Cintas Corporation $CTAS Shares Acquired by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Cintas stake by 411% in the third quarter, acquiring 122,219 additional shares for a total holding of 151,953 shares valued at approximately $29.6 million. Institutional investors collectively own 63.46% of CTAS.
• Cintas exceeded quarterly expectations, reporting $1.39 in earnings per share and $3.01 billion in revenue, with revenue up 10.9% year over year. The company also raised its quarterly dividend to $0.52 per share, equivalent to a 1.0% yield.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $218.50, near the stock’s reported trading price of $213.69.

TD Waterhouse Canada Inc. raised its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 411.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,953 shares of the business services provider's stock after acquiring 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.

A number of other hedge funds have also recently bought and sold shares of CTAS. Whipplewood Advisors LLC grew its stake in shares of Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider's stock worth $25,000 after acquiring an additional 137 shares in the last quarter. First United Bank & Trust purchased a new stake in shares of Cintas in the first quarter valued at about $25,000. Meeder Asset Management Inc. bought a new position in shares of Cintas during the second quarter valued at about $27,000. Archer Investment Corp bought a new position in shares of Cintas during the first quarter valued at about $32,000. Finally, Pension & Wealth Management Advisors Inc. bought a new position in shares of Cintas during the third quarter valued at about $37,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Trading Up 0.3%

Shares of Cintas stock opened at $213.69 on Friday. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $219.16. The firm has a market cap of $84.85 billion, a PE ratio of 42.15, a P/E/G ratio of 3.40 and a beta of 0.92. The stock has a fifty day moving average price of $200.99 and a 200-day moving average price of $187.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.04. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The firm's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Equities research analysts anticipate that Cintas Corporation will post 5.52 EPS for the current year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th were given a $0.52 dividend. This is a positive change from Cintas's previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 14th. Cintas's payout ratio is presently 41.03%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CTAS. Citigroup boosted their price target on shares of Cintas from $180.00 to $181.00 and gave the stock a "sell" rating in a report on Wednesday, September 30th. Wells Fargo & Company reiterated an "overweight" rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Argus lifted their target price on shares of Cintas from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Tuesday, September 29th. Sanford C. Bernstein reissued a "market perform" rating on shares of Cintas in a research report on Thursday, September 10th. Finally, Rothschild & Co Redburn boosted their target price on Cintas from $184.00 to $198.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 28th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $218.50.

Cintas 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.

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