Legal & General Group Plc lowered its position in Cintas Corp. (NASDAQ:CTAS) by 3.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 421,264 shares of the company’s stock after selling 15,346 shares during the period. Legal & General Group Plc owned approximately 0.39% of Cintas Corp. worth $37,832,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in Cintas Corp. by 36.1% in the first quarter. IFP Advisors Inc now owns 2,588 shares of the company’s stock worth $232,000 after buying an additional 687 shares during the period. National Planning Corp boosted its position in Cintas Corp. by 5.8% in the first quarter. National Planning Corp now owns 2,975 shares of the company’s stock worth $271,000 after buying an additional 164 shares during the period. BB&T Securities LLC boosted its position in Cintas Corp. by 4.0% in the first quarter. BB&T Securities LLC now owns 3,836 shares of the company’s stock worth $344,000 after buying an additional 149 shares during the period. Ironwood Investment Counsel LLC boosted its position in Cintas Corp. by 9.6% in the first quarter. Ironwood Investment Counsel LLC now owns 4,850 shares of the company’s stock worth $435,000 after buying an additional 425 shares during the period. Finally, Lodestar Investment Counsel LLC IL bought a new position in Cintas Corp. during the first quarter worth about $469,000.
Shares of Cintas Corp. (NASDAQ:CTAS) traded up 0.20% during midday trading on Thursday, hitting $108.18. 521,654 shares of the stock traded hands. The company’s 50-day moving average is $98.10 and its 200 day moving average is $90.72. The firm has a market capitalization of $11.27 billion and a PE ratio of 17.33. Cintas Corp. has a 52 week low of $78.00 and a 52 week high of $109.11.
CTAS has been the topic of several recent research reports. Zacks Investment Research raised shares of Cintas Corp. from a “sell” rating to a “hold” rating and set a $120.00 price target on the stock in a research report on Thursday, July 21st. Barclays PLC dropped their price target on shares of Cintas Corp. from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 20th. Nomura reaffirmed a “buy” rating and issued a $102.00 price target on shares of Cintas Corp. in a research report on Friday, July 15th. KeyCorp raised shares of Cintas Corp. from a “sector weight” rating to an “overweight” rating and set a $106.00 price target on the stock in a research report on Wednesday, April 13th. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $106.00 price target (up previously from $95.00) on shares of Cintas Corp. in a research report on Wednesday, July 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Cintas Corp. has a consensus rating of “Hold” and a consensus price target of $96.78.
In related news, Director Gerald S. Adolph sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $90.21, for a total transaction of $90,210.00. Following the sale, the director now owns 11,590 shares of the company’s stock, valued at $1,045,533.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald S. Adolph sold 2,000 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $108.12, for a total transaction of $216,240.00. Following the sale, the director now directly owns 11,590 shares in the company, valued at approximately $1,253,110.80. The disclosure for this sale can be found here.
Cintas Corporation provides products and services to businesses of all types. The Company is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, and first aid, safety and fire protection products and services.
