Cintas Corporation $CTAS Shares Sold by UMB Bank n.a.

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. lowered its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 64,209 shares of the business services provider's stock after selling 2,776 shares during the quarter. UMB Bank n.a.'s holdings in Cintas were worth $14,310,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. My Legacy Advisors LLC raised its holdings in shares of Cintas by 1.0% in the second quarter. My Legacy Advisors LLC now owns 10,164 shares of the business services provider's stock valued at $2,201,000 after purchasing an additional 100 shares during the last quarter. Diversified Trust Co grew its stake in shares of Cintas by 0.4% in the second quarter. Diversified Trust Co now owns 21,796 shares of the business services provider's stock valued at $4,858,000 after acquiring an additional 88 shares in the last quarter. IFM Investors Pty Ltd grew its position in shares of Cintas by 5.1% during the 2nd quarter. IFM Investors Pty Ltd now owns 70,775 shares of the business services provider's stock worth $15,774,000 after purchasing an additional 3,466 shares in the last quarter. Grove Bank & Trust grew its holdings in shares of Cintas by 26.0% during the 2nd quarter. Grove Bank & Trust now owns 484 shares of the business services provider's stock worth $108,000 after purchasing an additional 100 shares in the last quarter. Finally, Moody National Bank Trust Division acquired a new stake in Cintas during the second quarter worth about $202,000. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Performance

CTAS traded down $1.55 during trading on Tuesday, hitting $201.04. The company's stock had a trading volume of 1,388,429 shares, compared to its average volume of 1,741,896. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The firm has a market cap of $81.02 billion, a PE ratio of 45.57, a P/E/G ratio of 3.45 and a beta of 1.01. The business's 50 day simple moving average is $214.09 and its 200-day simple moving average is $212.73. 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 announced its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The company's revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, sell-side analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. This is an increase from Cintas's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, August 15th. Cintas's payout ratio is currently 40.82%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $240.00 price objective on shares of Cintas in a research note on Thursday, August 21st. 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 target price on the stock. Morgan Stanley upped their target price on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Robert W. Baird upped their price objective on shares of Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Finally, The Goldman Sachs Group increased their price target on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $224.54.

Insider Buying and Selling at Cintas

In related news, CEO Todd M. Schneider sold 17,301 shares of the business's 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 completion of the transaction, the chief executive officer directly owned 622,712 shares in the company, valued at $137,557,080.80. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the business's stock in a transaction that occurred 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 transaction, the director directly owned 21,945 shares of the company's stock, valued at $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 insiders.

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.