Lionstone Capital Management Raised Cintas (CTAS) Stake by $2.45 Million; Stock Value Rose; As Invesco Limited (IVZ) Shares Declined, Shareholder Johnson Investment Counsel Has Trimmed Its Stake by $4.24 Million

February 16, 2018 - By reb123z

Johnson Investment Counsel Inc decreased its stake in Invesco Limited (IVZ) by 16.89% based on its latest 2017Q3 regulatory filing with the SEC. Johnson Investment Counsel Inc sold 121,056 shares as the company’s stock declined 2.83% while stock markets rallied. The institutional investor held 595,508 shares of the investment managers company at the end of 2017Q3, valued at $20.87M, down from 716,564 at the end of the previous reported quarter. Johnson Investment Counsel Inc who had been investing in Invesco Limited for a number of months, seems to be less bullish one the $13.70B market cap company. The stock increased 1.40% or $0.465 during the last trading session, reaching $33.655. About 1.77 million shares traded. Invesco Ltd. (NYSE:IVZ) has risen 9.83% since February 16, 2017 and is uptrending. It has underperformed by 6.87% the S&P500.

Leon Lowenstein increased its stake in Cintas Corp (CTAS) by 12.32% based on its latest 2017Q3 regulatory filing with the SEC. Lionstone Capital Management Llc bought 17,000 shares as the company’s stock rose 2.03% with the market. The hedge fund run by Leon Lowenstein held 155,000 shares of the apparel company at the end of 2017Q3, valued at $22.36 million, up from 138,000 at the end of the previous reported quarter. Lionstone Capital Management Llc who had been investing in Cintas Corp for a number of months, seems to be bullish on the $17.78B market cap company. The stock decreased 0.01% or $0.01 during the last trading session, reaching $166.93. About 292,165 shares traded. Cintas Corporation (NASDAQ:CTAS) has risen 32.38% since February 16, 2017 and is uptrending. It has outperformed by 15.68% the S&P500.




Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.02, from 1.04 in 2017Q2. It turned negative, 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. Federated Investors Pa has 0% invested in Cintas Corporation (NASDAQ:CTAS). Tuttle Tactical Management Lc holds 0.59% or 4,106 shares in its portfolio. Invesco Limited holds 1.32 million shares or 0.07% of its portfolio. 45,500 are held by Bridgeway Mgmt. Bnp Paribas Asset Mgmt Holdings Sa stated it has 0.01% of its portfolio in Cintas Corporation (NASDAQ:CTAS). Scott And Selber reported 2,150 shares stake. Envestnet Asset stated it has 0.01% of its portfolio in Cintas Corporation (NASDAQ:CTAS). New Mexico Educational Retirement Board reported 8,034 shares or 0.06% of all its holdings. Dimensional Fund Advsrs Lp has 430,511 shares for 0.03% of their portfolio. Michigan-based State Treasurer State Of Michigan has invested 0.03% in Cintas Corporation (NASDAQ:CTAS). Duncker Streett And invested in 1,600 shares. Long Road Inv Counsel Ltd Company has invested 0.35% in Cintas Corporation (NASDAQ:CTAS). Comerica Bancorp accumulated 33,545 shares or 0.04% of the stock. Tiaa Cref Invest Mgmt Limited Liability Company holds 274,372 shares or 0.03% of its portfolio. One Natl Association invested 0.02% of its portfolio in Cintas Corporation (NASDAQ:CTAS).

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 company was maintained on Tuesday, October 31 by Robert W. Baird. Nomura maintained it with “Buy” rating and $124 target in Wednesday, August 17 report. RBC Capital Markets maintained it with “Sector Perform” rating and $88 target in Friday, September 25 report. The stock of Cintas Corporation (NASDAQ:CTAS) earned “Buy” rating by KeyBanc Capital Markets on Tuesday, December 19. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, December 22 report. The firm has “Hold” rating given on Friday, September 1 by Stifel Nicolaus. As per Wednesday, April 13, the company rating was upgraded by KeyBanc Capital Markets. The rating was maintained by RBC Capital Markets with “Hold” on Monday, November 20. Morgan Stanley maintained the stock with “Underweight” rating in Tuesday, July 25 report. The firm has “Overweight” rating given on Wednesday, August 17 by Barclays Capital.

Since August 15, 2017, it had 0 insider buys, and 1 sale for $1.99 million activity. 2,000 shares valued at $267,380 were sold by Adolph Gerald S on Tuesday, August 15.

Johnson Investment Counsel Inc, which manages about $8.19B and $3.78 billion US Long portfolio, upped its stake in Coca Cola Company (NYSE:KO) by 21,786 shares to 966,004 shares, valued at $43.48M in 2017Q3, according to the filing. It also increased its holding in Ishares Core Msci Emerging Market (IEMG) by 11,939 shares in the quarter, for a total of 25,607 shares, and has risen its stake in Vanguard Ftse All (VEU).

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