Congress Asset Management Company Has Lifted Cintas Corp (CTAS) Holding by $44.14 Million as Valuation Rose

March 16, 2018 - By Kurt Siggers

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.02, from 1.04 in 2017Q2. It dived, as 37 investors sold CTAS shares while 174 reduced holdings. 80 funds opened positions while 135 raised stakes. 69.32 million shares or 1.23% more from 68.47 million shares in 2017Q2 were reported. Artisan Prtn Ltd Partnership accumulated 1.77M shares. Aviva Public Ltd Co holds 0.04% of its portfolio in Cintas Corporation (NASDAQ:CTAS) for 55,083 shares. Ngam Advsr Limited Partnership owns 66,112 shares. Aimz Invest Advisors Ltd Llc invested 1.43% of its portfolio in Cintas Corporation (NASDAQ:CTAS). Congress Asset Mgmt Com Ma holds 960,165 shares. Duncker Streett And holds 1,600 shares or 0.07% of its portfolio. Credit Suisse Ag accumulated 241,041 shares or 0.03% of the stock. British Columbia Invest Mgmt holds 0.03% or 23,979 shares. Gemmer Asset Mngmt has 0% invested in Cintas Corporation (NASDAQ:CTAS). Bb&T reported 3,937 shares. Stifel Fincl stated it has 299,466 shares or 0.15% of all its holdings. Hsbc Public Limited Com has 0.01% invested in Cintas Corporation (NASDAQ:CTAS). Schwab Charles Investment Mgmt, a California-based fund reported 294,680 shares. 11,816 were accumulated by Regentatlantic Ltd Liability Co. Whittier Tru Com Of Nevada holds 0.01% or 522 shares.

Since January 12, 2018, it had 0 insider buys, and 1 insider sale for $1.99 million activity.

Congress Asset Management Company increased its stake in Cintas Corp (CTAS) by 46.9% based on its latest 2017Q3 regulatory filing with the SEC. Congress Asset Management Company bought 306,532 shares as the company’s stock rose 2.03% with the market. The institutional investor held 960,165 shares of the apparel company at the end of 2017Q3, valued at $138.53M, up from 653,633 at the end of the previous reported quarter. Congress Asset Management Company who had been investing in Cintas Corp for a number of months, seems to be bullish on the $18.52 billion market cap company. The stock increased 0.37% or $0.635 during the last trading session, reaching $173.935. About 395,080 shares traded. Cintas Corporation (NASDAQ:CTAS) has risen 32.38% since March 16, 2017 and is uptrending. It has outperformed by 15.68% the S&P500.

Congress Asset Management Company, which manages about $7.47 billion and $6.47 billion US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 20,912 shares to 385,055 shares, valued at $65.79M in 2017Q3, according to the filing. It also reduced its holding in Scripps Networks Inter (NYSE:SNI) by 945,324 shares in the quarter, leaving it with 10,889 shares, and cut its stake in Oreilly Automotive Inc (NASDAQ:ORLY).

Cintas Corporation (NASDAQ:CTAS) Ratings Coverage

Among 15 analysts covering Cintas (NASDAQ:CTAS), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. Cintas had 42 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Cintas Corporation (NASDAQ:CTAS) has “Buy” rating given on Friday, August 26 by Nomura. The firm has “Overweight” rating given on Wednesday, September 27 by Barclays Capital. As per Wednesday, August 17, the company rating was maintained by Nomura. The stock has “Buy” rating by Robert W. Baird on Thursday, August 24. Robert W. Baird maintained it with “Buy” rating and $185.0 target in Thursday, January 25 report. The stock has “Buy” rating by Robert W. Baird on Thursday, September 28. As per Monday, July 17, the company rating was maintained by RBC Capital Markets. The firm earned “Underweight” rating on Wednesday, August 17 by Morgan Stanley. The stock of Cintas Corporation (NASDAQ:CTAS) earned “Outperform” rating by Robert W. Baird on Wednesday, August 17. The stock has “Overweight” rating by Barclays Capital on Wednesday, August 17.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.