5 Jim Cramer Stocks This Month

4. Cintas Corporation (NASDAQ:CTAS)

Number of Hedge Fund Holders: 42

Ohio-based Cintas Corporation (NASDAQ:CTAS) make and sells a lot of important items and that’s why the company is poised to do well given the current environment where diversification of revenue streams is the key. Cintas Corporation (NASDAQ:CTAS) sells corporate apparel, mats, mops, cleaning and restroom supplies, first aid and safety products. Jim Cramer gave some very bullish comments about the company in his program on CNBC earlier this month. Cramer said:

“It’s one of the greatest small business companies in the world.”

Hedge funds seem to agree with Cramer, as Insider Monkey’s data shows that they piled into Cintas Corporation (NASDAQ:CTAS) last year. At the end of the third quarter of 2022, 42 hedge funds had stakes in Cintas Corporation (NASDAQ:CTAS), significantly up from 32 hedge funds in the previous quarter. The biggest stakeholder of Cintas Corporation (NASDAQ:CTAS) during this period was Ian Simm’s Impax Asset Management which owns a $386 million stake in the company.

TimesSquare Capital made the following comment about Cintas Corporation (NASDAQ:CTAS) in its Q3 2022 investor letter:

“Cintas Corporation (NASDAQ:CTAS), a supplier of corporate identity uniforms and facility services, gained 4%. Fiscal first quarter results featured beats to revenue and earnings estimates. The company is successfully winning new business and cross-selling into existing customers.”