Chevy Chase Trust Holdings LLC Has $36.02 Million Stock Position in Cintas Corporation $CTAS

Key Points

• Chevy Chase Trust Holdings LLC trimmed its stake in Cintas by 3.6% in Q3, selling 6,462 shares and ending the period with 175,469 shares valued at about $36.02 million.
• Several large institutions reshuffled positions — Norges Bank initiated a ~ $925.5 million stake and Two Sigma added ~998,963 shares (now 1,016,671 shares worth ~$208.7 million) — leaving institutional investors with 63.46% ownership of Cintas.
• Analysts hold a consensus "Moderate Buy" with an average price target of $220.25; Cintas recently beat quarterly EPS/revenue, set FY2026 guidance of $4.81–$4.88 EPS, and trades at a P/E of 56.64 with a market cap around $77.7 billion.

Chevy Chase Trust Holdings LLC lowered its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 3.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 175,469 shares of the business services provider's stock after selling 6,462 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Cintas were worth $36,017,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Cintas in the second quarter valued at approximately $925,531,000. Two Sigma Investments LP increased its holdings in shares of Cintas by 5,641.3% during the 3rd quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider's stock worth $208,682,000 after acquiring an additional 998,963 shares during the last quarter. Freestone Grove Partners LP increased its holdings in shares of Cintas by 5,341.8% during the 3rd quarter. Freestone Grove Partners LP now owns 747,109 shares of the business services provider's stock worth $153,352,000 after acquiring an additional 733,380 shares during the last quarter. Alliancebernstein L.P. raised its stake in Cintas by 125.5% in the 3rd quarter. Alliancebernstein L.P. now owns 1,130,292 shares of the business services provider's stock valued at $232,004,000 after acquiring an additional 629,065 shares during the period. Finally, Amundi lifted its holdings in Cintas by 39.0% during the 3rd quarter. Amundi now owns 2,223,411 shares of the business services provider's stock valued at $442,548,000 after purchasing an additional 623,770 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CTAS shares. Morgan Stanley reduced their price objective on shares of Cintas from $220.00 to $210.00 and set an "equal weight" rating for the company in a research report on Wednesday, December 17th. Royal Bank Of Canada restated a "sector perform" rating and set a $206.00 target price on shares of Cintas in a research note on Friday, December 19th. Argus raised shares of Cintas to a "strong-buy" rating in a report on Wednesday, January 21st. Robert W. Baird upgraded shares of Cintas from a "neutral" rating to an "outperform" rating and set a $250.00 price target on the stock in a research note on Wednesday, March 11th. Finally, UBS Group reissued a "buy" rating on shares of Cintas in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $220.25.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $194.28 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. The firm has a market cap of $77.69 billion, a price-to-earnings ratio of 56.64, a P/E/G ratio of 3.50 and a beta of 0.95. The stock's fifty day moving average price is $195.16 and its two-hundred day moving average price is $193.20. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company's revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, equities analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were paid a $0.45 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas's payout ratio is 52.48%.

Cintas Company Profile

Cintas Corporation NASDAQ: CTAS is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.

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