TD Waterhouse Canada Inc. Grows Stake in Cintas Corporation $CTAS

TD Waterhouse Canada Inc. boosted its position in shares of Cintas Corporation (NASDAQ:CTAS) by 25.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,840 shares of the business services provider’s stock after purchasing an additional 3,848 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Cintas were worth $3,543,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Cintas by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock worth $7,994,594,000 after purchasing an additional 564,487 shares during the period. Nordea Investment Management AB increased its holdings in 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 worth $517,466,000 after purchasing an additional 158,785 shares during the period. Ameriprise Financial Inc. increased its holdings in Cintas by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,559,852 shares of the business services provider’s stock worth $524,460,000 after purchasing an additional 12,841 shares during the period. Amundi increased its holdings in Cintas by 39.0% during the 3rd quarter. Amundi now owns 2,223,411 shares of the business services provider’s stock worth $442,548,000 after purchasing an additional 623,770 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Cintas by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,603,999 shares of the business services provider’s stock worth $329,216,000 after purchasing an additional 7,813 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Ronald W. Tysoe sold 4,666 shares of the business’s stock in a transaction on Monday, April 20th. The stock was 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 $4,015,273.76. The trade was a 17.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 14.90% of the stock is currently owned by company insiders.

Cintas Trading Down 0.9%

Shares of NASDAQ:CTAS opened at $174.66 on Thursday. Cintas Corporation has a 12-month low of $165.60 and a 12-month high of $229.24. The business’s fifty day simple moving average is $186.03 and its 200-day simple moving average is $188.01. The company has a market capitalization of $69.88 billion, a PE ratio of 49.34, a P/E/G ratio of 3.10 and a beta of 1.01. 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 announced its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.24. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the business posted $1.13 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. As a group, equities research analysts predict that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be paid 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 payout ratio is 50.85%.

Analyst Upgrades and Downgrades

CTAS has been the topic of several research reports. Bank of America initiated coverage on Cintas in a report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price objective on the stock. Robert W. Baird upgraded Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective 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. Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and lifted their price target for the company from $205.00 to $245.00 in a report on Wednesday, January 14th. Finally, Stifel Nicolaus cut their price target on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $215.17.

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.