new stake in Cintas Corporation (NASDAQ:CTAS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,300 shares of the business services provider's stock, valued at approximately $267,000.

A number of other hedge funds have also recently modified their holdings of the company. Arizona State Retirement System increased its position in shares of Cintas by 1.9% during the first quarter. Arizona State Retirement System now owns 106,502 shares of the business services provider's stock valued at $21,889,000 after buying an additional 1,961 shares during the period. Kathmere Capital Management LLC boosted its stake in Cintas by 4.1% during the first quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider's stock worth $266,000 after acquiring an additional 51 shares in the last quarter. Ballentine Partners LLC boosted its stake in Cintas by 14.5% during the first quarter. Ballentine Partners LLC now owns 2,558 shares of the business services provider's stock worth $526,000 after acquiring an additional 323 shares in the last quarter. Chapman Investment Management LLC boosted its stake in Cintas by 0.6% during the first quarter. Chapman Investment Management LLC now owns 24,908 shares of the business services provider's stock worth $5,119,000 after acquiring an additional 137 shares in the last quarter. Finally, Stegent Equity Advisors Inc. boosted its stake in Cintas by 17.6% during the first quarter. Stegent Equity Advisors Inc. now owns 1,834 shares of the business services provider's stock worth $377,000 after acquiring an additional 274 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Stock Performance

CTAS stock traded down $3.66 during midday trading on Tuesday, reaching $213.24. 1,219,575 shares of the company's stock traded hands, compared to its average volume of 1,667,027. Cintas Corporation has a 52-week low of $178.88 and a 52-week high of $229.24. The stock has a market cap of $86.10 billion, a P/E ratio of 49.39, a PEG ratio of 3.38 and a beta of 1.05. The company has a current ratio of 1.72, a quick ratio of 1.50 and a debt-to-equity ratio of 0.44. The stock's 50-day moving average is $220.74 and its 200 day moving average is $207.42.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CTAS. UBS Group boosted their price objective on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. began coverage on shares of Cintas in a research note on Monday. They set an "overweight" rating and a $239.00 price objective on the stock. Royal Bank Of Canada reissued a "sector perform" rating and set a $240.00 price objective (up previously from $215.00) on shares of Cintas in a research note on Monday, June 9th. The Goldman Sachs Group upped their target price on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Wells Fargo & Company upgraded shares of Cintas from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $196.00 to $221.00 in a research note on Tuesday, July 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $220.96.

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.