British Airways Pensions Investment Management Ltd Lowers stake in Cintas Corporation (CTAS)

Cintas Corporation (CTAS) : British Airways Pensions Investment Management Ltd reduced its stake in Cintas Corporation by 31.48% during the most recent quarter end. The investment management company now holds a total of 181,970 shares of Cintas Corporation which is valued at $19,645,481 after selling 83,600 shares in Cintas Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Cintas Corporation makes up approximately 0.58% of British Airways Pensions Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Speece Thorson Capital Group Inc boosted its stake in CTAS in the latest quarter, The investment management firm added 744 additional shares and now holds a total of 56,082 shares of Cintas Corporation which is valued at $6,054,613. Cintas Corporation makes up approx 1.30% of Speece Thorson Capital Group Inc’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.Ibm Retirement Fund reduced its stake in CTAS by selling 224 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 8,972 shares of CTAS which is valued at $968,527. Cintas Corporation makes up approx 0.03% of Ibm Retirement Fund’s portfolio.Integrated Investment Consultants boosted its stake in CTAS in the latest quarter, The investment management firm added 213 additional shares and now holds a total of 375 shares of Cintas Corporation which is valued at $37,313. Cintas Corporation makes up approx 0.02% of Integrated Investment Consultants’s portfolio.

Cintas Corporation closed down -0.91 points or -0.84% at $107.27 with 9,08,667 shares getting traded on Friday. Post opening the session at $108.14, the shares hit an intraday low of $106.89 and an intraday high of $108.14 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 $1.08 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.

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