Sei Investments Co. Sells 349,875 Shares of Cintas Corporation $CTAS

Sei Investments Co. decreased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 58.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 243,878 shares of the business services provider’s stock after selling 349,875 shares during the period. Sei Investments Co. owned 0.06% of Cintas worth $41,252,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Nemes Rush Group LLC acquired a new position in shares of Cintas during the fourth quarter worth $25,000. First United Bank & Trust acquired a new stake in shares of Cintas in the 1st quarter worth $25,000. Whipplewood Advisors LLC boosted its position in shares of Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after purchasing an additional 137 shares in the last quarter. Swiss RE Ltd. purchased a new position in Cintas during the 4th quarter worth $25,000. Finally, Camelot Portfolios LLC purchased a new position in Cintas during the 4th quarter worth $26,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $205.91 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $179.30 and its two-hundred day moving average is $183.33. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $226.75. The firm has a market cap of $82.38 billion, a price-to-earnings ratio of 55.06, a PEG ratio of 3.32 and a beta of 0.94.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period last year, the business posted $1.09 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Research analysts predict that Cintas Corporation will post 5.49 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Truist Financial reduced their price target on Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday, June 15th. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $200.00 to $230.00 in a research report on Thursday, July 16th. Citigroup reduced their target price on Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a research report on Tuesday, March 31st. UBS Group reissued a “buy” rating and set a $230.00 price objective (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Finally, Robert W. Baird boosted their price objective on shares of Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a 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. According to data from MarketBeat.com, Cintas currently has an average rating of “Moderate Buy” and an average target price of $212.31.

Cintas Company Profile

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.