Vanguard Amends Cintas (CTAS) Stake, Maintains Significant Position

Ticker: CTAS · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 723254

Complexity: simple

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

TL;DR

**Vanguard still owns a big chunk of Cintas, signaling continued institutional confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, updating its beneficial ownership in Cintas Corp (CTAS) as of December 29, 2023. This filing indicates that Vanguard continues to hold a significant stake in Cintas, reinforcing its position as a substantial institutional investor. For Cintas shareholders, this means a large, stable institutional holder remains committed, which can signal confidence in the company's long-term prospects and potentially reduce stock volatility.

Why It Matters

This filing confirms that a major institutional investor, The Vanguard Group, continues to hold a substantial stake in Cintas Corp, which can be a vote of confidence in the company's stability and future performance.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative or positive risks to the company.

Analyst Insight

Investors should note that Vanguard's continued significant stake in Cintas Corp suggests stability from a major institutional holder, but this filing alone doesn't provide new information to warrant immediate buying or selling decisions.

Key Players & Entities

FAQ

What type of filing is this and what does it generally indicate?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It indicates that a passive institutional investor, like The Vanguard Group, is updating its beneficial ownership of a company's securities, in this case, Cintas Corp.

Who is the reporting person in this filing?

The reporting person is The Vanguard Group, identified by IRS Identification No. 23-1945930 and organized in Pennsylvania.

What is the subject company and its CUSIP number?

The subject company is Cintas Corp, and the CUSIP number for its Common Stock is 172908105.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box in the filing.

Filing Stats: 806 words · 3 min read · ~3 pages · Grade level 11.4 · Accepted 2024-02-13 17:02:28

Filing Documents

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Cintas Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 6800 Cintas Boulevard Cincinnati, OH 45262-5737

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 172908105

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

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