Arbejdsmarkedets Tillaegspension Increases Position in Cintas Corporation $CTAS

Arbejdsmarkedets Tillaegspension grew its position in Cintas Corporation (NASDAQ:CTAS) by 12.3% during the first quarter, Holdings Channel.com reports. The firm owned 142,564 shares of the business services provider’s stock after acquiring an additional 15,570 shares during the period. Arbejdsmarkedets Tillaegspension’s holdings in Cintas were worth $24,113,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CTAS. Norges Bank acquired a new position in shares of Cintas during the fourth quarter worth $923,672,000. Two Sigma Investments LP raised its stake in Cintas by 5,641.3% in the third quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider’s stock valued at $208,682,000 after buying an additional 998,963 shares in the last quarter. SG Americas Securities LLC raised its stake in Cintas by 2,653.0% in the fourth quarter. SG Americas Securities LLC now owns 1,003,031 shares of the business services provider’s stock valued at $188,640,000 after buying an additional 966,597 shares in the last quarter. Voloridge Investment Management LLC lifted its holdings in Cintas by 275.2% during the 3rd quarter. Voloridge Investment Management LLC now owns 1,123,237 shares of the business services provider’s stock worth $230,556,000 after buying an additional 823,885 shares during the last quarter. Finally, Freestone Grove Partners LP lifted its holdings in Cintas by 5,341.8% during the 3rd quarter. Freestone Grove Partners LP now owns 747,109 shares of the business services provider’s stock worth $153,352,000 after buying an additional 733,380 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Performance

Shares of Cintas stock opened at $183.75 on Tuesday. The firm’s fifty day simple moving average is $173.37 and its 200-day simple moving average is $182.58. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $226.75. The stock has a market capitalization of $73.52 billion, a price-to-earnings ratio of 51.91, a PEG ratio of 2.86 and a beta of 0.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74.

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the transaction, the director directly owned 22,448 shares of the company’s stock, valued at approximately $4,015,273.76. This trade represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 14.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several analyst reports. Citigroup lowered their price objective on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research report on Tuesday, March 31st. Stifel Nicolaus cut their target price on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Weiss Ratings upgraded Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Truist Financial lowered their price target on Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday, June 15th. Finally, Bank of America dropped their price target on shares of Cintas from $215.00 to $200.00 and set a “neutral” rating on the stock in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Cintas presently has an average rating of “Hold” and an average target price of $211.25.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.