Cintas Corporation (CTAS) : Cabot Wealth Management Inc reduced its stake in Cintas Corporation by 2.85% during the most recent quarter end. The investment management company now holds a total of 82,603 shares of Cintas Corporation which is valued at $7,559,827 after selling 2,421 shares in Cintas Corporation , the firm said in a disclosure report filed with the SEC on May 9, 2016.Cintas Corporation makes up approximately 2.11% of Cabot Wealth Management Inc’s portfolio.
Other Hedge Funds, Including , Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in CTAS in the latest quarter, The investment management firm added 787 additional shares and now holds a total of 6,500 shares of Cintas Corporation which is valued at $594,880. Cintas Corporation makes up approx 0.01% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Neuberger Berman Group reduced its stake in CTAS by selling 45,418 shares or 80.12% in the most recent quarter. The Hedge Fund company now holds 11,267 shares of CTAS which is valued at $1,025,297.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 $5,385,926. Cintas Corporation makes up approx 0.02% of Nationwide Fund Advisors’s portfolio.
Cintas Corporation closed down -0.17 points or -0.19% at $91.52 with 6,99,882 shares getting traded on Friday. Post opening the session at $91.66, the shares hit an intraday low of $91.305 and an intraday high of $92.17 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 $1.05 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.