US Bancorp DE Sells 2,126 Shares of Cintas Corporation $CTAS

US Bancorp DE lowered its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 214,105 shares of the business services provider's stock after selling 2,126 shares during the period. US Bancorp DE owned 0.05% of Cintas worth $47,718,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Cintas by 3.9% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider's stock valued at $258,000 after buying an additional 47 shares during the last quarter. Oarsman Capital Inc. raised its stake in shares of Cintas by 3.9% during the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider's stock worth $272,000 after purchasing an additional 49 shares during the period. Independent Wealth Network Inc. raised its stake in shares of Cintas by 4.8% during the 2nd quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider's stock worth $240,000 after purchasing an additional 49 shares during the period. Truvestments Capital LLC raised its stake in shares of Cintas by 17.4% during the 1st quarter. Truvestments Capital LLC now owns 338 shares of the business services provider's stock worth $69,000 after purchasing an additional 50 shares during the period. Finally, Kathmere Capital Management LLC raised its stake in shares of Cintas by 4.1% during the 1st quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider's stock worth $266,000 after purchasing an additional 51 shares during the period. Institutional investors own 63.46% of the company's stock.

Insider Buying and Selling at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the firm's stock in a transaction dated 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 owned 21,945 shares of the company's stock, valued at $4,904,049.15. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Martin Mucci purchased 1,200 shares of the stock in a transaction on Monday, July 21st. The stock was acquired at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the acquisition, the director owned 2,621 shares in the company, valued at approximately $583,303.55. This represents a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 14.90% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Robert W. Baird lifted their target price on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Wells Fargo & Company lowered their target price on Cintas from $221.00 to $218.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Citigroup increased their price target on Cintas from $172.00 to $176.00 and gave the stock a "sell" rating in a research note on Friday, September 26th. UBS Group boosted their price objective on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Cintas in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Cintas has a consensus rating of "Hold" and a consensus price target of $222.09.

Cintas Stock Down 3.6%

Shares of NASDAQ CTAS opened at $191.75 on Friday. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. The business has a 50-day simple moving average of $209.00 and a two-hundred day simple moving average of $213.08. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The company has a market cap of $77.27 billion, a P/E ratio of 43.48, a P/E/G ratio of 3.43 and a beta of 1.01.

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

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were paid a $0.45 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.80 annualized dividend and a yield of 0.9%. This is an increase from Cintas's previous quarterly dividend of $0.39. Cintas's dividend payout ratio is 40.82%.

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.

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