Cintas Corporation (CTAS) : Arrow Investment Advisors reduced its stake in Cintas Corporation by 4.01% during the most recent quarter end. The investment management company now holds a total of 16,653 shares of Cintas Corporation which is valued at $1.5 Million after selling 695 shares in Cintas Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.Cintas Corporation makes up approximately 0.33% of Arrow Investment Advisors’s portfolio.
Other Hedge Funds, Including , Meiji Yasuda Asset Management Co Ltd. sold out all of its stake in CTAS during the most recent quarter. The investment firm sold 4,422 shares of CTAS which is valued $404,701.Royce Associates Lp reduced its stake in CTAS by selling 2,400 shares or 11.43% in the most recent quarter. The Hedge Fund company now holds 18,600 shares of CTAS which is valued at $1.7 Million. Cintas Corporation makes up approx 0.01% of Royce Associates Lp’s portfolio.Blackrock Fund Advisors reduced its stake in CTAS by selling 16,776 shares or 1.21% in the most recent quarter. The Hedge Fund company now holds 1,373,930 shares of CTAS which is valued at $125.7 Million. Cintas Corporation makes up approx 0.03% of Blackrock Fund Advisors’s portfolio.Td Asset Management Inc boosted its stake in CTAS in the latest quarter, The investment management firm added 68,604 additional shares and now holds a total of 245,376 shares of Cintas Corporation which is valued at $22.3 Million. Cintas Corporation makes up approx 0.04% of Td Asset Management Inc’s portfolio.Nationwide Fund Advisors reduced its stake in CTAS by selling 1,603 shares or 2.64% in the most recent quarter. The Hedge Fund company now holds 59,186 shares of CTAS which is valued at $5.4 Million. Cintas Corporation makes up approx 0.02% of Nationwide Fund Advisors’s portfolio.
Cintas Corporation opened for trading at $91.91 and hit $92.54 on the upside on Friday, eventually ending the session at $92.05, with a gain of 0.69% or 0.63 points. The heightened volatility saw the trading volume jump to 10,33,354 shares. Company has a market cap of $9,849,626 M.
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. Nomura Initiated Cintas Corporation on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $102.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 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.