US Bancorp DE Lowers Position in Cintas Corporation $CTAS

US Bancorp DE lowered its holdings in Cintas Corporation (NASDAQ:CTAS) by 1.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 214,105 shares of the business services provider’s stock after selling 2,126 shares during the quarter. US Bancorp DE’s holdings in Cintas were worth $47,718,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Columbus Macro LLC raised its holdings in shares of Cintas by 7.2% in the 2nd quarter. Columbus Macro LLC now owns 31,684 shares of the business services provider’s stock valued at $7,061,000 after acquiring an additional 2,140 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in Cintas by 3.4% in the 2nd quarter. Maryland State Retirement & Pension System now owns 16,711 shares of the business services provider’s stock worth $3,724,000 after buying an additional 545 shares during the last quarter. Optas LLC lifted its position in Cintas by 9.3% in the 2nd quarter. Optas LLC now owns 1,236 shares of the business services provider’s stock worth $275,000 after buying an additional 105 shares during the last quarter. Clear Creek Financial Management LLC bought a new stake in Cintas in the 2nd quarter worth approximately $204,000. Finally, Ignite Planners LLC lifted its position in Cintas by 2.6% in the 2nd quarter. Ignite Planners LLC now owns 2,042 shares of the business services provider’s stock worth $453,000 after buying an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of Cintas stock opened at $191.75 on Friday. The stock has a market capitalization of $77.27 billion, a P/E ratio of 43.48, a price-to-earnings-growth ratio of 3.43 and a beta of 1.01. The business’s 50 day simple moving average is $209.00 and its two-hundred day simple moving average is $213.08. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas’s payout ratio is currently 40.82%.

Insider Buying and Selling

In related news, Director Ronald W. Tysoe sold 5,084 shares of the company’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total value of $1,136,121.48. Following the sale, the director directly owned 21,945 shares of the company’s stock, valued at $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Martin Mucci purchased 1,200 shares of Cintas stock in a transaction that occurred on Monday, July 21st. The stock was purchased at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the purchase, the director owned 2,621 shares of the company’s stock, valued at $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CTAS. JPMorgan Chase & Co. dropped their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Wells Fargo & Company dropped their target price on Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Morgan Stanley boosted their target price on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. UBS Group boosted their target price on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Finally, Royal Bank Of Canada dropped their target price on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $222.09.

Cintas Company 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.