Solaris Asset Management Lowers stake in Cintas Corporation (CTAS)

Cintas Corporation (CTAS) : Solaris Asset Management reduced its stake in Cintas Corporation by 2.4% during the most recent quarter end. The investment management company now holds a total of 38,799 shares of Cintas Corporation which is valued at $4,188,740 after selling 955 shares in Cintas Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Cintas Corporation makes up approximately 2.98% of Solaris Asset Management’s portfolio.

Other Hedge Funds, Including , Umb Bank N Amo reduced its stake in CTAS by selling 450 shares or 2.4% in the most recent quarter. The Hedge Fund company now holds 18,268 shares of CTAS which is valued at $1,972,213. Cintas Corporation makes up approx 0.08% of Umb Bank N Amo’s portfolio.British Columbia Investment Management Corp reduced its stake in CTAS by selling 1,009 shares or 2.19% in the most recent quarter. The Hedge Fund company now holds 45,158 shares of CTAS which is valued at $4,499,092. Cintas Corporation makes up approx 0.04% of British Columbia Investment Management Corp’s portfolio.

Cintas Corporation closed down -0.91 points or -0.84% at $107.27 with 9,08,667 shares getting traded on Friday. Post opening the session at $108.14, the shares hit an intraday low of $106.89 and an intraday high of $108.14 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Cintas Corporation reported $1.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $1.01. The company had revenue of $1271.40 million for the quarter, compared to analysts expectations of $1245.34 million. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.

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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