Intech Investment Management LLC reduced its stake in Cintas Corporation by 24.0% in Q3, selling 10,871 shares and holding 34,427 shares valued at $7.07 million. Despite this, Cintas slightly surpassed quarterly EPS estimates with a 9.3% revenue increase and declared a quarterly dividend of $0.45. Institutional ownership remains high, with major firms like Vanguard and State Street increasing their positions, while analyst sentiment generally holds a “Hold” rating with an average target price of $218.17.
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Intech Investment Management LLC Decreases Stock Holdings in Cintas Corporation $CTAS
Intech Investment Management LLC reduced its stake in Cintas Corporation by 24.0% in Q3, selling 10,871 shares and holding 34,427 shares valued at $7.07 million. Despite this, Cintas slightly surpassed quarterly EPS estimates with a 9.3% revenue increase and declared a quarterly dividend of $0.45. Institutional ownership remains high, with major firms like Vanguard and State Street increasing their positions, while analyst sentiment generally holds a “Hold” rating with an average target price of $218.17.