Progressive Ohio (PGR) Holder Voya Investment Management Boosted Stake; Cintas (CTAS) Position Maintained by Junto Capital Management Lp

May 25, 2018 - By Michael Collier

Cintas Corporation (NASDAQ:CTAS) Logo

Voya Investment Management Llc increased its stake in Progressive Corp Ohio (PGR) by 11.61% based on its latest 2017Q4 regulatory filing with the SEC. Voya Investment Management Llc bought 670,535 shares as the company’s stock rose 7.49% while stock markets declined. The institutional investor held 6.45 million shares of the property-casualty insurers company at the end of 2017Q4, valued at $363.02 million, up from 5.78M at the end of the previous reported quarter. Voya Investment Management Llc who had been investing in Progressive Corp Ohio for a number of months, seems to be bullish on the $36.47B market cap company. The stock increased 0.64% or $0.4 during the last trading session, reaching $62.63. About 2.62M shares traded. The Progressive Corporation (NYSE:PGR) has risen 52.71% since May 25, 2017 and is uptrending. It has outperformed by 41.16% the S&P500.

Junto Capital Management Lp increased its stake in Cintas Corp (CTAS) by 3.64% based on its latest 2017Q4 regulatory filing with the SEC. Junto Capital Management Lp bought 14,891 shares as the company’s stock rose 8.12% while stock markets declined. The institutional investor held 423,920 shares of the apparel company at the end of 2017Q4, valued at $66.06M, up from 409,029 at the end of the previous reported quarter. Junto Capital Management Lp who had been investing in Cintas Corp for a number of months, seems to be bullish on the $19.39B market cap company. The stock increased 0.49% or $0.89 during the last trading session, reaching $181.65. About 263,044 shares traded. Cintas Corporation (NASDAQ:CTAS) has risen 35.54% since May 25, 2017 and is uptrending. It has outperformed by 23.99% the S&P500.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.09, from 1.02 in 2017Q3. It dived, as 39 investors sold CTAS shares while 185 reduced holdings. 68 funds opened positions while 141 raised stakes. 68.29 million shares or 1.49% less from 69.32 million shares in 2017Q3 were reported. Castleark Mgmt Limited Com holds 16,300 shares. Wendell David Associate Inc holds 0.04% or 1,400 shares in its portfolio. Bridgewater Assoc Ltd Partnership invested in 0% or 1,341 shares. Rafferty Asset Mngmt Lc has invested 0.03% of its portfolio in Cintas Corporation (NASDAQ:CTAS). Raymond James Trust Na reported 2,447 shares stake. Cetera Limited Co holds 0.02% or 2,334 shares in its portfolio. Tower Research Capital Ltd Liability Corporation (Trc) stated it has 0.06% in Cintas Corporation (NASDAQ:CTAS). Rampart Invest Management Company Ltd Llc holds 0.06% or 1,062 shares in its portfolio. Gulf Bankshares (Uk) Limited reported 28,667 shares. Axa owns 59,526 shares. Swiss Bank has invested 0.07% in Cintas Corporation (NASDAQ:CTAS). Citadel Lc owns 999,280 shares. Numeric Invsts Limited Liability Corporation holds 0% or 2,500 shares in its portfolio. Lvm Mgmt Ltd Mi has invested 0.11% in Cintas Corporation (NASDAQ:CTAS). 1,700 were reported by Schroder Mgmt Gru.

Junto Capital Management Lp, which manages about $738.27 million and $1.31 billion US Long portfolio, decreased its stake in S&P Global Inc by 31,901 shares to 169,881 shares, valued at $28.78M in 2017Q4, according to the filing. It also reduced its holding in Netflix Inc (NASDAQ:NFLX) by 8,041 shares in the quarter, leaving it with 257,621 shares, and cut its stake in Live Nation Entertainment In (NYSE:LYV).

More notable recent Cintas Corporation (NASDAQ:CTAS) news were published by: Businesswire.com which released: “Minnesota OSHA Recognizes Cintas in Eagan with Highest Safety Designation” on May 18, 2018, also Businesswire.com with their article: “Cintas Adds to Zero Waste Achievements with TRUE Certification at Dallas Distribution Center” published on May 15, 2018, Bizjournals.com published: “Greater Cincinnati company joins 2018 Fortune 500 list” on May 21, 2018. More interesting news about Cintas Corporation (NASDAQ:CTAS) were released by: Businesswire.com and their article: “OSHA Recognizes Cintas in Kansas City, KS with Highest Safety Designation” published on May 08, 2018 as well as Businesswire.com‘s news article titled: “Cintas App Helps Memorial Day Travelers Avoid ‘Spotty Potties'” with publication date: May 22, 2018.

Among 17 analysts covering Cintas (NASDAQ:CTAS), 7 have Buy rating, 2 Sell and 8 Hold. Therefore 41% are positive. Cintas had 48 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Tuesday, October 31 with “Buy”. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Wednesday, April 13. The stock of Cintas Corporation (NASDAQ:CTAS) earned “Underweight” rating by Morgan Stanley on Wednesday, January 31. Barclays Capital maintained Cintas Corporation (NASDAQ:CTAS) rating on Thursday, August 11. Barclays Capital has “Equal-Weight” rating and $110 target. The stock of Cintas Corporation (NASDAQ:CTAS) earned “Buy” rating by Nomura on Wednesday, August 17. The firm has “Buy” rating given on Tuesday, March 27 by Goldman Sachs. Instinet downgraded the shares of CTAS in report on Tuesday, June 27 to “Neutral” rating. The stock of Cintas Corporation (NASDAQ:CTAS) earned “Hold” rating by Stifel Nicolaus on Tuesday, December 20. The rating was maintained by Morgan Stanley with “Underweight” on Friday, March 23. As per Thursday, September 28, the company rating was maintained by Robert W. Baird.

Since January 12, 2018, it had 0 insider buys, and 3 sales for $5.31 million activity. Holloman James Phillip also sold $1.29M worth of Cintas Corporation (NASDAQ:CTAS) on Monday, April 30.

Among 21 analysts covering Progressive (NYSE:PGR), 8 have Buy rating, 3 Sell and 10 Hold. Therefore 38% are positive. Progressive had 69 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of The Progressive Corporation (NYSE:PGR) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, November 15. The stock has “Underweight” rating by Barclays Capital on Friday, August 11. The rating was downgraded by Keefe Bruyette & Woods to “Hold” on Thursday, May 17. The firm earned “Buy” rating on Thursday, January 25 by UBS. Goldman Sachs downgraded the stock to “Sell” rating in Monday, November 16 report. The company was maintained on Tuesday, September 19 by UBS. The firm earned “Hold” rating on Tuesday, July 11 by FBR Capital. Keefe Bruyette & Woods maintained The Progressive Corporation (NYSE:PGR) on Monday, September 18 with “Buy” rating. The firm earned “Buy” rating on Sunday, July 23 by Keefe Bruyette & Woods. As per Thursday, August 3, the company rating was maintained by Wells Fargo.

Investors sentiment increased to 1.17 in Q4 2017. Its up 0.10, from 1.07 in 2017Q3. It increased, as 32 investors sold PGR shares while 198 reduced holdings. 81 funds opened positions while 189 raised stakes. 453.53 million shares or 1.27% more from 447.86 million shares in 2017Q3 were reported. Susquehanna Interest Gp Ltd Liability Partnership reported 0% stake. Point72 Asset Mngmt Ltd Partnership has 643,700 shares for 0.16% of their portfolio. 1,625 are owned by First Interstate Financial Bank. Prelude Cap Management Lc owns 4,837 shares for 0.02% of their portfolio. Goldman Sachs Group Inc holds 0.09% or 6.64 million shares. Columbus Circle Investors reported 0.25% of its portfolio in The Progressive Corporation (NYSE:PGR). Artisan Prtn Lp has invested 1.66% of its portfolio in The Progressive Corporation (NYSE:PGR). Gideon Advisors has invested 0.35% in The Progressive Corporation (NYSE:PGR). Gyroscope Cap Gp Ltd Liability Corporation accumulated 48,316 shares. Welch And Forbes Llc has 53,797 shares for 0.08% of their portfolio. State Of Tennessee Treasury Department holds 577,624 shares. Royal Natl Bank Of Canada accumulated 926,989 shares or 0.02% of the stock. Virtus Inv Advisers invested in 79,894 shares or 0.22% of the stock. Citadel Advsrs Limited Liability owns 3.29 million shares. Sg Americas Secs Ltd Llc invested 0.06% in The Progressive Corporation (NYSE:PGR).

Since April 25, 2018, it had 0 buys, and 4 sales for $2.28 million activity. BASCH JEFFREY W sold $665,940 worth of stock. Griffith Susan Patricia sold 12,600 shares worth $762,804. The insider Broz Steven sold 2,000 shares worth $121,236.

Another recent and important The Progressive Corporation (NYSE:PGR) news was published by Seekingalpha.com which published an article titled: “Progressive’s Dashboard Report – April 2018 Update” on May 17, 2018.

Cintas Corporation (NASDAQ:CTAS) Institutional Positions Chart

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