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AustralianSuper Pty Ltd Sells 681,115 Shares of Cintas Corporation $CTAS
AustralianSuper Pty Ltd significantly reduced its stake in Cintas Corporation (NASDAQ:CTAS) by selling 681,115 shares, decreasing its holdings by 81.3% to 156,286 shares valued at $32.079 million. Despite this large sale, other institutional investors have recently increased their positions in Cintas. The company reported strong quarterly earnings, beating analyst estimates, and has an average “Hold” rating from analysts with a target price of $218.17.