Capital Impact Advisors Lowers stake in Cintas Corporation (CTAS)

Cintas Corporation (CTAS) : Capital Impact Advisors reduced its stake in Cintas Corporation by 23.38% during the most recent quarter end. The investment management company now holds a total of 9,832 shares of Cintas Corporation which is valued at $1,055,465 after selling 3,000 shares in Cintas Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Cintas Corporation makes up approximately 0.47% of Capital Impact Advisors’s portfolio.

Other Hedge Funds, Including , Guggenheim Capital reduced its stake in CTAS by selling 23,810 shares or 4.72% in the most recent quarter. The Hedge Fund company now holds 480,351 shares of CTAS which is valued at $51,565,680. Cintas Corporation makes up approx 0.16% of Guggenheim Capital’s portfolio.Blackrock Group Ltd boosted its stake in CTAS in the latest quarter, The investment management firm added 38,406 additional shares and now holds a total of 963,543 shares of Cintas Corporation which is valued at $103,436,341. Cintas Corporation makes up approx 0.05% of Blackrock Group Ltd’s portfolio.First Mercantile Trust Co reduced its stake in CTAS by selling 2,000 shares or 16.95% in the most recent quarter. The Hedge Fund company now holds 9,800 shares of CTAS which is valued at $1,052,030. Cintas Corporation makes up approx 0.12% of First Mercantile Trust Co’s portfolio.Evercore Wealth Management boosted its stake in CTAS in the latest quarter, The investment management firm added 93 additional shares and now holds a total of 212 shares of Cintas Corporation which is valued at $22,540.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.

Cintas Corporation opened for trading at $118 and hit $118 on the upside on Thursday, eventually ending the session at $117.7, with a gain of 0.16% or 0.19 points. The heightened volatility saw the trading volume jump to 4,76,174 shares. Company has a market cap of $12,265 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.

Many Wall Street Analysts have commented on Cintas Corporation. Macquarie Initiated Cintas Corporation on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $130.Company shares were Upgraded by Robert W. Baird on Aug 17, 2016 to ” Outperform”, Firm has raised the Price Target to $ 140 from a previous price target of $111 .Company shares were Upgraded by Barclays on Aug 17, 2016 to ” Overweight”, Firm has raised the Price Target to $ 130 from a previous price target of $110 .

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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