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Impax Asset Management Group plc Raises Stock Holdings in Cintas Corporation $CTAS
Impax Asset Management Group plc significantly increased its stake in Cintas Corporation (NASDAQ:CTAS) by 29.5% in the fourth quarter, now holding over 1.3 million shares valued at approximately $253.19 million, making it their 18th-largest position. Cintas reported strong quarterly results with an 8.9% revenue increase and EPS meeting estimates, alongside declaring a $0.45 quarterly dividend. Despite mixed analyst ratings, with a consensus “Hold” and an average price target of $215.17, institutional investors own 63.46% of the company.