Assenagon Asset Management S.A. Adds $106M in Cintas Corporation ($CTAS)
Key Points
- Assenagon Asset Management S.A. changed its Cintas Corporation ($CTAS) stake by 131.2% last quarter, boosting to 1,026,585 shares worth $186.72 million.
- Wall Street's consensus rating on $CTAS is Buy and an average price target of $212.41.
- $CTAS last traded around $181.88.
Assenagon Asset Management S.A. increased its position in Cintas Corporation ($CTAS) by 131.2% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,026,585 shares of Cintas Corporation after buying 582,651 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Cintas Corporation were worth $186.72 million as of its most recent filing.
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About Cintas Corporation
Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms. In addition, the company offers first aid and safety services, and fire protection products and services. It provides its products and services through its distribution network and local delivery routes, or local representatives to small service and manufacturing companies, as well as major corporations. The company was founded in 1968 and is based in Cincinnati, Ohio. Cintas Corporation was formerly a subsidiary of Cintas Corporation.
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