Stock Short Interest Filing: What’s Ahead for Cintas Corporation (NASDAQ:CTAS) After Less Shorted Shares?

November 30, 2016 - By Ruchi Gupta   ·   0 Comments

Stock Short Interest Filing: What’s Ahead for Cintas Corporation (NASDAQ:CTAS) After Less Shorted Shares?

The stock of Cintas Corporation (NASDAQ:CTAS) registered a decrease of 4.21% in short interest. CTAS’s total short interest was 4.07 million shares in November as published by FINRA. Its down 4.21% from 4.25M shares, reported previously. With 567,200 shares average volume, it will take short sellers 7 days to cover their CTAS’s short positions. The short interest to Cintas Corporation’s float is 4.79%. About 143,214 shares traded hands. Cintas Corporation (NASDAQ:CTAS) has risen 28.47% since April 27, 2016 and is uptrending. It has outperformed by 23.24% the S&P500.

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 $12.00 billion. The Company’s divisions include uniform rental and facility services, and first aid and safety services. It has a 25.42 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.

Insitutional Activity: The institutional sentiment increased to 0.83 in Q2 2016. Its up 0.04, from 0.79 in 2016Q1. The ratio improved, as 34 funds sold all Cintas Corporation shares owned while 166 reduced positions. 31 funds bought stakes while 126 increased positions. They now own 68.73 million shares or 6.77% less from 73.72 million shares in 2016Q1.
Winslow Evans Crocker last reported 0% of its portfolio in the stock. Moreover, Victory Cap Mgmt Incorporated has 0% invested in Cintas Corporation (NASDAQ:CTAS) for 7,367 shares. Boothbay Fund Mgmt Ltd Liability Corp has 13,106 shares for 0.61% of their US portfolio. Ny State Teachers Retirement Sys last reported 181,393 shares in the company. Parametric Associates accumulated 181,088 shares or 0.03% of the stock. Impact Advsrs owns 9,832 shares or 0.45% of their US portfolio. Axa has 131,980 shares for 0.06% of their US portfolio. Macquarie Group accumulated 0% or 4,687 shares. Geode Capital Management Limited holds 0.05% of its portfolio in Cintas Corporation (NASDAQ:CTAS) for 876,031 shares. Cleararc Capital holds 2,103 shares or 0.04% of its portfolio. Park Corp Oh accumulated 0.02% or 3,571 shares. Capstone Asset Mngmt accumulated 0.05% or 16,780 shares. Robeco Institutional Asset Management Bv holds 372,079 shares or 0.28% of its portfolio. Redwood Investments Ltd last reported 1.54% of its portfolio in the stock. Blackrock Institutional Na last reported 2.71M shares in the company.

Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 1 sale for $216,240 net activity. $216,240 worth of Cintas Corporation (NASDAQ:CTAS) was sold by Adolph Gerald S on Monday, July 25.

Cintas Corporation (NASDAQ:CTAS) Ratings Coverage

Out of 9 analysts covering Cintas (NASDAQ:CTAS), 4 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 44% are positive. Cintas has been the topic of 15 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, August 11 by Barclays Capital. Barclays Capital maintained Cintas Corporation (NASDAQ:CTAS) on Tuesday, December 22 with “Equal-Weight” rating. The stock of Cintas Corporation (NASDAQ:CTAS) has “Sector Perform” rating given on Friday, September 25 by RBC Capital Markets. The firm has “Neutral” rating given on Tuesday, March 22 by Sterne Agee CRT. As per Wednesday, August 17, the company rating was maintained by Morgan Stanley. The firm has “Neutral” rating given on Friday, August 26 by Macquarie Research. KeyBanc Capital Markets upgraded Cintas Corporation (NASDAQ:CTAS) on Wednesday, April 13 to “Overweight” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, December 22. Bank of America maintained it with “Underperform” rating and $82 target price in Friday, September 25 report. On Friday, August 14 the stock rating was initiated by Morgan Stanley with “Equal-Weight”.

CTAS Company Profile

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, Fool.com published: “Read This Before You Buy Cintas Corporation Stock” on May 07, 2016. More interesting news about Cintas Corporation (NASDAQ:CTAS) were released by: Fool.com and their article: “The Worst Mistake Cintas Corporation Investors Can Make Right Now” published on May 10, 2016 as well as Nasdaq.com‘s news article titled: “Cintas Corporation is Now Oversold” with publication date: October 27, 2016.

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By Ruchi Gupta

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