Benjamin Edwards Inc. Trims Holdings in Cintas Corporation $CTAS

Key Points

• Benjamin Edwards Inc. cut its Cintas stake by 12.8% in the second quarter, selling 24,198 shares and retaining 165,240 shares valued at approximately $28.1 million. Institutional investors and hedge funds collectively own 63.46% of CTAS.
• Analysts remain broadly positive, with Cintas receiving a “Moderate Buy” consensus rating and an average price target of $212.31. Recent targets include $250 from Wells Fargo, $231 from Goldman Sachs and $230 from UBS.
• Cintas exceeded quarterly earnings and revenue expectations, reporting $1.29 in EPS and $2.91 billion in revenue, while revenue rose 8.9% year over year. The company also increased its quarterly dividend to $0.52 per share, implying a 1.0% annual yield.

Benjamin Edwards Inc. reduced its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 12.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,240 shares of the business services provider's stock after selling 24,198 shares during the period. Benjamin Edwards Inc.'s holdings in Cintas were worth $28,105,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nemes Rush Group LLC purchased a new stake in Cintas during the 4th quarter worth $25,000. First United Bank & Trust acquired a new stake in shares of Cintas during the 1st quarter valued at approximately $25,000. Whipplewood Advisors LLC boosted its stake in Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider's stock valued at $25,000 after acquiring an additional 137 shares during the period. Swiss RE Ltd. bought a new position in Cintas during the 4th quarter worth $25,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Cintas in the 4th quarter worth about $26,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CTAS. Argus upgraded Cintas to a "strong-buy" rating in a research report on Friday, July 17th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. The Goldman Sachs Group reiterated a "buy" rating and issued a $231.00 target price on shares of Cintas in a research report on Wednesday, July 15th. Royal Bank Of Canada restated a "sector perform" rating and issued a $206.00 price objective on shares of Cintas in a report on Thursday, July 16th. Finally, UBS Group restated a "buy" rating and set a $230.00 target price (up from $228.00) on shares of Cintas in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $212.31.

Cintas Price Performance

Cintas stock opened at $204.18 on Friday. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $219.16. The business's fifty day moving average is $194.43 and its two-hundred day moving average is $185.51. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. The firm has a market cap of $81.71 billion, a P/E ratio of 54.59, a P/E/G ratio of 3.30 and a beta of 0.92.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping 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 firm had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $2.87 billion. During the same period in the previous year, the business posted $1.09 EPS. The company's quarterly revenue was up 8.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities research analysts forecast that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend 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 55.61%.

Cintas Company 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.

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