Cintas Co. (NASDAQ:CTAS) Stock Position Cut by First American Trust FSB

First American Trust FSB trimmed its stake in shares of Cintas Co. (NASDAQ:CTAS) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,837 shares of the business services provider’s stock after selling 356 shares during the quarter. First American Trust FSB’s holdings in Cintas were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Zions Bancorporation N.A. lifted its position in Cintas by 52.5% in the fourth quarter. Zions Bancorporation N.A. now owns 13,047 shares of the business services provider’s stock worth $2,384,000 after purchasing an additional 4,489 shares during the period. TIAA Trust National Association raised its stake in shares of Cintas by 1.0% in the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock worth $983,000 after buying an additional 52 shares in the last quarter. EntryPoint Capital LLC lifted its holdings in shares of Cintas by 26.8% in the fourth quarter. EntryPoint Capital LLC now owns 1,443 shares of the business services provider’s stock valued at $264,000 after buying an additional 305 shares during the period. Zevenbergen Capital Investments LLC boosted its stake in Cintas by 1.2% during the fourth quarter. Zevenbergen Capital Investments LLC now owns 20,640 shares of the business services provider’s stock valued at $3,771,000 after buying an additional 240 shares in the last quarter. Finally, Corebridge Financial Inc. grew its holdings in Cintas by 5.7% during the fourth quarter. Corebridge Financial Inc. now owns 133,265 shares of the business services provider’s stock worth $24,348,000 after acquiring an additional 7,138 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Up 1.8 %

CTAS stock opened at $194.57 on Tuesday. The company has a 50 day moving average of $200.54 and a two-hundred day moving average of $208.93. The company has a market cap of $78.52 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 3.98 and a beta of 1.41. Cintas Co. has a 12-month low of $158.10 and a 12-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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.80%. Cintas’s dividend payout ratio is 37.59%.

Wall Street Analyst Weigh In

Several research firms recently commented on CTAS. Morgan Stanley increased their target price on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group reduced their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, December 20th. UBS Group cut their target price on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Citigroup started coverage on Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 target price for the company. Finally, Wells Fargo & Company dropped their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $199.79.

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.