Kathmere Capital Management LLC Boosts Holdings in Cintas Corporation (NASDAQ:CTAS)

Kathmere Capital Management LLC grew its position in Cintas Corporation (NASDAQ:CTAS) by 4.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,293 shares of the business services provider’s stock after purchasing an additional 51 shares during the period. Kathmere Capital Management LLC’s holdings in Cintas were worth $266,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cyrus J. Lawrence LLC purchased a new position in shares of Cintas during the 4th quarter worth approximately $29,000. Meeder Asset Management Inc. lifted its holdings in Cintas by 239.3% during the 4th quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider’s stock worth $35,000 after buying an additional 134 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in Cintas during the 4th quarter worth approximately $40,000. Lee Danner & Bass Inc. acquired a new stake in Cintas during the 4th quarter worth approximately $42,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in Cintas by 646.4% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock worth $43,000 after buying an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of CTAS opened at $215.44 on Monday. Cintas Corporation has a twelve month low of $178.42 and a twelve month high of $229.24. The firm’s fifty day simple moving average is $220.63 and its 200-day simple moving average is $207.18. The firm has a market capitalization of $86.99 billion, a price-to-earnings ratio of 49.90, a PEG ratio of 3.36 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Robert W. Baird increased their target price on shares of Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a report on Thursday, March 27th. UBS Group increased their target price on shares of Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Argus upgraded shares of Cintas to a “strong-buy” rating in a report on Wednesday, April 16th. Bank of America assumed coverage on shares of Cintas in a report on Thursday, April 10th. They set a “buy” rating and a $250.00 target price on the stock. Finally, Wells Fargo & Company upgraded shares of Cintas from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $196.00 to $221.00 in a report on Tuesday, July 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $219.58.

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.