Bensler LLC Acquires 2,246 Shares of Cintas Corporation $CTAS

Bensler LLC lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 3.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 66,465 shares of the business services provider’s stock after purchasing an additional 2,246 shares during the quarter. Cintas comprises approximately 1.7% of Bensler LLC’s holdings, making the stock its 21st biggest position. Bensler LLC’s holdings in Cintas were worth $14,813,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CTAS. AE Wealth Management LLC boosted its stake in Cintas by 84.0% in the 2nd quarter. AE Wealth Management LLC now owns 43,865 shares of the business services provider’s stock valued at $9,776,000 after purchasing an additional 20,030 shares during the period. Stokes Family Office LLC lifted its holdings in shares of Cintas by 0.3% during the second quarter. Stokes Family Office LLC now owns 27,936 shares of the business services provider’s stock worth $6,226,000 after buying an additional 75 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Cintas in the second quarter valued at about $48,000. Chancellor Financial Group WB LP acquired a new position in shares of Cintas in the second quarter valued at about $212,000. Finally, Savant Capital LLC increased its position in Cintas by 43.1% during the second quarter. Savant Capital LLC now owns 24,256 shares of the business services provider’s stock worth $5,406,000 after acquiring an additional 7,306 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of NASDAQ:CTAS opened at $185.07 on Friday. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24. The stock has a market capitalization of $74.37 billion, a price-to-earnings ratio of 41.97, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The company’s 50 day simple moving average is $196.04 and its 200 day simple moving average is $211.04.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the business posted $1.10 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, research analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas declared that its board has approved a share repurchase program on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s payout ratio is presently 40.82%.

Analyst Ratings Changes

CTAS has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a report on Friday, September 26th. Morgan Stanley lifted their price target on shares of Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Royal Bank Of Canada reduced their price target on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 25th. Wells Fargo & Company dropped their price objective on Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Finally, Robert W. Baird upped their target price on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $222.09.

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.