Cintas Corporation $CTAS Stock Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its position in Cintas Corporation (NASDAQ:CTAS) by 411.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,953 shares of the business services provider’s stock after purchasing an additional 122,219 shares during the period. TD Waterhouse Canada Inc.’s holdings in Cintas were worth $29,640,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in Cintas in the second quarter worth $4,520,425,000. Bank of New York Mellon Corp bought a new stake in shares of Cintas in the second quarter valued at $644,334,000. Amundi raised its stake in shares of Cintas by 6.3% in the first quarter. Amundi now owns 2,402,362 shares of the business services provider’s stock valued at $406,336,000 after buying an additional 142,576 shares during the period. Legal & General Group Plc purchased a new position in shares of Cintas during the 2nd quarter valued at $386,159,000. Finally, Pictet Asset Management Holding SA lifted its position in shares of Cintas by 8.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,167,957 shares of the business services provider’s stock valued at $366,673,000 after buying an additional 165,752 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Stock Performance

NASDAQ:CTAS opened at $213.69 on Friday. The business’s fifty day moving average is $200.99 and its 200 day moving average is $187.24. The firm has a market cap of $84.85 billion, a price-to-earnings ratio of 42.15, a PEG ratio of 3.40 and a beta of 0.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $219.16.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.35 by $0.04. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the company earned $1.20 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Research analysts predict that Cintas Corporation will post 5.52 EPS for the current year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were given a dividend of $0.52 per share. This is a boost from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 14th. Cintas’s dividend payout ratio (DPR) is currently 41.03%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company reiterated an “overweight” rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. The Goldman Sachs Group lifted their price objective on Cintas from $231.00 to $239.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Robert W. Baird set a $222.00 price objective on Cintas and gave the company an “outperform” rating in a research note on Thursday, September 24th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Cintas in a report on Thursday, September 10th. Finally, Weiss Ratings raised shares of Cintas from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.50.

Cintas Company Profile

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.