PNC Financial Services Group Inc. Trims Position in Cintas Corporation $CTAS

NodeGuardian · 2026-02-24T03:27:33+00:00

PNC Financial Services reduced its stake in Cintas by 3.3% but Cintas reported strong financial results and positive FY2026 guidance, initiating a $1 billion share buyback. Analysts maintain a "Moderate Buy" rating with an average target of $221.08.

NodeGuardian

2026-02-24 03:27:33

Abstract generation in progress

PNC Financial Services Group Inc. reduced its stake in Cintas Corporation by 3.3% in the third quarter, selling 39,005 shares and retaining 1,145,050 shares valued at approximately $235 million. Despite this, Cintas has shown strong financial performance, beating Q3 earnings estimates, providing positive FY2026 guidance, and initiating a $1.0 billion share buyback program. Analyst sentiment remains largely positive, with a “Moderate Buy” rating and an average price target of $221.08, including a recent upgrade to “overweight” by Wells Fargo.

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