November 28, 2016 - By Adrian Mccoy · 0 Comments
Cintas Corp (NASDAQ:CTAS) institutional sentiment increased to 0.83 in Q2 2016. Its up 0.04, from 0.79 in 2016Q1. The ratio increased, as 157 hedge funds started new or increased positions, while 200 sold and reduced their positions in Cintas Corp. The hedge funds in our partner’s database reported: 68.73 million shares, down from 73.72 million shares in 2016Q1. Also, the number of hedge funds holding Cintas Corp in their top 10 positions increased from 5 to 7 for an increase of 2. Sold All: 34 Reduced: 166 Increased: 126 New Position: 31.
Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a well-known provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection services and products. The company has a market cap of $12.34 billion. The Company’s divisions include uniform rental and facility services, and first aid and safety services. It has a 25.76 P/E ratio. The Company’s uniform rental and facility service segment offers services, which include rental and servicing of uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items.
About 195,452 shares traded hands. Cintas Corporation (NASDAQ:CTAS) has risen 30.21% since April 25, 2016 and is uptrending. It has outperformed by 24.20% the S&P500.
Analysts await Cintas Corporation (NASDAQ:CTAS) to report earnings on December, 19. They expect $1.15 earnings per share, up 11.65% or $0.12 from last year’s $1.03 per share. CTAS’s profit will be $121.91M for 25.31 P/E if the $1.15 EPS becomes a reality. After $1.12 actual earnings per share reported by Cintas Corporation for the previous quarter, Wall Street now forecasts 2.68% EPS growth.
According to Zacks Investment Research, “Cintas Corp. provides a specialized service to businesses of all types – from small service and manufacturing companies to major corporations. The company is divided into two operating segments: Rentals and Other Services. The Rentals operating segment designs and manufactures corporate identity uniforms which it rents to its customers. The Other Services operating segment involves the design, manufacture and direct sale of uniforms to its customers as well as the sale of ancillary services including sanitation supplies, first aid products, and cleanroom supplies.”
Jasper Ridge Partners L.P. holds 4.44% of its portfolio in Cintas Corporation for 644,715 shares. Newfocus Financial Group Llc owns 50,840 shares or 3.69% of their US portfolio. Moreover, Contravisory Investment Management Inc. has 3.54% invested in the company for 117,549 shares. The Ohio-based Fort Washington Investment Advisors Inc Oh has invested 2.97% in the stock. Solaris Asset Management Llc, a New York-based fund reported 38,799 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 1 sale for $216,240 net activity.
Ratings analysis reveals 44% of Cintas’s analysts are positive. Out of 9 Wall Street analysts rating Cintas, 4 give it “Buy”, 2 “Sell” rating, while 3 recommend “Hold”. The lowest target is $80 while the high is $135. The stock’s average target of $111.57 is -4.16% below today’s ($116.41) share price. CTAS was included in 15 notes of analysts from August 14, 2015. The firm has “Overweight” rating given on Wednesday, April 13 by KeyBanc Capital Markets. Morgan Stanley initiated the stock with “Equal-Weight” rating in Friday, August 14 report. RBC Capital Markets maintained the shares of CTAS in a report on Friday, September 25 with “Sector Perform” rating. The company was maintained on Wednesday, August 17 by Nomura. The rating was maintained by Morgan Stanley on Wednesday, August 17 with “Underweight”. The stock of Cintas Corporation (NASDAQ:CTAS) has “Overweight” rating given on Wednesday, August 17 by KeyBanc Capital Markets. The company was upgraded on Wednesday, August 17 by Barclays Capital. Bank of America maintained the stock with “Underperform” rating in Friday, September 25 report. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, August 11. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, December 22.
Cintas Corporation, incorporated on November 13, 1986, is a well-known provider of corporate identity uniforms through rental and sales programs, as well as a well-known provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection services and products. The Company’s divisions include uniform rental and facility services, and first aid and safety services. Rental processing plants, rental branches, first aid and safety facilities, fire protection facilities, direct sales offices, distribution centers and manufacturing facilities are all utilized by the businesses included in All Other.
More notable recent Cintas Corporation (NASDAQ:CTAS) news were published by: Businesswire.com which released: “Cintas Corporation to Acquire G&K Services” on August 16, 2016, also Fool.com with their article: “Why Cintas Corporation Stock Popped Today” published on July 20, 2016, Finance.Yahoo.com published: “Cintas Corporation to deploy Workhorse E-GENâ„¢ Step Van in Field Test” on November 11, 2016. More interesting news about Cintas Corporation (NASDAQ:CTAS) were released by: Fool.com and their article: “Read This Before You Buy Cintas Corporation Stock” published on May 07, 2016 as well as Fool.com‘s news article titled: “The Worst Mistake Cintas Corporation Investors Can Make Right Now” with publication date: May 10, 2016.
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By Adrian Mccoy