First American Bank Has $20.98 Million Position in Cintas Corporation $CTAS

Key Points

• First American Bank reduced its holdings in Cintas Corporation by 3.4% in Q2, valuing their position at approximately $20.98 million and representing 1.4% of their total portfolio.
• Cintas reported a Q2 earnings per share (EPS) of $1.20, slightly surpassing estimates, with revenue of $2.72 billion, marking an 8.7% increase from the previous year.
• The company recently announced a quarterly dividend of $0.45 per share, indicating a positive change from the previous dividend of $0.39, with an annualized yield of 0.9%.

First American Bank lessened its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 3.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 94,140 shares of the business services provider's stock after selling 3,284 shares during the period. Cintas accounts for 1.4% of First American Bank's portfolio, making the stock its 15th largest position. First American Bank's holdings in Cintas were worth $20,981,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Crestwood Advisors Group LLC bought a new stake in Cintas in the first quarter valued at about $270,000. Pinnacle Financial Partners Inc grew its position in shares of 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 during the period. China Universal Asset Management Co. Ltd. grew its position in shares of 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 during the period. BNP Paribas Financial Markets increased its stake 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 acquiring an additional 160,820 shares during the last quarter. Finally, Fifth Third Bancorp raised its position 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 acquiring an additional 5,784 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.

Insider Buying and Selling

In other news, Director Ronald W. Tysoe sold 5,084 shares of the firm's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the completion of the sale, the director owned 21,945 shares in the company, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Todd M. Schneider sold 17,301 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the sale, the chief executive officer owned 622,712 shares of the company's stock, valued at $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by corporate insiders.

Cintas Stock Performance

CTAS opened at $204.24 on Friday. The firm has a market capitalization of $82.30 billion, a PE ratio of 45.29, a PEG ratio of 3.49 and a beta of 1.01. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The business's 50-day simple moving average is $212.81 and its 200 day simple moving average is $212.62. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.82 and a current ratio of 2.24.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, sell-side analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. 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. Cintas's payout ratio is currently 39.91%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CTAS. Wells Fargo & Company decreased their price objective on shares of Cintas from $221.00 to $218.00 and set an "equal weight" rating for the company in a report on Thursday. The Goldman Sachs Group upped their price objective on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. UBS Group lifted their target price on Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Morgan Stanley boosted their target price on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. cut their price objective on Cintas from $246.00 to $230.00 and set an "overweight" rating on the stock in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Cintas currently has an average rating of "Hold" and an average price target of $222.09.

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.

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