First National Bank of Omaha Purchases Shares of 16,634 Cintas Corporation $CTAS

Key Points

• First National Bank of Omaha acquired 16,634 Cintas shares in the second quarter, valued at approximately $2.83 million. Institutional investors collectively own 63.46% of the company.
• Analysts maintain a generally positive outlook, with Cintas receiving a consensus “Moderate Buy” rating and an average price target of $212.31.
• Cintas exceeded quarterly expectations, reporting $1.29 in EPS and $2.91 billion in revenue, while revenue grew 8.9% year over year. The company also raised its quarterly dividend to $0.52 per share, representing a 1.0% annual yield.

First National Bank of Omaha acquired a new position in Cintas Corporation (NASDAQ:CTAS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,634 shares of the business services provider's stock, valued at approximately $2,829,000.

A number of other large investors also recently modified their holdings of the company. Nemes Rush Group LLC purchased a new stake in Cintas in the 4th quarter worth $25,000. Swiss RE Ltd. purchased a new position in Cintas in the 4th quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new position in Cintas in the 4th quarter worth approximately $26,000. Camelot Portfolios LLC purchased a new stake in Cintas during the 4th quarter valued at approximately $26,000. Finally, Triumph Capital Management bought a new stake in shares of Cintas during the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $206.00 target price on shares of Cintas in a research note on Thursday, July 16th. Wells Fargo & Company restated an "overweight" rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. The Goldman Sachs Group reiterated a "buy" rating and issued a $231.00 target price on shares of Cintas in a research report on Wednesday, July 15th. Robert W. Baird raised their price target on Cintas from $200.00 to $214.00 and gave the company an "outperform" rating in a report on Thursday, July 16th. Finally, Argus raised Cintas to a "strong-buy" rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cintas has a consensus rating of "Moderate Buy" and an average target price of $212.31.

Cintas Price Performance

CTAS stock opened at $199.45 on Wednesday. The stock has a market cap of $79.81 billion, a PE ratio of 53.33, a P/E/G ratio of 3.22 and a beta of 0.91. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.87. The company has a 50-day moving average price of $189.72 and a 200 day moving average price of $184.77. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28.

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

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a $0.52 dividend. This is a boost from Cintas's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.08 annualized dividend and a yield of 1.0%. Cintas's dividend payout ratio is currently 55.61%.

About Cintas

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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