TD Asset Management Inc Has $163.97 Million Stock Holdings in Cintas Corporation $CTAS

Key Points

• TD Asset Management Inc has reduced its holdings in Cintas Corporation by 8.5%, owning approximately $163.97 million worth of stock after selling 68,494 shares during the second quarter.
• CEO Todd M. Schneider sold 17,301 shares for about $3.82 million, decreasing his ownership stake by 2.70%, while Director Martin Mucci increased his stake by 84.45% by acquiring 1,200 shares.
• Cintas reported a positive quarterly earnings result, with revenue up 8.7% year-over-year and a dividend increase from $0.39 to $0.45 per share, reflecting a strong financial performance.

TD Asset Management Inc trimmed its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 735,696 shares of the business services provider's stock after selling 68,494 shares during the quarter. TD Asset Management Inc owned about 0.18% of Cintas worth $163,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in CTAS. Brighton Jones LLC boosted its holdings in Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock worth $232,000 after acquiring an additional 108 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Cintas by 75.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 221,026 shares of the business services provider's stock worth $45,428,000 after acquiring an additional 95,244 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in Cintas in the first quarter worth approximately $232,000. Cyndeo Wealth Partners LLC boosted its holdings in Cintas by 37.5% in the first quarter. Cyndeo Wealth Partners LLC now owns 5,691 shares of the business services provider's stock worth $1,170,000 after acquiring an additional 1,553 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in shares of Cintas in the first quarter worth approximately $627,000. Institutional investors own 63.46% of the company's stock.

Insider Activity at Cintas

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the completion of the transaction, the chief executive officer directly owned 622,712 shares of the company's stock, valued at approximately $137,557,080.80. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Martin Mucci acquired 1,200 shares of Cintas stock in a transaction on Monday, July 21st. The shares were purchased at an average cost of $222.55 per share, with a total value of $267,060.00. Following the completion of the acquisition, the director owned 2,621 shares of the company's stock, valued at $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. 14.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CTAS has been the subject of several analyst reports. Robert W. Baird increased their price objective on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Morgan Stanley increased their price objective on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Citigroup increased their price objective on Cintas from $172.00 to $176.00 and gave the stock a "sell" rating in a research note on Friday, September 26th. Weiss Ratings reissued a "buy (b)" rating on shares of Cintas in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group increased their price objective on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Cintas presently has an average rating of "Hold" and a consensus price target of $222.09.

Cintas Stock Performance

Shares of CTAS opened at $188.23 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $75.64 billion, a price-to-earnings ratio of 42.68, a PEG ratio of 3.25 and a beta of 1.01. The stock has a 50 day moving average of $206.89 and a 200 day moving average of $212.86. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.Cintas's revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, sell-side analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas's dividend payout ratio (DPR) is 40.82%.

Cintas Profile

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.

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