First National Bank of Omaha Invests $2.83 Million in Cintas Corporation $CTAS

First National Bank of Omaha purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,634 shares of the business services provider’s stock, valued at approximately $2,829,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CTAS. AMG National Trust Bank purchased a new stake in Cintas during the second quarter worth $1,973,000. Summit Global Investments bought a new position in shares of Cintas in the 2nd quarter worth $950,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Cintas during the 2nd quarter worth $4,972,000. Riverbridge Partners LLC lifted its stake in shares of Cintas by 7.7% during the 1st quarter. Riverbridge Partners LLC now owns 229,158 shares of the business services provider’s stock worth $38,760,000 after purchasing an additional 16,437 shares during the last quarter. Finally, SEB Asset Management AB purchased a new position in Cintas in the first quarter valued at about $22,366,000. 63.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CTAS shares. Argus raised shares of Cintas to a “strong-buy” rating in a research report on Friday, July 17th. Weiss Ratings raised Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and increased their price objective for the company from $200.00 to $230.00 in a report on Thursday, July 16th. Robert W. Baird boosted their target price on Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. Finally, UBS Group reiterated a “buy” rating and issued a $230.00 price target (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Cintas currently has a consensus rating of “Moderate Buy” and an average target price of $212.31.

Cintas Stock Up 0.8%

Shares of CTAS opened at $199.45 on Wednesday. The company has a market capitalization of $79.81 billion, a price-to-earnings ratio of 53.33, a PEG ratio of 3.22 and a beta of 0.91. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $219.87. The stock’s 50-day moving average price is $189.72 and its 200-day moving average price is $184.77. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period last year, the business earned $1.09 earnings per share. Cintas’s quarterly revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, sell-side analysts predict that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a $0.52 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. This is an increase from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio (DPR) is presently 55.61%.

Cintas Profile

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.