Twelve Points Wealth Management LLC Takes $281,000 Position in Cintas Corporation (NASDAQ:CTAS)

Twelve Points Wealth Management LLC purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 1,367 shares of the business services provider's stock, valued at approximately $281,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cyrus J. Lawrence LLC acquired a new stake in Cintas during the 4th quarter worth approximately $29,000. IAG Wealth Partners LLC boosted its position in Cintas by 136.8% during the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock worth $33,000 after buying an additional 104 shares during the period. Meeder Asset Management Inc. lifted its position in shares of Cintas by 239.3% in the 4th quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock worth $35,000 after purchasing an additional 134 shares during the period. VSM Wealth Advisory LLC acquired a new position in shares of Cintas in the 4th quarter worth approximately $40,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Cintas in the 4th quarter worth approximately $42,000. 63.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CTAS. 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 report on Thursday, May 1st. Bank of America began coverage on shares of Cintas in a research report on Thursday, April 10th. They issued a "buy" rating and a $250.00 price target on the stock. Robert W. Baird boosted their price target on shares of Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a research report on Thursday, March 27th. The Goldman Sachs Group boosted their price target on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Argus upgraded shares of Cintas to a "strong-buy" rating in a research report on Wednesday, April 16th. 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. According to MarketBeat.com, Cintas has a consensus rating of "Hold" and a consensus price target of $219.58.

Cintas Stock Down 0.4%

CTAS stock traded down $0.89 during midday trading on Friday, reaching $215.67. 447,106 shares of the company's stock traded hands, compared to its average volume of 1,665,038. The company has a market cap of $87.08 billion, a price-to-earnings ratio of 49.99, a P/E/G ratio of 3.38 and a beta of 1.05. The firm's fifty day moving average price is $220.56 and its 200-day moving average price is $206.71. The company has a quick ratio of 1.50, a current ratio of 1.72 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.

Insider Activity

In other 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 completion of the sale, the director owned 27,029 shares in the company, valued at $5,647,979.84. This represents a 23.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 15.00% of the stock is currently owned by insiders.

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.