TD Asset Management Inc. Decreases Stock Position in Cintas Co. (NASDAQ:CTAS)

TD Asset Management Inc. lowered its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 723,869 shares of the business services provider's stock after selling 29,535 shares during the quarter. TD Asset Management Inc. owned 0.18% of Cintas worth $132,251,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp raised its holdings in shares of Cintas by 299.3% during the 3rd quarter. State Street Corp now owns 14,555,558 shares of the business services provider's stock valued at $2,996,697,000 after buying an additional 10,910,285 shares in the last quarter. FMR LLC lifted its stake in shares of Cintas by 297.3% in the 3rd quarter. FMR LLC now owns 8,781,132 shares of the business services provider's stock valued at $1,807,860,000 after acquiring an additional 6,571,128 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Cintas by 309.7% during the 3rd quarter. Geode Capital Management LLC now owns 8,248,271 shares of the business services provider's stock valued at $1,693,654,000 after acquiring an additional 6,235,052 shares during the period. Franklin Resources Inc. increased its stake in Cintas by 264.7% in the 3rd quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider's stock worth $693,503,000 after purchasing an additional 2,379,932 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Cintas by 308.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,522,921 shares of the business services provider's stock valued at $519,419,000 after purchasing an additional 1,904,926 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

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Cintas Price Performance

CTAS traded down $3.03 on Friday, hitting $203.22. 1,684,835 shares of the company's stock traded hands, compared to its average volume of 1,631,493. Cintas Co. has a one year low of $162.16 and a one year high of $228.12. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The firm has a market cap of $82.01 billion, a price-to-earnings ratio of 49.00, a P/E/G ratio of 3.98 and a beta of 1.41. The company's 50 day simple moving average is $201.01 and its 200-day simple moving average is $208.92.

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

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Friday, February 14th. Cintas's dividend payout ratio (DPR) is presently 36.11%.

Wall Street Analyst Weigh In

CTAS has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a report on Thursday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 price objective on shares of Cintas in a report on Thursday. Robert W. Baird boosted their target price on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a report on Thursday. Citigroup started coverage on Cintas in a research note on Monday, February 24th. They issued a "sell" rating and a $161.00 price target for the company. Finally, Wells Fargo & Company boosted their target price on Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Cintas presently has a consensus rating of "Hold" and an average target price of $210.58.

About Cintas

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.