Toronto Dominion Bank Sells 3,139 Shares of Cintas Co. (NASDAQ:CTAS)

Toronto Dominion Bank decreased its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 1.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 176,673 shares of the business services provider's stock after selling 3,139 shares during the period. Toronto Dominion Bank's holdings in Cintas were worth $32,278,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CTAS. Sound Income Strategies LLC bought a new position in Cintas in the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC bought a new position in shares of Cintas in the 4th quarter valued at about $29,000. IAG Wealth Partners LLC increased its stake in shares of Cintas by 136.8% during the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock worth $33,000 after purchasing an additional 104 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Cintas in the 4th quarter valued at about $34,000. Finally, Meeder Asset Management Inc. grew its holdings in Cintas by 239.3% during the fourth quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock worth $35,000 after purchasing an additional 134 shares during the period. 63.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of recent analyst reports. Robert W. Baird boosted their target price on Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a report on Thursday, March 27th. UBS Group lifted their target price on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Morgan Stanley increased their price target on shares of Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a report on Thursday, March 27th. Citigroup assumed coverage on Cintas in a research report on Monday, February 24th. They issued a "sell" rating and a $161.00 target price on the stock. Finally, Wells Fargo & Company increased their target price on Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a research note on Thursday, March 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $213.88.

Insider Buying and Selling

In other Cintas news, COO Jim Rozakis sold 2,000 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $190.37, for a total transaction of $380,740.00. Following the completion of the transaction, the chief operating officer now owns 256,528 shares of the company's stock, valued at approximately $48,835,235.36. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the completion of the sale, the director now owns 27,029 shares in the company, valued at approximately $5,647,979.84. The trade was a 23.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is owned by corporate insiders.

Cintas Price Performance

Shares of NASDAQ CTAS traded up $1.75 during mid-day trading on Friday, reaching $226.50. The company had a trading volume of 2,162,709 shares, compared to its average volume of 1,702,199. The firm has a market cap of $91.46 billion, a price-to-earnings ratio of 54.61, a PEG ratio of 3.98 and a beta of 1.09. The business's 50-day simple moving average is $209.88 and its 200 day simple moving average is $205.33. Cintas Co. has a one year low of $165.06 and a one year high of $228.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.05 by $0.08. The company had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.84 EPS. On average, research analysts predict that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.69%. Cintas's dividend payout ratio (DPR) is currently 36.11%.

Cintas Company 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.