TD Waterhouse Canada Inc. Sells 16,197 Shares of Cintas Corporation $CTAS

TD Waterhouse Canada Inc. lowered its position in Cintas Corporation (NASDAQ:CTAS) by 51.9% in the third quarter, Holdings Channel.com reports. The fund owned 14,992 shares of the business services provider’s stock after selling 16,197 shares during the period. TD Waterhouse Canada Inc.’s holdings in Cintas were worth $3,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CTAS. Alpha Financial Partners LLC lifted its position in Cintas by 2.9% in the second quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock worth $357,000 after purchasing an additional 45 shares during the period. Portside Wealth Group LLC raised its stake in shares of Cintas by 3.5% in the 2nd quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock valued at $303,000 after buying an additional 46 shares in the last quarter. Elyxium Wealth LLC lifted its holdings in shares of Cintas by 3.8% during the 2nd quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock worth $295,000 after acquiring an additional 48 shares during the period. PDS Planning Inc boosted its position in shares of Cintas by 2.0% during the 2nd quarter. PDS Planning Inc now owns 2,508 shares of the business services provider’s stock valued at $559,000 after acquiring an additional 49 shares in the last quarter. Finally, Copperwynd Financial LLC increased its stake in Cintas by 4.0% in the second quarter. Copperwynd Financial LLC now owns 1,306 shares of the business services provider’s stock valued at $291,000 after acquiring an additional 50 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CTAS shares. Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and raised their price target for the stock from $205.00 to $245.00 in a research note on Wednesday, January 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Argus upgraded Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Redburn Partners set a $184.00 price target on Cintas in a research note on Tuesday, November 11th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $214.86.

Cintas Trading Up 0.9%

CTAS stock opened at $191.39 on Friday. The business has a fifty day moving average price of $188.90 and a 200 day moving average price of $198.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24. The stock has a market capitalization of $76.53 billion, a price-to-earnings ratio of 55.80, a P/E/G ratio of 3.25 and a beta of 0.97.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, February 13th. Cintas’s dividend payout ratio (DPR) is presently 52.48%.

Cintas declared that its board has initiated a stock repurchase 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 buy up to 1.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Cintas 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.