Cintas Co. (NASDAQ:CTAS) Holdings Boosted by Maverick Capital Ltd.

Maverick Capital Ltd. boosted its holdings in Cintas Co. (NASDAQ:CTAS) by 23.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,366 shares of the business services provider’s stock after acquiring an additional 5,090 shares during the period. Maverick Capital Ltd.’s holdings in Cintas were worth $4,567,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Motley Fool Asset Management LLC increased its stake in shares of Cintas by 2.4% in the fourth quarter. Motley Fool Asset Management LLC now owns 1,791 shares of the business services provider’s stock valued at $482,000 after purchasing an additional 42 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Cintas by 2.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 1,932 shares of the business services provider’s stock valued at $520,000 after acquiring an additional 44 shares during the period. Cetera Investment Advisers increased its stake in shares of Cintas by 5.1% during the fourth quarter. Cetera Investment Advisers now owns 943 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 46 shares during the period. Cigna Investments Inc. New increased its stake in shares of Cintas by 2.1% during the first quarter. Cigna Investments Inc. New now owns 2,394 shares of the business services provider’s stock valued at $415,000 after acquiring an additional 50 shares during the period. Finally, Sumitomo Life Insurance Co. increased its stake in shares of Cintas by 0.9% during the first quarter. Sumitomo Life Insurance Co. now owns 5,947 shares of the business services provider’s stock valued at $1,030,000 after acquiring an additional 54 shares during the period. Institutional investors own 63.60% of the company’s stock.

CTAS traded down $8.37 during trading on Wednesday, hitting $264.18. The stock had a trading volume of 5,462 shares, compared to its average volume of 690,046. The firm has a market cap of $28.10 billion, a PE ratio of 30.56, a P/E/G ratio of 4.23 and a beta of 1.44. Cintas Co. has a 12 month low of $154.33 and a 12 month high of $304.81. The company has a current ratio of 2.34, a quick ratio of 2.01 and a debt-to-equity ratio of 0.80. The company has a 50 day simple moving average of $248.95 and a 200-day simple moving average of $248.97.

A number of research analysts recently commented on CTAS shares. Stifel Nicolaus raised their price objective on shares of Cintas from $157.00 to $160.00 and gave the company a “hold” rating in a research note on Thursday, May 14th. Bank of America lowered shares of Cintas from a “buy” rating to a “neutral” rating and set a $255.00 price objective for the company. in a research note on Wednesday, May 27th. They noted that the move was a valuation call. Royal Bank of Canada raised their price objective on shares of Cintas from $250.00 to $318.00 and gave the stock an “outperform” rating in a research note on Thursday, June 11th. Zacks Investment Research lowered shares of Cintas from a “hold” rating to a “sell” rating and set a $240.00 target price for the company. in a research note on Friday, May 15th. Finally, Robert W. Baird lowered shares of Cintas from an “outperform” rating to a “neutral” rating and set a $175.00 target price for the company. in a research note on Friday, March 20th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $243.45.

About Cintas

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services 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, and carpet and tile cleaning services, as well as sells uniforms directly.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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