UMB Bank n.a. Decreases Stock Holdings in Cintas Co. (NASDAQ:CTAS)

UMB Bank n.a. lowered its stake in shares of Cintas Co. (NASDAQ:CTAS) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,550 shares of the business services provider’s stock after selling 805 shares during the period. UMB Bank n.a.’s holdings in Cintas were worth $13,438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Trueblood Wealth Management LLC boosted its holdings in Cintas by 16.0% during the fourth quarter. Trueblood Wealth Management LLC now owns 3,933 shares of the business services provider’s stock worth $719,000 after buying an additional 543 shares in the last quarter. Annex Advisory Services LLC boosted its holdings in Cintas by 1.6% during the fourth quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider’s stock worth $23,283,000 after buying an additional 1,988 shares in the last quarter. Grove Bank & Trust boosted its holdings in Cintas by 52.8% during the fourth quarter. Grove Bank & Trust now owns 220 shares of the business services provider’s stock worth $40,000 after buying an additional 76 shares in the last quarter. Clarius Group LLC lifted its holdings in shares of Cintas by 6.0% in the fourth quarter. Clarius Group LLC now owns 2,209 shares of the business services provider’s stock valued at $404,000 after purchasing an additional 126 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its holdings in shares of Cintas by 2.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock valued at $512,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

CTAS has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. The Goldman Sachs Group reduced their price target on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Truist Financial reduced their price target on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Jefferies Financial Group reduced their price objective on shares of Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research note on Thursday, September 26th. Finally, Robert W. Baird reduced their price objective on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $198.46.

Cintas Price Performance

Cintas stock opened at $198.31 on Monday. Cintas Co. has a 52-week low of $146.63 and a 52-week high of $228.12. The firm has a fifty day moving average of $205.21 and a 200-day moving average of $205.14. The firm has a market capitalization of $80.03 billion, a P/E ratio of 47.81, a PEG ratio of 3.65 and a beta of 1.37. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the firm posted $3.61 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.79%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio (DPR) is 37.59%.

Cintas 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.