Contravisory Investment Management Lowers stake in Cintas Corporation (CTAS)

Cintas Corporation (CTAS) : Contravisory Investment Management reduced its stake in Cintas Corporation by 8.35% during the most recent quarter end. The investment management company now holds a total of 128,694 shares of Cintas Corporation which is valued at $11,583,747 after selling 11,731 shares in Cintas Corporation , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.Cintas Corporation makes up approximately 3.38% of Contravisory Investment Management’s portfolio.

Cintas Corporation closed down -0.25 points or -0.28% at $90.01 with 4,01,092 shares getting traded on Friday. Post opening the session at $90.4, the shares hit an intraday low of $89.73 and an intraday high of $90.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx boosted its stake in CTAS in the latest quarter, The investment management firm added 1,724 additional shares and now holds a total of 21,325 shares of Cintas Corporation which is valued at $1,919,463. Cintas Corporation makes up approx 0.04% of Exxonmobil Investment Management Inc Tx’s portfolio.British Columbia Investment Management Corp reduced its stake in CTAS by selling 456 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 46,167 shares of CTAS which is valued at $4,113,941. Cintas Corporation makes up approx 0.04% of British Columbia Investment Management Corp’s portfolio.Creative Planning boosted its stake in CTAS in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 763 shares of Cintas Corporation which is valued at $67,991.Pensionfund Dsm Netherlands boosted its stake in CTAS in the latest quarter, The investment management firm added 2,900 additional shares and now holds a total of 34,900 shares of Cintas Corporation which is valued at $3,109,939. Cintas Corporation makes up approx 0.42% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, Cintas Corporation reported $1.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Mar 22, 2016. Analyst had a consensus of $0.95. The company had revenue of $1216.00 million for the quarter, compared to analysts expectations of $1200.18 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.

Many Wall Street Analysts have commented on Cintas Corporation. Cintas Corporation was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Apr 13, 2016. Shares were Reiterated by RBC Capital Mkts on Mar 23, 2016 to “Sector Perform” and Lowered the Price Target to $ 92 from a previous price target of $94 .Cintas Corporation was Initiated by Sterne Agee CRT to “Neutral” on Mar 22, 2016.

Cintas Corporation provides products and services to businesses of all types. The Company is a provider of corporate identity uniforms through rental and sales programs as well as a provider of related business services including entrance mats restroom cleaning services and supplies carpet and tile cleaning services and first aid safety and fire protection products and services. The Company has three segments: Rental Uniforms and Ancillary Products Uniform Direct Sales and First Aid Safety and Fire Protection Services. The Company’s Rental Uniforms and Ancillary Products segment consists of the rental and servicing of uniforms and other garments including flame resistant clothing mats mops and shop towels and other ancillary items. The Company’s Uniform Direct Sales segment consists of the direct sale of uniforms and related items. The Company’s First Aid Safety and Fire Protection Services segment consists of first aid safety and fire protection products and services.

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