AMG National Trust Bank Makes New Investment in Cintas Corporation $CTAS

Key Points

• AMG National Trust Bank acquired 11,600 Cintas shares during the second quarter, valued at approximately $1.97 million. Institutional investors and hedge funds collectively own 63.46% of CTAS.
• Cintas exceeded quarterly expectations, reporting $1.29 in EPS and $2.91 billion in revenue, with year-over-year revenue growth of 8.9%. The company guided to fiscal 2027 EPS of $5.36–$5.50.
• Cintas increased its quarterly dividend to $0.52 per share, or $2.08 annually, representing a 1.0% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $212.31.

AMG National Trust Bank bought a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 11,600 shares of the business services provider's stock, valued at approximately $1,973,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. One Capital Management LLC lifted its holdings in shares of Cintas by 0.9% in the fourth quarter. One Capital Management LLC now owns 6,160 shares of the business services provider's stock worth $1,159,000 after acquiring an additional 53 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Cintas by 0.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider's stock valued at $1,236,000 after acquiring an additional 58 shares during the last quarter. Sachetta LLC boosted its holdings in shares of Cintas by 46.0% during the 1st quarter. Sachetta LLC now owns 200 shares of the business services provider's stock valued at $34,000 after acquiring an additional 63 shares in the last quarter. Ausdal Financial Partners Inc. grew its position in Cintas by 2.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider's stock worth $510,000 after acquiring an additional 63 shares during the last quarter. Finally, Elyxium Wealth LLC increased its holdings in Cintas by 4.9% in the 4th quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider's stock worth $257,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Price Performance

CTAS stock opened at $199.52 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. The firm has a market cap of $79.84 billion, a price-to-earnings ratio of 53.35, a PEG ratio of 3.22 and a beta of 0.91. The company's fifty day simple moving average is $188.85 and its 200 day simple moving average is $184.65. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $221.36.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, analysts expect that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $0.52 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. This is an increase from Cintas's previous quarterly dividend of $0.45. Cintas's dividend payout ratio (DPR) is presently 55.61%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CTAS shares. UBS Group restated a "buy" rating and set a $230.00 price target (up from $228.00) on shares of Cintas in a report on Thursday, July 16th. Robert W. Baird raised their target price on Cintas from $200.00 to $214.00 and gave the stock an "outperform" rating in a research report on Thursday, July 16th. Truist Financial cut their target price on Cintas from $255.00 to $225.00 and set a "buy" rating on the stock in a report on Monday, June 15th. The Goldman Sachs Group reissued a "buy" rating and issued a $231.00 price target on shares of Cintas in a research note on Wednesday, July 15th. Finally, Argus upgraded Cintas to a "strong-buy" rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Cintas has a consensus rating of "Moderate Buy" and an average target price of $212.31.

Cintas Profile

Cintas Corporation NASDAQ: CTAS is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.

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