Cintas Co. (NASDAQ:CTAS) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,505 shares of the business services provider's stock after selling 3,807 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in Cintas were worth $32,978,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CTAS. Financial Management Professionals Inc. raised its holdings in Cintas by 341.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock worth $26,000 after purchasing an additional 99 shares during the period. Hollencrest Capital Management increased its position in shares of Cintas by 433.3% during the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock worth $26,000 after purchasing an additional 104 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Cintas in the 4th quarter valued at $27,000. Addison Advisors LLC lifted its holdings in Cintas by 495.7% in the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock valued at $28,000 after purchasing an additional 114 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new stake in Cintas during the 4th quarter worth $31,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of recent research reports. Truist Financial lowered their price target on shares of Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. UBS Group lowered their target price on Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a report on Friday, December 20th. The Goldman Sachs Group cut their price target on Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a report on Friday, December 20th. Robert W. Baird lowered their price objective on Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a research note on Friday, December 20th. Finally, Morgan Stanley lifted their price target on Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Two 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 company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $198.46.

Cintas Trading Down 0.2 %

Shares of CTAS traded down $0.48 during trading on Tuesday, reaching $203.74. 1,358,440 shares of the company traded hands, compared to its average volume of 1,678,414. The stock has a 50-day simple moving average of $196.96 and a 200-day simple moving average of $207.85. The stock has a market cap of $82.22 billion, a PE ratio of 49.12, a price-to-earnings-growth ratio of 3.95 and a beta of 1.38. Cintas Co. has a twelve month low of $152.77 and a twelve month high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. Cintas's revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.61 EPS. On average, analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Friday, February 14th. Cintas's dividend payout ratio is currently 37.61%.

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.