Is it smart to be bullish on Cintas Corporation (NASDAQ:CTAS)?
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Now that that’s out of the way, we’re going to discuss the newest info about Cintas Corporation (NASDAQ:CTAS).
How have hedgies been trading Cintas Corporation (NASDAQ:CTAS)?
In preparation for the third quarter, a total of 15 of the hedge funds we track were bullish in this stock, a change of -6% from the first quarter. With hedgies’ capital changing hands, there exists a select group of key hedge fund managers who were boosting their stakes significantly.
As Cintas Corporation (NASDAQ:CTAS) has experienced bearish sentiment from the smart money’s best and brightest, it’s safe to say that there lies a certain “tier” of money managers who were dropping their positions entirely last quarter. Intriguingly, Israel Englander’s Catapult Capital Management said goodbye to the largest stake of all the hedgies we watch, valued at close to $2.6 million in stock. Peter Rathjens Bruce Clarke and John Campbell’s fund, Arrowstreet Capital, also dropped its stock, about $1.5 million worth. These transactions are important to note, as total hedge fund interest dropped by 1 funds last quarter.
How have insiders been trading Cintas Corporation (NASDAQ:CTAS)?
Insider buying is best served when the company in focus has experienced transactions within the past half-year. Over the latest 180-day time frame, Cintas Corporation (NASDAQ:CTAS) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll also take a look at the relationship between both of these indicators in other stocks similar to Cintas Corporation (NASDAQ:CTAS). These stocks are Rollins, Inc. (NYSE:ROL), Alliance Data Systems Corporation (NYSE:ADS), Global Payments Inc (NYSE:GPN), FleetCor Technologies, Inc. (NYSE:FLT), and Vantiv Inc (NYSE:VNTV). This group of stocks are in the business services industry and their market caps match CTAS’s market cap.
