Hantz Financial Services Inc. Sells 1,429 Shares of Cintas Co. (NASDAQ:CTAS)

Hantz Financial Services Inc. lessened its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its stake in shares of Cintas by 299.3% in the 3rd quarter. State Street Corp now owns 14,555,558 shares of the business services provider's stock worth $2,996,697,000 after purchasing an additional 10,910,285 shares during the period. FMR LLC raised its position in Cintas by 297.3% in the third quarter. FMR LLC now owns 8,781,132 shares of the business services provider's stock worth $1,807,860,000 after acquiring an additional 6,571,128 shares during the period. Geode Capital Management LLC boosted its stake in shares of Cintas by 309.7% during the 3rd quarter. Geode Capital Management LLC now owns 8,248,271 shares of the business services provider's stock worth $1,693,654,000 after acquiring an additional 6,235,052 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Cintas by 264.7% during the 3rd quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider's stock valued at $693,503,000 after acquiring an additional 2,379,932 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Cintas by 308.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,522,921 shares of the business services provider's stock valued at $519,419,000 after purchasing an additional 1,904,926 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CTAS. Robert W. Baird reduced their price target on Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research report on Friday, December 20th. The Goldman Sachs Group reduced their target price on shares of Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a report on Friday, December 20th. UBS Group lowered their price target on shares of Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Morgan Stanley increased their price objective on shares of Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Finally, Truist Financial lowered their target price on shares of Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $198.46.

Cintas Price Performance

Cintas stock traded up $2.86 during midday trading on Thursday, reaching $201.42. 179,337 shares of the stock traded hands, compared to its average volume of 1,802,664. The stock has a market cap of $81.28 billion, a P/E ratio of 48.57, a PEG ratio of 3.84 and a beta of 1.37. The stock's fifty day moving average is $201.96 and its 200-day moving average is $206.34. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. Cintas Co. has a 12 month low of $150.48 and a 12 month high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. Cintas's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $3.61 earnings per share. As a group, equities research analysts anticipate that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, February 14th. Cintas's payout ratio 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.