Cintas Corporation $CTAS Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its holdings in shares of Cintas Corporation (NASDAQ:CTASFree Report) by 58.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 243,878 shares of the business services provider’s stock after selling 349,875 shares during the period. Sei Investments Co.’s holdings in Cintas were worth $41,252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CTAS. State Street Corp increased its position in shares of Cintas by 1.4% during the fourth quarter. State Street Corp now owns 15,311,491 shares of the business services provider’s stock worth $2,879,632,000 after acquiring an additional 210,477 shares during the period. Geode Capital Management LLC grew its stake in Cintas by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 9,293,485 shares of the business services provider’s stock worth $1,746,453,000 after purchasing an additional 97,220 shares in the last quarter. Norges Bank purchased a new stake in Cintas during the 4th quarter worth about $923,672,000. Morgan Stanley increased its holdings in Cintas by 0.8% during the 4th quarter. Morgan Stanley now owns 4,393,116 shares of the business services provider’s stock worth $826,214,000 after purchasing an additional 36,666 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Cintas by 4.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,683,582 shares of the business services provider’s stock valued at $504,702,000 after purchasing an additional 112,622 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

CTAS opened at $205.91 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. Cintas Corporation has a one year low of $161.16 and a one year high of $226.75. The company has a market cap of $82.38 billion, a P/E ratio of 55.06, a PEG ratio of 3.32 and a beta of 0.94. The business’s 50-day simple moving average is $179.30 and its 200-day simple moving average is $183.33.

Cintas (NASDAQ:CTASGet Free Report) last posted its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, equities research analysts expect that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several recent research reports. Truist Financial decreased their price objective on Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, June 15th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. The Goldman Sachs Group reiterated a “buy” rating and issued a $231.00 price target on shares of Cintas in a research note on Wednesday, July 15th. Bank of America upgraded shares of Cintas from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $200.00 to $230.00 in a report on Thursday, July 16th. Finally, UBS Group reissued a “buy” rating and issued a $230.00 price objective (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cintas presently has a consensus rating of “Moderate Buy” and an average target price of $212.31.

Get Our Latest Stock Analysis on CTAS

Cintas Profile

(Free Report)

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.

See Also

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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