TD Waterhouse Canada Inc. Boosts Stock Holdings in Cintas Corporation $CTAS

Key Points

• TD Waterhouse Canada increased its Cintas stake by 115.5% in the second quarter, bringing its holdings to 29,734 shares valued at approximately $5.18 million. Institutional investors collectively own 63.46% of Cintas.
• Cintas reported quarterly EPS of $1.29, exceeding estimates by $0.05, while revenue rose 8.9% year over year to $2.91 billion. The company posted a 17.75% net margin and raised its quarterly dividend from $0.45 to $0.52 per share.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $212.31, compared with the stock’s reported opening price of $200.47.

TD Waterhouse Canada Inc. raised its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 115.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,734 shares of the business services provider's stock after purchasing an additional 15,939 shares during the period. TD Waterhouse Canada Inc.'s holdings in Cintas were worth $5,180,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Nemes Rush Group LLC purchased a new stake in Cintas in the fourth quarter worth approximately $25,000. Swiss RE Ltd. bought a new stake in Cintas during the fourth quarter valued at about $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Cintas during the 4th quarter valued at approximately $26,000. Triumph Capital Management bought a new position in shares of Cintas in the third quarter worth approximately $29,000. Finally, Whipplewood Advisors LLC boosted its holdings in 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 buying an additional 137 shares during the period. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Price Performance

Shares of CTAS stock opened at $200.47 on Monday. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $219.16. The company has a market cap of $80.22 billion, a price-to-earnings ratio of 53.60, a price-to-earnings-growth ratio of 3.24 and a beta of 0.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. The stock's fifty day moving average price is $197.47 and its 200 day moving average price is $185.59.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, research analysts expect that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $0.52 dividend. The ex-dividend date is Friday, August 14th. This is a positive change from Cintas's previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Cintas's dividend payout ratio (DPR) is 55.61%.

Wall Street Analysts Forecast Growth

CTAS has been the subject of a number of research analyst reports. Wells Fargo & Company reaffirmed an "overweight" rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Weiss Ratings upgraded Cintas from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $206.00 target price on shares of Cintas in a research note on Thursday, July 16th. Robert W. Baird raised their price target on Cintas from $200.00 to $214.00 and gave the stock an "outperform" rating in a research note on Thursday, July 16th. Finally, Argus raised shares of Cintas to a "strong-buy" rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $212.31.

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.

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