Cintas Co. (NASDAQ:CTAS) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 184,447 shares of the business services provider’s stock after selling 3,780 shares during the period. Sei Investments Co.’s holdings in Cintas were worth $33,696,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Guardian Wealth Advisors LLC grew its stake in Cintas by 3.1% in the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock worth $318,000 after acquiring an additional 52 shares during the period. MGB Wealth Management LLC raised its position in Cintas by 0.7% in the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock valued at $1,328,000 after purchasing an additional 52 shares during the period. Aaron Wealth Advisors LLC raised its holdings in shares of Cintas by 2.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock valued at $512,000 after buying an additional 55 shares during the period. S.A. Mason LLC lifted its position in shares of Cintas by 3.3% during the fourth quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock worth $311,000 after purchasing an additional 55 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its holdings in Cintas by 1.0% in the 4th quarter. Frank Rimerman Advisors LLC now owns 6,167 shares of the business services provider’s stock worth $1,127,000 after buying an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 1.8 %

NASDAQ:CTAS opened at $194.57 on Tuesday. 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 stock has a 50-day moving average price of $200.54 and a two-hundred day moving average price of $208.93. Cintas Co. has a 1 year low of $158.10 and a 1 year high of $228.12. The stock has a market cap of $78.52 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 3.98 and a beta of 1.41.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 0.80%. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

Analysts Set New Price Targets

CTAS has been the subject of several research analyst reports. Robert W. Baird dropped their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Morgan Stanley upped their price target 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. UBS Group cut their target price on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a research note on Friday, December 20th. Finally, Citigroup initiated coverage on Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $199.79.

About Cintas

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.