National Pension Service Increases Position in Comerica (CMA); Cabot Wealth Management Decreased Its Stake in Cintas (CTAS) by $526,176 as Stock Rose

February 22, 2018 - By Louis Casey

Cabot Wealth Management Inc decreased its stake in Cintas Corp (CTAS) by 6.5% based on its latest 2017Q3 regulatory filing with the SEC. Cabot Wealth Management Inc sold 3,654 shares as the company’s stock rose 2.03% with the market. The institutional investor held 52,524 shares of the apparel company at the end of 2017Q3, valued at $7.58M, down from 56,178 at the end of the previous reported quarter. Cabot Wealth Management Inc who had been investing in Cintas Corp for a number of months, seems to be less bullish one the $17.81 billion market cap company. The stock decreased 0.04% or $0.06 during the last trading session, reaching $167.28. About 299,581 shares traded. Cintas Corporation (NASDAQ:CTAS) has risen 32.38% since February 22, 2017 and is uptrending. It has outperformed by 15.68% the S&P500.

National Pension Service increased its stake in Comerica Inc (CMA) by 4.05% based on its latest 2017Q3 regulatory filing with the SEC. National Pension Service bought 7,422 shares as the company’s stock declined 5.54% while stock markets rallied. The institutional investor held 190,625 shares of the major banks company at the end of 2017Q3, valued at $14.40 million, up from 183,203 at the end of the previous reported quarter. National Pension Service who had been investing in Comerica Inc for a number of months, seems to be bullish on the $16.75B market cap company. The stock decreased 1.50% or $1.48 during the last trading session, reaching $96.93. About 624,266 shares traded. Comerica Incorporated (NYSE:CMA) has risen 54.07% since February 22, 2017 and is uptrending. It has outperformed by 37.37% the S&P500.

Cabot Wealth Management Inc, which manages about $552.75 million and $445.63 million US Long portfolio, upped its stake in Vanguard Malvern Fds (VTIP) by 36,195 shares to 124,092 shares, valued at $6.14M in 2017Q3, according to the filing. It also increased its holding in Manpowergroup Inc (NYSE:MAN) by 27,560 shares in the quarter, for a total of 56,595 shares, and has risen its stake in Powershares Etf Tr Ii (VRP).

Analysts await Cintas Corporation (NASDAQ:CTAS) to report earnings on March, 28. They expect $1.24 earnings per share, up 11.71% or $0.13 from last year’s $1.11 per share. CTAS’s profit will be $132.04M for 33.73 P/E if the $1.24 EPS becomes a reality. After $1.31 actual earnings per share reported by Cintas Corporation for the previous quarter, Wall Street now forecasts -5.34% negative EPS growth.

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

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.02, from 1.04 in 2017Q2. It dropped, 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. Asset Management Inc invested in 0% or 1,377 shares. 3,120 are held by First Midwest Natl Bank Division. 63,483 are owned by Truepoint. Exxonmobil Invest Management Tx owns 15,596 shares or 0.06% of their US portfolio. 8,681 were reported by Advantus Cap. Gam Ag owns 3,500 shares. Fund Management holds 0% of its portfolio in Cintas Corporation (NASDAQ:CTAS) for 3,600 shares. Hsbc Holdings Public Ltd Co holds 50,084 shares. Prelude Capital Ltd Liability Corp holds 0% or 42 shares. Long Road Counsel holds 3,450 shares. Tci Wealth Advsrs holds 519 shares. Moreover, Da Davidson has 0% invested in Cintas Corporation (NASDAQ:CTAS). Logan Cap Mgmt holds 0.55% of its portfolio in Cintas Corporation (NASDAQ:CTAS) for 53,537 shares. Metropolitan Life Insur Communication Ny invested 0.04% in Cintas Corporation (NASDAQ:CTAS). Neuberger Berman Group Inc stated it has 174,184 shares.

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 has “Hold” rating by Stifel Nicolaus on Tuesday, September 26. RBC Capital Markets maintained Cintas Corporation (NASDAQ:CTAS) on Thursday, December 21 with “Hold” rating. As per Friday, July 21, the company rating was maintained by Deutsche Bank. RBC Capital Markets maintained Cintas Corporation (NASDAQ:CTAS) on Friday, September 25 with “Sector Perform” rating. On Friday, August 14 the stock rating was initiated by Morgan Stanley with “Equal-Weight”. RBC Capital Markets maintained Cintas Corporation (NASDAQ:CTAS) rating on Thursday, September 28. RBC Capital Markets has “Hold” rating and $136.0 target. Robert W. Baird maintained it with “Buy” rating and $185.0 target in Friday, December 22 report. As per Tuesday, December 19, the company rating was maintained by KeyBanc Capital Markets. The stock of Cintas Corporation (NASDAQ:CTAS) has “Underweight” rating given on Wednesday, August 17 by Morgan Stanley. RBC Capital Markets maintained it with “Sector Perform” rating and $94 target in Tuesday, December 22 report.

Among 33 analysts covering Comerica Inc (NYSE:CMA), 16 have Buy rating, 2 Sell and 15 Hold. Therefore 48% are positive. Comerica Inc had 123 analyst reports since July 20, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, October 3 by SunTrust. Jefferies maintained the shares of CMA in report on Thursday, June 8 with “Buy” rating. Susquehanna maintained the shares of CMA in report on Thursday, January 4 with “Hold” rating. The firm earned “Buy” rating on Friday, August 11 by Jefferies. The stock of Comerica Incorporated (NYSE:CMA) has “Hold” rating given on Tuesday, January 16 by Sandler O’Neill. The stock of Comerica Incorporated (NYSE:CMA) earned “Buy” rating by Jefferies on Monday, November 28. The stock of Comerica Incorporated (NYSE:CMA) earned “Outperform” rating by Macquarie Research on Friday, November 17. Bernstein maintained the shares of CMA in report on Wednesday, January 17 with “Hold” rating. Deutsche Bank maintained it with “Hold” rating and $82 target in Wednesday, November 8 report. The firm earned “Neutral” rating on Monday, August 24 by Robert W. Baird.

Since August 23, 2017, it had 0 insider buys, and 9 insider sales for $20.64 million activity. The insider OBERMEYER PAUL R sold $1.43M. 61,500 shares were sold by BABB RALPH W JR, worth $5.78M on Thursday, January 18. Burkhart Megan D had sold 3,000 shares worth $284,412 on Thursday, January 25. On Saturday, January 27 the insider FARMER CURTIS C sold $1.81 million. $102,044 worth of stock was sold by Guilfoile Peter William on Friday, February 2. The insider Buchanan John D sold $243,919.

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