Fairview Capital Investment Management Has Cut Its Cintas (CTAS) Stake by $544,000; Stock Price Rose; Applied Matls (AMAT) Market Value Declined While Verition Fund Management Has Trimmed Its Position by $853,105

August 12, 2018 - By Jack Shaw

Cintas Corporation (NASDAQ:CTAS) Logo

Verition Fund Management Llc decreased its stake in Applied Matls Inc (AMAT) by 44.56% based on its latest 2018Q1 regulatory filing with the SEC. Verition Fund Management Llc sold 15,511 shares as the company’s stock declined 13.54% with the market. The hedge fund held 19,301 shares of the technology company at the end of 2018Q1, valued at $1.07M, down from 34,812 at the end of the previous reported quarter. Verition Fund Management Llc who had been investing in Applied Matls Inc for a number of months, seems to be less bullish one the $48.52B market cap company. The stock decreased 2.10% or $1.03 during the last trading session, reaching $48.13. About 7.36M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 12.95% since August 12, 2017 and is uptrending. It has outperformed by 0.38% the S&P500.

Fairview Capital Investment Management Llc decreased its stake in Cintas Corp (CTAS) by 5.33% based on its latest 2018Q1 regulatory filing with the SEC. Fairview Capital Investment Management Llc sold 3,200 shares as the company’s stock rose 5.88% while stock markets declined. The hedge fund held 56,839 shares of the apparel company at the end of 2018Q1, valued at $9.70M, down from 60,039 at the end of the previous reported quarter. Fairview Capital Investment Management Llc who had been investing in Cintas Corp for a number of months, seems to be less bullish one the $22.42B market cap company. The stock decreased 0.19% or $0.41 during the last trading session, reaching $210.99. About 322,036 shares traded. Cintas Corporation (NASDAQ:CTAS) has risen 44.04% since August 12, 2017 and is uptrending. It has outperformed by 31.47% the S&P500.

Analysts await Cintas Corporation (NASDAQ:CTAS) to report earnings on September, 25. They expect $1.79 EPS, up 20.95% or $0.31 from last year’s $1.48 per share. CTAS’s profit will be $190.24 million for 29.47 P/E if the $1.79 EPS becomes a reality. After $1.77 actual EPS reported by Cintas Corporation for the previous quarter, Wall Street now forecasts 1.13% EPS growth.

More notable recent Cintas Corporation (NASDAQ:CTAS) news were published by: Benzinga.com which released: “Cintas Earnings Preview” on July 19, 2018, also Fool.com with their article: “Why This Great Company’s Stock Isn’t a Great Buy Right Now” published on August 09, 2018, Fool.com published: “Cintas (CTAS) Q4 2018 Earnings Conference Call Transcript” on July 23, 2018. More interesting news about Cintas Corporation (NASDAQ:CTAS) were released by: Bizjournals.com and their article: “UPDATED—Cintas unveils finalists for America’s best bathroom, and one is in Wisconsin: Slideshow” published on August 07, 2018 as well as Bizjournals.com‘s news article titled: “Which of these restrooms is the best in the US? PHOTOS” with publication date: August 07, 2018.

Investors sentiment increased to 0.94 in 2018 Q1. Its up 0.01, from 0.93 in 2017Q4. It increased, as 42 investors sold CTAS shares while 179 reduced holdings. 63 funds opened positions while 145 raised stakes. 68.92 million shares or 0.93% more from 68.29 million shares in 2017Q4 were reported. Mckinley Cap Mngmt Limited Co Delaware owns 156,991 shares for 1.56% of their portfolio. Eulav Asset Mgmt accumulated 0.13% or 15,600 shares. Gator Capital Ltd Llc holds 5,200 shares. Rhumbline Advisers has 0.06% invested in Cintas Corporation (NASDAQ:CTAS). Pennsylvania-based Sei Investments has invested 0.05% in Cintas Corporation (NASDAQ:CTAS). Symphony Asset Ltd Liability Company stated it has 17,422 shares. Legal & General Group Plc, United Kingdom-based fund reported 485,552 shares. Lifeplan Financial Gp invested 0% of its portfolio in Cintas Corporation (NASDAQ:CTAS). Millennium Mngmt Ltd Liability Company has 115,490 shares. Argent Cap Mgmt Limited Com owns 5,975 shares or 0.04% of their US portfolio. Pub Employees Retirement Systems Of Ohio has 40,914 shares. 29,791 are owned by Fuller And Thaler Asset Mgmt. Oppenheimer Communications Inc has invested 0.01% in Cintas Corporation (NASDAQ:CTAS). Bridgeway Capital Mgmt, a Texas-based fund reported 45,500 shares. Pictet Asset Management Ltd owns 580,279 shares or 0.24% of their US portfolio.

Fairview Capital Investment Management Llc, which manages about $1.38B and $1.59B US Long portfolio, upped its stake in Ishares Trust Floating Rate Bd Etf (FLOT) by 28,175 shares to 142,375 shares, valued at $7.25 million in 2018Q1, according to the filing. It also increased its holding in Johnson & Johnson (NYSE:JNJ) by 6,095 shares in the quarter, for a total of 292,291 shares, and has risen its stake in Procter & Gamble (NYSE:PG).

Among 18 analysts covering Cintas (NASDAQ:CTAS), 7 have Buy rating, 2 Sell and 9 Hold. Therefore 39% are positive. Cintas had 52 analyst reports since August 14, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Instinet on Tuesday, June 27. The stock has “Buy” rating by Robert W. Baird on Friday, December 22. The firm has “Hold” rating given on Friday, July 21 by Deutsche Bank. As per Friday, September 1, the company rating was maintained by Stifel Nicolaus. Robert W. Baird maintained Cintas Corporation (NASDAQ:CTAS) on Tuesday, October 31 with “Buy” rating. On Tuesday, March 27 the stock rating was initiated by Goldman Sachs with “Buy”. The stock of Cintas Corporation (NASDAQ:CTAS) has “Hold” rating given on Friday, July 20 by Stifel Nicolaus. The rating was maintained by Nomura with “Buy” on Friday, August 26. The rating was maintained by RBC Capital Markets on Thursday, December 21 with “Hold”. On Tuesday, July 25 the stock rating was maintained by Morgan Stanley with “Underweight”.

Since April 30, 2018, it had 0 buys, and 2 insider sales for $3.31 million activity. $2.02 million worth of stock was sold by FROOMAN THOMAS E on Monday, May 7.

Since March 8, 2018, it had 0 insider purchases, and 1 sale for $922,050 activity.

Investors sentiment increased to 0.95 in 2018 Q1. Its up 0.09, from 0.86 in 2017Q4. It improved, as 50 investors sold AMAT shares while 356 reduced holdings. 109 funds opened positions while 278 raised stakes. 762.68 million shares or 4.33% less from 797.20 million shares in 2017Q4 were reported. Hartford Investment stated it has 228,975 shares or 0.25% of all its holdings. Sfe Invest Counsel invested in 4,069 shares or 0.12% of the stock. Welch Forbes Lc holds 0.01% or 6,400 shares in its portfolio. Columbia Ptnrs L L C holds 0.4% or 56,230 shares in its portfolio. Usa Financial Portformulas reported 0.16% stake. First Fincl In reported 0.03% stake. Affinity Invest Advsr Ltd Co has 90,229 shares for 0.59% of their portfolio. 16,627 are held by Patten Grp Inc. Lazard Asset Mngmt Limited Liability Co reported 0.58% in Applied Materials, Inc. (NASDAQ:AMAT). Ajo Limited Partnership holds 2.18 million shares or 0.56% of its portfolio. West Coast Ltd Company owns 88,876 shares or 1.41% of their US portfolio. Campbell And Adviser Llc has invested 0.2% in Applied Materials, Inc. (NASDAQ:AMAT). Everett Harris & Communication Ca holds 3,600 shares. Tiverton Asset Management Ltd Liability Company reported 214,750 shares. Carlson Limited Partnership reported 0.28% in Applied Materials, Inc. (NASDAQ:AMAT).

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Seekingalpha.com which released: “Stocks To Watch: Any Privacy For Tesla?” on August 11, 2018, also Marketwatch.com with their article: “Charting a bullish technical tilt: S&P 500, Nasdaq rise within view of record territory” published on August 07, 2018, Seekingalpha.com published: “Applied Materials: Cowen upgrades, sees 27% upside” on August 06, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: 247Wallst.com and their article: “Short Sellers Can’t Make Up Their Minds on Major Semiconductors” published on August 10, 2018 as well as Benzinga.com‘s news article titled: “Morgan Stanley Prefers Lam Research Over Applied Materials, Says Semi Equipment Stocks Are Headed For …” with publication date: August 09, 2018.

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 24 have Buy rating, 0 Sell and 4 Hold. Therefore 86% are positive. Applied Materials Inc. had 128 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, July 7 by Morgan Stanley. Goldman Sachs upgraded Applied Materials, Inc. (NASDAQ:AMAT) on Wednesday, September 13 to “Buy” rating. Deutsche Bank upgraded it to “Buy” rating and $70.0 target in Thursday, February 15 report. The stock has “Buy” rating by Deutsche Bank on Friday, August 18. The firm has “Buy” rating by UBS given on Thursday, April 14. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, June 13. As per Monday, August 14, the company rating was maintained by B. Riley & Co. Nomura upgraded the stock to “Buy” rating in Monday, October 26 report. The stock has “Overweight” rating by Pacific Crest on Thursday, March 10. Goldman Sachs downgraded Applied Materials, Inc. (NASDAQ:AMAT) on Monday, December 19 to “Neutral” rating.

Verition Fund Management Llc, which manages about $1.22 billion and $1.34B US Long portfolio, upped its stake in Spirit Airls Inc (NASDAQ:SAVE) by 33,705 shares to 39,731 shares, valued at $1.50 million in 2018Q1, according to the filing. It also increased its holding in Akamai Technologies Inc (NASDAQ:AKAM) by 12,896 shares in the quarter, for a total of 23,138 shares, and has risen its stake in Timken Co (NYSE:TKR).

Applied Materials, Inc. (NASDAQ:AMAT) Institutional Positions Chart

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