Citigroup Inc. significantly reduced its stake in Cintas Corporation (NASDAQ:CTAS) by 21.3% in the third quarter, selling 123,123 shares but still retaining 455,620 shares valued at approximately $93.5 million. Despite this sale, institutional ownership of Cintas remains high at 63.46%, with Vanguard Group Inc. being the largest institutional holder, having increased its position. Cintas recently announced positive quarterly earnings, provided FY2026 guidance, declared a quarterly dividend, and authorized a $1.0 billion share buyback program.
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Cintas Corporation $CTAS Shares Sold by Citigroup Inc.
Citigroup Inc. significantly reduced its stake in Cintas Corporation (NASDAQ:CTAS) by 21.3% in the third quarter, selling 123,123 shares but still retaining 455,620 shares valued at approximately $93.5 million. Despite this sale, institutional ownership of Cintas remains high at 63.46%, with Vanguard Group Inc. being the largest institutional holder, having increased its position. Cintas recently announced positive quarterly earnings, provided FY2026 guidance, declared a quarterly dividend, and authorized a $1.0 billion share buyback program.