UMB Bank n.a. Lowers Stake in Cintas Corporation $CTAS

UMB Bank n.a. lowered its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 4.1% in the second quarter, HoldingsChannel.com reports. The firm owned 64,209 shares of the business services provider’s stock after selling 2,776 shares during the period. UMB Bank n.a.’s holdings in Cintas were worth $14,310,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC acquired a new stake in Cintas during the 1st quarter worth approximately $270,000. Pinnacle Financial Partners Inc lifted its holdings in Cintas by 3.8% during the 1st quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider’s stock worth $12,327,000 after buying an additional 2,191 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings in Cintas by 51.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 9,967 shares of the business services provider’s stock worth $2,049,000 after buying an additional 3,404 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Cintas by 25.5% in the 1st quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider’s stock valued at $162,615,000 after purchasing an additional 160,820 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Cintas by 1.0% in the 1st quarter. Fifth Third Bancorp now owns 605,222 shares of the business services provider’s stock valued at $124,391,000 after purchasing an additional 5,784 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, July 18th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $240.00 target price on shares of Cintas in a report on Thursday, August 21st. Robert W. Baird lifted their target price on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. Morgan Stanley lifted their target price on shares of Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. started coverage on shares of Cintas in a report on Monday, July 14th. They set an “overweight” rating and a $239.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $224.54.

Cintas Stock Performance

Shares of CTAS stock opened at $200.13 on Friday. 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 0.52, a quick ratio of 1.82 and a current ratio of 2.09. The company has a 50 day moving average price of $214.38 and a 200 day moving average price of $212.59. The firm has a market capitalization of $80.65 billion, a price-to-earnings ratio of 45.38, a price-to-earnings-growth ratio of 3.44 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. Cintas’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.99 earnings per share. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Sell-side analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

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

Insider Buying and Selling at Cintas

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the transaction, the chief executive officer directly owned 622,712 shares in the company, valued at $137,557,080.80. This represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $1,136,121.48. Following the completion of the transaction, the director owned 21,945 shares in the company, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by insiders.

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.