Cintas Co. (NASDAQ:CTAS) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lowered its position in Cintas Co. (NASDAQ:CTAS) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,966 shares of the business services provider’s stock after selling 1,429 shares during the quarter. Hantz Financial Services Inc.’s holdings in Cintas were worth $7,119,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Algert Global LLC purchased a new position in Cintas in the second quarter valued at $328,000. NewEdge Advisors LLC raised its position in shares of Cintas by 21.0% during the 2nd quarter. NewEdge Advisors LLC now owns 3,394 shares of the business services provider’s stock worth $2,377,000 after acquiring an additional 589 shares in the last quarter. Quarry LP lifted its stake in Cintas by 500.0% during the second quarter. Quarry LP now owns 108 shares of the business services provider’s stock worth $76,000 after purchasing an additional 90 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Cintas by 18.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 547 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 85 shares in the last quarter. Finally, Advisory Alpha LLC acquired a new stake in Cintas during the second quarter worth approximately $248,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. The Goldman Sachs Group cut their price target on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company lowered their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. Finally, Truist Financial reduced their price target on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cintas presently has a consensus rating of “Hold” and a consensus price target of $198.46.

Cintas Trading Down 0.9 %

NASDAQ:CTAS opened at $198.56 on Thursday. The stock has a market capitalization of $80.13 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 3.84 and a beta of 1.37. Cintas Co. has a 1 year low of $149.70 and a 1 year high of $228.12. The stock has a fifty day moving average price of $202.36 and a two-hundred day moving average price of $206.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.61 earnings per share. As a group, sell-side analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio (DPR) is 37.61%.

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.