Hantz Financial Services Inc. Lowers Stake in Cintas Corporation $CTAS

Hantz Financial Services Inc. lowered its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,635 shares of the business services provider’s stock after selling 2,109 shares during the quarter. Hantz Financial Services Inc.’s holdings in Cintas were worth $8,165,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CTAS. WPG Advisers LLC purchased a new position in shares of Cintas in the 1st quarter valued at approximately $27,000. Saudi Central Bank purchased a new stake in Cintas in the 1st quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in Cintas by 800.0% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 128 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in Cintas in the 1st quarter valued at approximately $41,000. Finally, Resources Management Corp CT ADV purchased a new stake in shares of Cintas in the first quarter valued at approximately $41,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CTAS. JPMorgan Chase & Co. decreased their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Citigroup boosted their price objective on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. Royal Bank Of Canada decreased their price objective on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Cintas in a research note on Wednesday, October 8th. Finally, Robert W. Baird boosted their price target on Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Cintas has a consensus rating of “Hold” and a consensus price target of $222.09.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $183.98 on Friday. The business’s fifty day moving average price is $199.38 and its two-hundred day moving average price is $211.94. The stock has a market cap of $73.94 billion, a PE ratio of 41.72, a price-to-earnings-growth ratio of 3.18 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas announced that its Board of Directors has initiated a share buyback program on Tuesday, October 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, November 14th. Cintas’s dividend payout ratio (DPR) is currently 40.82%.

About Cintas

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.