Cintas Corporation (CTAS) : Karp Capital Management Corp scooped up 516 additional shares in Cintas Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 25,336 shares of Cintas Corporation which is valued at $2,719,820.Cintas Corporation makes up approximately 1.78% of Karp Capital Management Corp’s portfolio.
Other Hedge Funds, Including , Ontario Teachers Pension Plan Board reduced its stake in CTAS by selling 7,117 shares or 8.45% in the most recent quarter. The Hedge Fund company now holds 77,115 shares of CTAS which is valued at $8,278,295. Cintas Corporation makes up approx 0.09% of Ontario Teachers Pension Plan Board’s portfolio. Pioneer Investment Management Inc sold out all of its stake in CTAS during the most recent quarter. The investment firm sold 86,711 shares of CTAS which is valued $9,308,426.Hanseatic Management Services Inc reduced its stake in CTAS by selling 1,042 shares or 3.9% in the most recent quarter. The Hedge Fund company now holds 25,654 shares of CTAS which is valued at $2,742,156. Cintas Corporation makes up approx 0.99% of Hanseatic Management Services Inc’s portfolio.Quantitative Investment Management boosted its stake in CTAS in the latest quarter, The investment management firm added 24,100 additional shares and now holds a total of 53,600 shares of Cintas Corporation which is valued at $5,698,752. Cintas Corporation makes up approx 0.26% of Quantitative Investment Management’s portfolio.
Cintas Corporation opened for trading at $115.56 and hit $116.65 on the upside on Monday, eventually ending the session at $116.38, with a gain of 0.58% or 0.67 points. The heightened volatility saw the trading volume jump to 4,31,528 shares. Company has a market cap of $12,128 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.