Hantz Financial Services Inc. decreased its holdings in shares of Cintas Corporation (NASDAQ:CTAS – Free Report) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Cintas by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock valued at $7,994,594,000 after buying an additional 564,487 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Cintas by 6.2% during the 4th quarter. Nordea Investment Management AB now owns 2,729,394 shares of the business services provider’s stock valued at $517,466,000 after buying an additional 158,785 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Cintas by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,559,852 shares of the business services provider’s stock valued at $524,460,000 after buying an additional 12,841 shares in the last quarter. Amundi lifted its stake in shares of Cintas by 39.0% during the 3rd quarter. Amundi now owns 2,223,411 shares of the business services provider’s stock valued at $442,548,000 after buying an additional 623,770 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in shares of Cintas by 10.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,002,205 shares of the business services provider’s stock valued at $376,647,000 after buying an additional 181,952 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Citigroup lowered their target price on shares of Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a research note on Tuesday, March 31st. UBS Group restated a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Bank of America assumed coverage on shares of Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 target price on the stock. Stifel Nicolaus lowered their target price on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Finally, 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 research note on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $215.17.
Insider Buying and Selling
In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the business’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $178.87, for a total value of $834,607.42. Following the sale, the director owned 22,448 shares in the company, valued at $4,015,273.76. The trade was a 17.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 14.90% of the stock is currently owned by insiders.
Cintas Price Performance
Shares of CTAS stock opened at $172.93 on Tuesday. The stock has a market cap of $69.19 billion, a P/E ratio of 48.85, a PEG ratio of 3.04 and a beta of 0.96. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $229.24. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $174.53 and its two-hundred day simple moving average is $185.23.
Cintas (NASDAQ:CTAS – Get Free Report) last announced its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 EPS. Analysts predict that Cintas Corporation will post 4.89 EPS for the current fiscal year.
Cintas Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be paid a $0.45 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s payout ratio is presently 50.85%.
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.
Featured Articles
- Five stocks we like better than Cintas
- SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns
- Microsoft Stock Discount May Be Ending as AI Catalysts Build
- Apparel Earnings Winners and Losers: Ralph Lauren Takes Off
- Why Walmart, Target and TJX Got Such Different Reactions After Earnings
Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.com's FREE daily email newsletter.
