Bensler LLC Has $13.20 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Bensler LLC boosted its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 4.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 64,219 shares of the business services provider's stock after acquiring an additional 2,741 shares during the period. Cintas accounts for 1.7% of Bensler LLC's portfolio, making the stock its 21st largest position. Bensler LLC's holdings in Cintas were worth $13,199,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cyrus J. Lawrence LLC acquired a new stake in Cintas during the 4th quarter worth $29,000. IAG Wealth Partners LLC grew its holdings in Cintas by 136.8% during the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock worth $33,000 after acquiring an additional 104 shares during the period. Meeder Asset Management Inc. grew its holdings in Cintas by 239.3% during the 4th quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock worth $35,000 after acquiring an additional 134 shares during the period. OFI Invest Asset Management acquired a new stake in Cintas during the 4th quarter worth $37,000. Finally, VSM Wealth Advisory LLC acquired a new stake in Cintas during the 4th quarter worth $40,000. Institutional investors and hedge funds own 63.46% of the company's stock.

Insiders Place Their Bets

In other news, COO Jim Rozakis sold 2,000 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the transaction, the chief operating officer now directly owns 256,528 shares in the company, valued at $48,835,235.36. The trade was a 0.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the business's stock in a transaction dated 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 owns 27,029 shares in the company, valued at $5,647,979.84. This represents a 23.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CTAS shares. Truist Financial lifted their price target on shares of Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Wells Fargo & Company lifted their price target on shares of Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a research report on Thursday, March 27th. Citigroup started coverage on shares of Cintas in a research report on Monday, February 24th. They set a "sell" rating and a $161.00 price target on the stock. Argus raised shares of Cintas to a "strong-buy" rating in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $240.00 price target (up from $215.00) on shares of Cintas in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $215.81.

Cintas Stock Down 0.7%

NASDAQ:CTAS traded down $1.59 on Friday, hitting $221.98. 1,252,851 shares of the company's stock were exchanged, compared to its average volume of 1,704,159. The firm has a 50-day moving average price of $214.67 and a 200-day moving average price of $205.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. Cintas Co. has a 52 week low of $171.26 and a 52 week high of $229.24. The company has a market cap of $89.63 billion, a P/E ratio of 53.52, a price-to-earnings-growth ratio of 3.98 and a beta of 1.08.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.60 billion. During the same period in the previous year, the firm posted $3.84 EPS. The company's revenue for the quarter was up 8.4% on a year-over-year basis. As a group, analysts expect that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

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

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.