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

TD Waterhouse Canada Inc. trimmed its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 51.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,992 shares of the business services provider’s stock after selling 16,197 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Cintas were worth $3,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after acquiring an additional 128 shares in the last quarter. Alpine Bank Wealth Management boosted its position in shares of Cintas by 1,092.9% in the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 153 shares during the period. WPG Advisers LLC increased its stake in Cintas by 90.0% in the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock worth $35,000 after purchasing an additional 81 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in Cintas by 3,925.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after buying an additional 157 shares during the period. Finally, Addison Advisors LLC lifted its stake in Cintas by 57.0% during the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after buying an additional 61 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Up 0.9%

Shares of Cintas stock opened at $191.39 on Friday. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average price of $188.90 and a two-hundred day moving average price of $198.20. The stock has a market capitalization of $76.53 billion, a P/E ratio of 55.80, a PEG ratio of 3.25 and a beta of 0.97.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period last year, the business posted $1.09 EPS. Cintas’s revenue was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Equities analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas declared that its Board of Directors has approved a share buyback plan on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to reacquire up to 1.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Cintas’s dividend payout ratio is 52.48%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CTAS. Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and increased their target price for the company from $205.00 to $245.00 in a report on Wednesday, January 14th. Morgan Stanley dropped their price target on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. UBS Group reissued a “buy” rating on shares of Cintas in a research note on Friday, December 19th. Argus raised Cintas to a “strong-buy” rating in a research note on Wednesday, January 21st. Finally, Rothschild Redb upgraded Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $214.86.

About Cintas

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.