American Century Companies Inc. Sells 10,231 Shares of Cintas Co. (NASDAQ:CTAS)

American Century Companies Inc. cut its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,028,180 shares of the business services provider's stock after selling 10,231 shares during the period. American Century Companies Inc. owned 0.25% of Cintas worth $187,848,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Mizuho Securities USA LLC grew its position in shares of Cintas by 46.2% in the fourth quarter. Mizuho Securities USA LLC now owns 32,490 shares of the business services provider's stock valued at $5,936,000 after purchasing an additional 10,273 shares during the last quarter. Cyrus J. Lawrence LLC bought a new stake in Cintas in the 4th quarter valued at $29,000. Summit Global Investments increased its stake in Cintas by 86.8% during the fourth quarter. Summit Global Investments now owns 2,027 shares of the business services provider's stock valued at $370,000 after acquiring an additional 942 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Cintas in the 4th quarter worth approximately $439,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Cintas during the fourth quarter valued at approximately $42,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of analyst reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 target price on shares of Cintas in a research note on Friday, December 20th. Citigroup initiated coverage on Cintas in a report on Monday, February 24th. They issued a "sell" rating and a $161.00 target price for the company. Robert W. Baird decreased their price target on Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a research note on Friday, December 20th. Truist Financial dropped their price objective on Cintas from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Finally, The Goldman Sachs Group reduced their target price on shares of Cintas from $236.00 to $211.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Cintas has an average rating of "Hold" and an average target price of $199.79.

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Cintas Stock Down 0.6 %

Shares of NASDAQ CTAS traded down $1.15 during mid-day trading on Tuesday, reaching $193.42. 1,597,163 shares of the company's stock were exchanged, compared to its average volume of 1,530,549. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $78.05 billion, a price-to-earnings ratio of 46.64, a PEG ratio of 3.98 and a beta of 1.41. The business has a fifty day simple moving average of $200.54 and a 200 day simple moving average of $208.93. Cintas Co. has a twelve month low of $158.10 and a twelve month high of $228.12.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Friday, February 14th. Cintas's dividend payout ratio (DPR) is presently 37.59%.

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.