Hantz Financial Services Inc. Sells 4,884 Shares of Cintas Corporation $CTAS

Hantz Financial Services Inc. cut its holdings in Cintas Corporation (NASDAQ:CTAS) by 14.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,176 shares of the business services provider’s stock after selling 4,884 shares during the period. Hantz Financial Services Inc.’s holdings in Cintas were worth $5,487,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Richardson Financial Services Inc. increased its holdings in shares of Cintas by 1.1% in the 4th quarter. Richardson Financial Services Inc. now owns 5,058 shares of the business services provider’s stock worth $951,000 after buying an additional 54 shares during the last quarter. Woodward Diversified Capital LLC increased its holdings in shares of Cintas by 4.8% in the 4th quarter. Woodward Diversified Capital LLC now owns 1,288 shares of the business services provider’s stock worth $242,000 after buying an additional 59 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Cintas by 1.4% in the 4th quarter. Mather Group LLC. now owns 4,381 shares of the business services provider’s stock worth $824,000 after buying an additional 59 shares during the last quarter. Oakworth Capital Inc. increased its holdings in shares of Cintas by 4.8% in the 3rd quarter. Oakworth Capital Inc. now owns 1,300 shares of the business services provider’s stock worth $267,000 after buying an additional 60 shares during the last quarter. Finally, Ausdal Financial Partners Inc. increased its holdings in shares of Cintas by 2.8% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock worth $510,000 after buying an additional 63 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Performance

Shares of NASDAQ:CTAS opened at $172.93 on Tuesday. The company has a market capitalization of $69.19 billion, a price-to-earnings ratio of 48.85, a PEG ratio of 3.04 and a beta of 0.96. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $229.24. The firm’s 50-day moving average is $174.53 and its 200 day moving average is $185.23. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, meeting the consensus estimate of $1.24. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.82 billion. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.13 EPS. Research analysts predict that Cintas Corporation will post 4.89 EPS for the current year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, May 15th. Cintas’s dividend payout ratio is presently 50.85%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CTAS shares. Weiss Ratings downgraded shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Citigroup reduced their target price on shares of Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a report on Tuesday, March 31st. Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 target price on the stock in a report on Wednesday, March 11th. UBS Group reiterated a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Finally, Bank of America began coverage on shares of Cintas in a report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Cintas presently has a consensus rating of “Hold” and a consensus target price of $215.17.

Insider Buying and Selling

In related news, Director Ronald W. Tysoe sold 4,666 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the transaction, the director directly owned 22,448 shares in the company, valued at approximately $4,015,273.76. This represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 14.90% of the company’s stock.

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.