Bensler LLC Acquires 2,741 Shares of Cintas Co. (NASDAQ:CTAS)

Bensler LLC lifted its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 4.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,219 shares of the business services provider’s stock after acquiring an additional 2,741 shares during the quarter. Cintas makes up about 1.7% of Bensler LLC’s portfolio, making the stock its 21st biggest holding. Bensler LLC’s holdings in Cintas were worth $13,199,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CTAS. Cyrus J. Lawrence LLC bought a new position in shares of Cintas during the 4th quarter worth approximately $29,000. IAG Wealth Partners LLC boosted its stake in Cintas by 136.8% in the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 104 shares during the period. Meeder Asset Management Inc. boosted its stake in Cintas by 239.3% in the 4th quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 134 shares during the period. OFI Invest Asset Management acquired a new position in Cintas in the 4th quarter valued at $37,000. Finally, VSM Wealth Advisory LLC acquired a new position in Cintas in the 4th quarter valued at $40,000. 63.46% of the stock is currently owned by institutional investors.

Insider Activity at Cintas

In related news, Director Ronald W. Tysoe sold 8,521 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the transaction, the director now directly owns 27,029 shares of the company’s stock, valued at approximately $5,647,979.84. This represents a 23.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jim Rozakis sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $190.37, for a total value of $380,740.00. Following the transaction, the chief operating officer now directly owns 256,528 shares in the company, valued at approximately $48,835,235.36. This trade represents a 0.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is owned by corporate insiders.

Cintas Trading Up 0.8%

NASDAQ CTAS opened at $223.57 on Friday. The business’s 50-day moving average price is $214.67 and its two-hundred day moving average price is $205.70. Cintas Co. has a 12 month low of $170.93 and a 12 month high of $229.24. The firm has a market capitalization of $90.27 billion, a PE ratio of 53.90, a price-to-earnings-growth ratio of 3.98 and a beta of 1.08. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the company posted $3.84 EPS. The business’s revenue was up 8.4% on a year-over-year basis. On average, analysts expect that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.70%. Cintas’s payout ratio is 36.11%.

Analysts Set New Price Targets

CTAS has been the subject of several analyst reports. Redburn Atlantic cut Cintas from a “neutral” rating to a “sell” rating and set a $171.00 price objective for the company. in a report on Thursday, May 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $240.00 price objective (up from $215.00) on shares of Cintas in a report on Monday. Robert W. Baird lifted their price objective on Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a report on Thursday, March 27th. Truist Financial boosted their price target on Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Finally, Morgan Stanley boosted their price target on Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $215.81.

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.