Ardevora Asset Management Llp buys $34,722,720 stake in Cintas Corporation (CTAS)

Cintas Corporation (CTAS) : Ardevora Asset Management Llp scooped up 14,800 additional shares in Cintas Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 322,972 shares of Cintas Corporation which is valued at $34,722,720.Cintas Corporation makes up approximately 1.38% of Ardevora Asset Management Llp’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. boosted its stake in CTAS in the latest quarter, The investment management firm added 292 additional shares and now holds a total of 117,412 shares of Cintas Corporation which is valued at $12,622,964. Cintas Corporation makes up approx 0.11% of Bnp Paribas Investment Partners S.a.’s portfolio.Louisiana State Employees Retirement System reduced its stake in CTAS by selling 200 shares or 3.39% in the most recent quarter. The Hedge Fund company now holds 5,700 shares of CTAS which is valued at $615,372. Cintas Corporation makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.Clarkston Capital Partners boosted its stake in CTAS in the latest quarter, The investment management firm added 22,095 additional shares and now holds a total of 295,432 shares of Cintas Corporation which is valued at $31,891,884. Cintas Corporation makes up approx 1.59% of Clarkston Capital Partners’s portfolio. S&co Inc added CTAS to its portfolio by purchasing 2,300 company shares during the most recent quarter which is valued at $248,285. Cintas Corporation makes up approx 0.04% of S&co Inc’s portfolio.

Cintas Corporation opened for trading at $107.3 and hit $107.52 on the upside on Monday, eventually ending the session at $107.42, with a gain of 0.07% or 0.07 points. The heightened volatility saw the trading volume jump to 4,28,965 shares. Company has a market cap of $11,194 M.

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.

Leave a Reply

Cintas Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Cintas Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.