Erste Asset Management GmbH Cuts Position in Cintas Corporation $CTAS

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Erste Asset Management GmbH significantly reduced its stake in Cintas Corporation by 47.7% in the third quarter, selling 212,831 shares and bringing its total owned shares to 233,652, valued at $47.7 million. Despite this, other institutional investors like Vanguard Group, State Street Corp, and Geode Capital Management LLC increased their holdings in CTAS. Cintas reported strong Q4 earnings, surpassing analyst estimates, and has an annualized dividend of $1.80 with a 0.9% yield.

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