Cintas Co. (NASDAQ:CTAS) has seen a flurry of activity, becoming a favorite with holding and acquisitions seeing a solid surge, with returns up about
194% over the past five years. Financial tv-show host,
Jim Cramer is bullish about the company, backing a controversial
$5 Billion hostile takeover and citing confidence in CEO Todd Schneider. Several institutions and financial firms have increased their holdings, such as
Forsta AP Fonden and
Baader Bank Aktiengesellschaft among others. Solid dividend payouts have kept investors happy too, with Cintas maintaining a 41-year streak, recently declaring a
$0.39 quarterly payout. Sustainability has also been a focus, with a recent report showing a 40% drop in emissions. There's a good deal of interest in the company's growth as it seeks to acquire a major competitor,
UniFirst, for
$275.00 per share in cash. Overall, a mixture of promising fundamentals, strong dividends, and aspects of
sustainability and
acquisitions possibly providing the impetus for this run.
Cintas Corp CTAS News Analytics from Thu, 18 Jul 2024 07:00:00 GMT to Sat, 01 Feb 2025 11:00:01 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor -3
