Sarasin & Partners Llp Has Trimmed Its Cintas (CTAS) Stake; Independent Bank (IBCP)’s Sentiment Is 1.13

October 13, 2017 - By Marie Mckinney

Sarasin & Partners Llp decreased Cintas Corp (CTAS) stake by 6.23% reported in 2017Q2 SEC filing. Sarasin & Partners Llp sold 13,027 shares as Cintas Corp (CTAS)’s stock rose 2.03%. The Sarasin & Partners Llp holds 196,102 shares with $24.72 million value, down from 209,129 last quarter. Cintas Corp now has $16.16B valuation. The stock rose 0.36% or $0.54 reaching $152.05. About 260,092 shares traded. Cintas Corporation (NASDAQ:CTAS) has risen 32.38% since October 13, 2016 and is uptrending. It has outperformed by 15.68% the S&P500.

Independent Bank Corporation is a bank holding company. The company has market cap of $483.80 million. The Firm owns all of the outstanding stock of Independent Bank . It has a 20.32 P/E ratio. The Bank focuses on commercial banking industry.

Among 13 analysts covering Cintas (NASDAQ:CTAS), 3 have Buy rating, 2 Sell and 8 Hold. Therefore 23% are positive. Cintas had 32 analyst reports since August 14, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of CTAS in report on Thursday, August 11 with “Equal-Weight” rating. The stock has “Underweight” rating by Morgan Stanley on Tuesday, July 25. The stock of Cintas Corporation (NASDAQ:CTAS) has “Hold” rating given on Tuesday, June 27 by Nomura. The stock of Cintas Corporation (NASDAQ:CTAS) earned “Neutral” rating by Sterne Agee CRT on Tuesday, March 22. Morgan Stanley maintained the shares of CTAS in report on Wednesday, August 17 with “Underweight” rating. The firm earned “Sector Perform” rating on Friday, September 25 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, August 17 by Nomura. The rating was maintained by Deutsche Bank on Friday, July 21 with “Hold”. On Friday, September 1 the stock rating was maintained by Stifel Nicolaus with “Hold”. Nomura maintained the shares of CTAS in report on Friday, August 26 with “Buy” rating.

Investors sentiment decreased to 1.04 in 2017 Q2. Its down 0.02, from 1.06 in 2017Q1. It dropped, as 30 investors sold CTAS shares while 172 reduced holdings. 59 funds opened positions while 152 raised stakes. 68.47 million shares or 2.60% less from 70.30 million shares in 2017Q1 were reported. New York-based Prelude Cap Mgmt has invested 0.01% in Cintas Corporation (NASDAQ:CTAS). 6,627 are owned by Cim. Pennsylvania Co invested in 1,755 shares. Brown Brothers Harriman & Company holds 0% or 1,307 shares in its portfolio. Morgan Dempsey Cap Mngmt Ltd reported 0.07% in Cintas Corporation (NASDAQ:CTAS). Ontario Teachers Pension Plan Board stated it has 69,230 shares or 0.11% of all its holdings. Punch Associate Inv Mngmt accumulated 32,696 shares. Oregon Public Employees Retirement Fund, Oregon-based fund reported 34,952 shares. Genesee Valley Tru holds 2,922 shares or 0.16% of its portfolio. Grantham Mayo Van Otterloo Limited Liability invested in 0.03% or 49,608 shares. Dimensional Fund Advsrs LP reported 429,494 shares. Chevy Chase Hldgs holds 0.04% of its portfolio in Cintas Corporation (NASDAQ:CTAS) for 74,403 shares. M&T Savings Bank Corp has invested 0.01% of its portfolio in Cintas Corporation (NASDAQ:CTAS). Northcoast Asset Mgmt Limited Liability Com, Connecticut-based fund reported 35,129 shares. Amer Int Inc holds 0.02% or 45,992 shares in its portfolio.

Sarasin & Partners Llp increased Prologis Inc (NYSE:PLD) stake by 8,171 shares to 413,080 valued at $24.22M in 2017Q2. It also upped Icici Bk Ltd (NYSE:IBN) stake by 143,167 shares and now owns 4.91M shares. Vanguard Bd Index Fd Inc (BND) was raised too.

About 21,854 shares traded. Independent Bank Corporation(MI) (IBCP) has risen 39.51% since October 13, 2016 and is uptrending. It has outperformed by 22.81% the S&P500.

Analysts await Independent Bank Corporation(MI) (NASDAQ:IBCP) to report earnings on October, 26. They expect $0.32 earnings per share, up 6.67% or $0.02 from last year’s $0.3 per share. IBCP’s profit will be $6.83 million for 17.71 P/E if the $0.32 EPS becomes a reality. After $0.27 actual earnings per share reported by Independent Bank Corporation(MI) for the previous quarter, Wall Street now forecasts 18.52% EPS growth.

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