Cintas Corporation (CTAS) : First Republic Investment Management scooped up 129,396 additional shares in Cintas Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 455,730 shares of Cintas Corporation which is valued at $48,922,616.Cintas Corporation makes up approximately 0.45% of First Republic Investment Management’s portfolio.
Other Hedge Funds, Including , Cubist Systematic Strategies added CTAS to its portfolio by purchasing 8,240 company shares during the most recent quarter which is valued at $884,564. Cintas Corporation makes up approx 0.05% of Cubist Systematic Strategies’s portfolio.Diam Ltd. boosted its stake in CTAS in the latest quarter, The investment management firm added 199 additional shares and now holds a total of 15,319 shares of Cintas Corporation which is valued at $1,628,716. Cintas Corporation makes up approx 0.02% of Diam Ltd.’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.