UMB Bank n.a. Lowers Stock Holdings in Cintas Corporation $CTAS

Key Points

• UMB Bank n.a. reduced its stake in Cintas Corporation by 4.1% during the second quarter, now holding 64,209 shares valued at approximately $14.31 million.
• Cintas recently reported earnings of $1.09 per share for the last quarter, surpassing analysts' expectations and achieving revenue of $2.67 billion.
• The company declared a quarterly dividend increase from $0.39 to $0.45 per share, with an annualized yield of 0.9%.

UMB Bank n.a. reduced its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock valued at $232,000 after purchasing an additional 108 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Cintas by 0.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider's stock valued at $93,969,000 after acquiring an additional 3,504 shares in the last quarter. Woodline Partners LP bought a new position in Cintas in the 4th quarter worth $3,761,000. Waverly Advisors LLC boosted its stake in shares of Cintas by 102.1% during the 4th quarter. Waverly Advisors LLC now owns 11,509 shares of the business services provider's stock valued at $2,103,000 after purchasing an additional 5,814 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC raised its stake in Cintas by 28.8% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 4,031 shares of the business services provider's stock worth $737,000 after buying an additional 901 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Stock Up 1.2%

Shares of Cintas stock traded up $2.46 during trading on Monday, reaching $202.59. The company's stock had a trading volume of 2,784,364 shares, compared to its average volume of 1,743,895. The company has a 50-day simple moving average of $214.38 and a two-hundred day simple moving average of $212.73. Cintas Corporation has a 1-year low of $180.78 and a 1-year high of $229.24. The company has a market cap of $81.64 billion, a price-to-earnings ratio of 45.94, a P/E/G ratio of 3.45 and a beta of 1.01. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data 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. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the previous year, the firm posted $3.99 earnings per share. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, equities analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Cintas's previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. Cintas's dividend payout ratio (DPR) is presently 40.82%.

Insiders Place Their Bets

In other Cintas news, Director Martin Mucci acquired 1,200 shares of the company's stock in a transaction that occurred on Monday, July 21st. The stock was purchased at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the acquisition, the director owned 2,621 shares of the company's stock, valued at approximately $583,303.55. This trade represents a 84.45% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value 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. The trade was a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on CTAS shares. The Goldman Sachs Group raised their target price on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $240.00 price objective on shares of Cintas in a report on Thursday, August 21st. Wells Fargo & Company raised Cintas from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. JPMorgan Chase & Co. assumed coverage on shares of Cintas in a research report on Monday, July 14th. They set an "overweight" rating and a $239.00 price objective on the stock. Finally, Robert W. Baird boosted their target price on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $224.54.

Cintas Company 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.