TD Waterhouse Canada Inc. Sells 2,420 Shares of Cintas Co. (NASDAQ:CTAS)

TD Waterhouse Canada Inc. decreased its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 3.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,247 shares of the business services provider's stock after selling 2,420 shares during the period. TD Waterhouse Canada Inc.'s holdings in Cintas were worth $10,817,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CTAS. Barclays PLC boosted its stake in shares of Cintas by 340.1% during the third quarter. Barclays PLC now owns 1,089,535 shares of the business services provider's stock valued at $224,312,000 after purchasing an additional 841,952 shares during the period. Virtu Financial LLC raised its holdings in Cintas by 168.1% during the 3rd quarter. Virtu Financial LLC now owns 14,468 shares of the business services provider's stock valued at $2,979,000 after buying an additional 9,072 shares during the last quarter. Morse Asset Management Inc boosted its position in Cintas by 299.8% during the 3rd quarter. Morse Asset Management Inc now owns 21,229 shares of the business services provider's stock valued at $4,371,000 after buying an additional 15,919 shares during the period. Wealthquest Corp grew its holdings in Cintas by 285.9% in the 3rd quarter. Wealthquest Corp now owns 14,848 shares of the business services provider's stock worth $3,027,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Anchor Investment Management LLC increased its position in shares of Cintas by 299.7% in the third quarter. Anchor Investment Management LLC now owns 2,294 shares of the business services provider's stock valued at $472,000 after acquiring an additional 1,720 shares during the period. Institutional investors own 63.46% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $215.00 target price on shares of Cintas in a report on Thursday, March 27th. UBS Group lifted their price objective on Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Argus raised Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. Bank of America initiated coverage on Cintas in a research note on Thursday, April 10th. They issued a "buy" rating and a $250.00 price target for the company. Finally, Robert W. Baird boosted their price objective on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Cintas presently has a consensus rating of "Hold" and a consensus target price of $213.62.

Cintas Stock Down 0.6 %

Shares of CTAS stock traded down $1.35 during trading hours on Friday, hitting $208.40. 1,172,829 shares of the company's stock traded hands, compared to its average volume of 1,692,835. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The stock's fifty day simple moving average is $201.51 and its two-hundred day simple moving average is $204.36. Cintas Co. has a 12-month low of $162.16 and a 12-month high of $228.12. The stock has a market cap of $84.15 billion, a price-to-earnings ratio of 50.25, a PEG ratio of 3.98 and a beta of 1.20.

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

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.75%. Cintas's dividend payout ratio is currently 36.11%.

Insiders Place Their Bets

In related news, COO Jim Rozakis sold 2,000 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $190.37, for a total transaction of $380,740.00. Following the sale, the chief operating officer now directly owns 256,528 shares of the company's stock, valued at $48,835,235.36. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the company's stock in a transaction dated 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 transaction, the director now owns 27,029 shares in the company, valued at $5,647,979.84. This represents a 23.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 15.00% of the company's stock.

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.