Securian Asset Management Inc. Sells 151 Shares of Cintas Corporation (NASDAQ:CTAS)

Securian Asset Management Inc. decreased its position in Cintas Corporation (NASDAQ:CTAS) by 0.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 18,202 shares of the business services provider’s stock after selling 151 shares during the period. Securian Asset Management Inc.’s holdings in Cintas were worth $3,741,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in Cintas by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 8,468,080 shares of the business services provider’s stock valued at $1,544,822,000 after acquiring an additional 219,809 shares in the last quarter. Invesco Ltd. lifted its position in Cintas by 6.1% during the fourth quarter. Invesco Ltd. now owns 5,118,479 shares of the business services provider’s stock valued at $935,146,000 after buying an additional 296,059 shares during the period. Norges Bank purchased a new position in Cintas during the fourth quarter valued at $877,216,000. Northern Trust Corp lifted its position in Cintas by 13.1% during the fourth quarter. Northern Trust Corp now owns 4,067,037 shares of the business services provider’s stock valued at $743,048,000 after buying an additional 472,069 shares during the period. Finally, Royal Bank of Canada lifted its position in Cintas by 3.3% during the fourth quarter. Royal Bank of Canada now owns 3,655,835 shares of the business services provider’s stock valued at $667,919,000 after buying an additional 115,268 shares during the period. Institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. The Goldman Sachs Group raised their price objective on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada reissued a “sector perform” rating and set a $240.00 price objective (up previously from $215.00) on shares of Cintas in a research report on Monday, June 9th. Argus raised Cintas to a “strong-buy” rating in a research report on Wednesday, April 16th. Robert W. Baird lifted their price target on Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. initiated coverage on Cintas in a research report on Monday. They issued an “overweight” rating and a $239.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Cintas has a consensus rating of “Hold” and a consensus target price of $220.96.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $216.90 on Tuesday. Cintas Corporation has a fifty-two week low of $178.42 and a fifty-two week high of $229.24. The business has a 50-day simple moving average of $220.74 and a two-hundred day simple moving average of $207.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.72. The firm has a market cap of $87.58 billion, a price-to-earnings ratio of 50.24, a price-to-earnings-growth ratio of 3.36 and a beta of 1.05.

Cintas 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.