Cintas Co. (NASDAQ:CTAS) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its position in Cintas Co. (NASDAQ:CTAS) by 9.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 223,423 shares of the business services provider’s stock after selling 22,497 shares during the quarter. Prudential Financial Inc. owned about 0.06% of Cintas worth $40,819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CTAS. Great Valley Advisor Group Inc. purchased a new position in shares of Cintas during the third quarter valued at approximately $223,000. Kingsview Wealth Management LLC boosted its holdings in shares of Cintas by 389.4% during the third quarter. Kingsview Wealth Management LLC now owns 4,874 shares of the business services provider’s stock worth $1,003,000 after purchasing an additional 3,878 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Cintas by 11,173.9% in the third quarter. Larson Financial Group LLC now owns 2,593 shares of the business services provider’s stock valued at $534,000 after purchasing an additional 2,570 shares during the period. Fisher Asset Management LLC increased its stake in Cintas by 178.3% in the third quarter. Fisher Asset Management LLC now owns 2,460 shares of the business services provider’s stock valued at $507,000 after purchasing an additional 1,576 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC lifted its position in Cintas by 300.0% during the third quarter. Douglass Winthrop Advisors LLC now owns 1,440 shares of the business services provider’s stock worth $296,000 after buying an additional 1,080 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Down 0.6 %

Shares of NASDAQ:CTAS opened at $193.46 on Wednesday. The company has a 50 day moving average of $200.57 and a two-hundred day moving average of $208.92. Cintas Co. has a 52-week low of $158.10 and a 52-week high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $78.07 billion, a price-to-earnings ratio of 46.64, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Friday, February 14th. Cintas’s dividend payout ratio (DPR) is 37.59%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. Citigroup began coverage on shares of Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 price target on the stock. The Goldman Sachs Group lowered their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Morgan Stanley increased their target price on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $199.79.

Cintas Profile

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.