Benjamin Edwards Inc. Purchases 6,582 Shares of Cintas Corporation $CTAS

Benjamin Edwards Inc. boosted its position in shares of Cintas Corporation (NASDAQ:CTAS) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 208,006 shares of the business services provider’s stock after purchasing an additional 6,582 shares during the period. Benjamin Edwards Inc. owned about 0.05% of Cintas worth $42,697,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC grew its position in Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after acquiring an additional 128 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in Cintas by 3,925.0% in the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after purchasing an additional 157 shares in the last quarter. Alpine Bank Wealth Management grew its holdings in shares of Cintas by 1,092.9% during the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after purchasing an additional 153 shares during the last quarter. Addison Advisors LLC increased its stake in shares of Cintas by 57.0% in the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after buying an additional 61 shares in the last quarter. Finally, Salomon & Ludwin LLC raised its holdings in shares of Cintas by 84.0% in the third quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock valued at $37,000 after buying an additional 84 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Stock Down 0.4%

Shares of NASDAQ:CTAS opened at $186.70 on Thursday. The company has a 50 day moving average price of $186.09 and a two-hundred day moving average price of $201.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71. The company has a market capitalization of $75.03 billion, a PE ratio of 54.43, a PEG ratio of 3.22 and a beta of 0.97. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 14th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, November 14th. Cintas’s dividend payout ratio is 52.48%.

Cintas announced that its board has initiated a share repurchase program on Tuesday, October 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Sanford C. Bernstein began coverage on shares of Cintas in a report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective on the stock. Robert W. Baird increased their price target on shares of Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. dropped their price objective on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Morgan Stanley reduced their price objective on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Finally, Rothschild Redb raised Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $212.00.

About Cintas

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.