Cintas Corporation (CTAS) : Newfocus Financial Group scooped up 207 additional shares in Cintas Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 50,842 shares of Cintas Corporation which is valued at $4,626,622.Cintas Corporation makes up approximately 3.40% of Newfocus Financial Group’s portfolio.
Cintas Corporation opened for trading at $89.8 and hit $91.12 on the upside on Friday, eventually ending the session at $91, with a gain of 1.18% or 1.06 points. The heightened volatility saw the trading volume jump to 7,88,756 shares. Company has a market cap of $9,737 M.
Other Hedge Funds, Including , Capital Management Associates Ny reduced its stake in CTAS by selling 500 shares or 5.0% in the most recent quarter. The Hedge Fund company now holds 9,500 shares of CTAS which is valued at $864,500. Cintas Corporation makes up approx 1.53% of Capital Management Associates Ny’s portfolio.Great West Life Assurance Co Can reduced its stake in CTAS by selling 18,986 shares or 27.58% in the most recent quarter. The Hedge Fund company now holds 49,862 shares of CTAS which is valued at $4,476,610. Cintas Corporation makes up approx 0.02% of Great West Life Assurance Co Can’s portfolio. Sawtooth Asset Management sold out all of its stake in CTAS during the most recent quarter. The investment firm sold 15,502 shares of CTAS which is valued $1,391,770.Glenmede Trust Co Na reduced its stake in CTAS by selling 6,077 shares or 85.71% in the most recent quarter. The Hedge Fund company now holds 1,013 shares of CTAS which is valued at $90,947.Umb Bank N Amo reduced its stake in CTAS by selling 65,155 shares or 77.68% in the most recent quarter. The Hedge Fund company now holds 18,718 shares of CTAS which is valued at $1,679,005. Cintas Corporation makes up approx 0.07% of Umb Bank N Amo’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. 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.