Shares of Cintas Corp. (NASDAQ:CTAS) fell 1.8% during trading on Monday . The stock traded as low as $97.52 and last traded at $97.82, with a volume of 422,422 shares trading hands. The stock had previously closed at $99.63.

Several brokerages recently commented on CTAS. Barclays PLC reiterated a “buy” rating on shares of Cintas Corp. in a research note on Thursday, March 24th. Zacks Investment Research cut shares of Cintas Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 15th. Sterne Agee CRT began coverage on shares of Cintas Corp. in a research note on Monday, March 21st. They issued a “neutral” rating and a $91.00 price objective for the company. Morgan Stanley reiterated a “sell” rating and issued a $77.00 price objective on shares of Cintas Corp. in a research note on Wednesday, March 23rd. Finally, Royal Bank Of Canada dropped their target price on shares of Cintas Corp. from $94.00 to $92.00 and set a “sector perform” rating for the company in a report on Wednesday, March 23rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $93.56.

The company has a 50 day moving average price of $95.32 and a 200 day moving average price of $89.57. The stock has a market capitalization of $10.49 billion and a price-to-earnings ratio of 16.60.

In other news, Director Gerald S. Adolph sold 1,000 shares of the company’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 completion of the transaction, the director now owns 11,590 shares in the company, valued at $1,045,533.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO James Phillip Holloman sold 19,376 shares of the company’s stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $90.49, for a total transaction of $1,753,334.24. Following the transaction, the chief operating officer now owns 105,408 shares of the company’s stock, valued at approximately $9,538,369.92. The disclosure for this sale can be found here.

Several institutional investors have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. raised its position in Cintas Corp. by 12.0% in the fourth quarter. OppenheimerFunds Inc. now owns 1,948,687 shares of the company’s stock valued at $177,431,000 after buying an additional 209,495 shares in the last quarter. Redwood Investments LLC purchased a new position in Cintas Corp. during the fourth quarter valued at approximately $13,687,000. Morgan Stanley raised its position in Cintas Corp. by 42.9% in the fourth quarter. Morgan Stanley now owns 475,438 shares of the company’s stock valued at $43,290,000 after buying an additional 142,824 shares in the last quarter. Teacher Retirement System of Texas raised its position in Cintas Corp. by 698.2% in the fourth quarter. Teacher Retirement System of Texas now owns 41,572 shares of the company’s stock valued at $3,785,000 after buying an additional 36,364 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in Cintas Corp. by 130.5% in the fourth quarter. Nationwide Fund Advisors now owns 60,789 shares of the company’s stock valued at $5,535,000 after buying an additional 34,420 shares in the last quarter.

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.

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