Sei Investments Co. Sells 3,780 Shares of Cintas Co. (NASDAQ:CTAS)

Sei Investments Co. cut its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,447 shares of the business services provider's stock after selling 3,780 shares during the quarter. Sei Investments Co.'s holdings in Cintas were worth $33,696,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in Cintas by 331.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,970 shares of the business services provider's stock valued at $4,317,000 after acquiring an additional 16,107 shares during the period. Avior Wealth Management LLC increased its holdings in shares of Cintas by 304.1% in the third quarter. Avior Wealth Management LLC now owns 299 shares of the business services provider's stock valued at $62,000 after purchasing an additional 225 shares during the last quarter. Great Valley Advisor Group Inc. bought a new position in shares of Cintas in the third quarter valued at about $223,000. Kingsview Wealth Management LLC boosted its holdings in shares of Cintas by 389.4% during the 3rd quarter. Kingsview Wealth Management LLC now owns 4,874 shares of the business services provider's stock worth $1,003,000 after buying an additional 3,878 shares during the period. Finally, Swedbank AB grew its stake in Cintas by 308.3% in the 3rd quarter. Swedbank AB now owns 221,336 shares of the business services provider's stock valued at $45,569,000 after buying an additional 167,123 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Truist Financial upped their target price on Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday. The Goldman Sachs Group lowered their price objective on Cintas from $236.00 to $211.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Citigroup assumed coverage on shares of Cintas in a research note on Monday, February 24th. They issued a "sell" rating and a $161.00 price objective for the company. Morgan Stanley increased their target price on shares of Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 price target on shares of Cintas in a research report on Thursday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $205.21.

Cintas Price Performance

CTAS stock traded up $2.19 during trading on Thursday, reaching $206.90. 716,112 shares of the company were exchanged, compared to its average volume of 1,764,113. The company has a market capitalization of $83.49 billion, a price-to-earnings ratio of 49.88, a P/E/G ratio of 3.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The company has a 50-day moving average of $200.75 and a two-hundred day moving average of $208.89. Cintas Co. has a twelve month low of $162.16 and a twelve month high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the prior year, the business earned $3.84 earnings per share. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities analysts predict that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.75%. Cintas's dividend payout ratio 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.