US Bancorp DE Has $40.10 Million Stock Position in Cintas Co. (NASDAQ:CTAS)

US Bancorp DE lowered its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 219,470 shares of the business services provider's stock after selling 2,929 shares during the quarter. US Bancorp DE owned approximately 0.05% of Cintas worth $40,100,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTAS. State Street Corp raised its position in shares of Cintas by 299.3% during the third quarter. State Street Corp now owns 14,555,558 shares of the business services provider's stock worth $2,996,697,000 after acquiring an additional 10,910,285 shares during the last quarter. FMR LLC raised its holdings in Cintas by 297.3% during the 3rd quarter. FMR LLC now owns 8,781,132 shares of the business services provider's stock worth $1,807,860,000 after purchasing an additional 6,571,128 shares during the last quarter. Geode Capital Management LLC raised its holdings in Cintas by 309.7% during the 3rd quarter. Geode Capital Management LLC now owns 8,248,271 shares of the business services provider's stock worth $1,693,654,000 after purchasing an additional 6,235,052 shares during the last quarter. Franklin Resources Inc. lifted its position in Cintas by 264.7% during the 3rd quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider's stock valued at $693,503,000 after purchasing an additional 2,379,932 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Cintas by 308.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,522,921 shares of the business services provider's stock valued at $519,419,000 after purchasing an additional 1,904,926 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CTAS. Morgan Stanley boosted their price target on shares of Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Truist Financial dropped their target price on shares of Cintas from $225.00 to $215.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Wells Fargo & Company reduced their price target on Cintas from $191.00 to $184.00 and set an "underweight" rating on the stock in a research report on Friday, December 20th. UBS Group decreased their price objective on Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Finally, The Goldman Sachs Group cut their target price on Cintas from $236.00 to $211.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $199.79.

Cintas Stock Down 0.0 %

Shares of Cintas stock traded down $0.07 on Monday, hitting $207.43. The company had a trading volume of 1,684,951 shares, compared to its average volume of 1,729,431. The stock has a 50-day moving average of $197.54 and a 200-day moving average of $209.05. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. Cintas Co. has a twelve month low of $154.15 and a twelve month high of $228.12. The firm has a market capitalization of $83.71 billion, a P/E ratio of 50.01, a P/E/G ratio of 3.98 and a beta of 1.38.

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

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, February 14th. Cintas's payout ratio is 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.