Cintas (NASDAQ:CTAS) Shares Gap Down - Time to Sell?

Cintas Co. (NASDAQ:CTAS - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $204.39, but opened at $192.66. Cintas shares last traded at $190.57, with a volume of 631,129 shares.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Robert W. Baird increased their target price on shares of Cintas from $194.00 to $209.00 and gave the stock a "neutral" rating in a research report on Thursday, September 26th. UBS Group increased their price target on Cintas from $219.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, September 26th. Barclays lifted their price objective on Cintas from $210.00 to $245.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Jefferies Financial Group reduced their target price on Cintas from $730.00 to $200.00 and set a "hold" rating on the stock in a report on Thursday, September 26th. Finally, Truist Financial boosted their price target on Cintas from $212.50 to $225.00 and gave the company a "buy" rating in a research note on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Cintas presently has an average rating of "Hold" and an average target price of $200.77.

Cintas Trading Down 10.6 %

The business's 50 day simple moving average is $214.74 and its two-hundred day simple moving average is $202.86. The stock has a market cap of $73.72 billion, a P/E ratio of 46.16, a PEG ratio of 4.15 and a beta of 1.33. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the company posted $3.61 EPS. Cintas's quarterly revenue was up 7.8% compared to the same quarter last year. As a group, analysts expect that Cintas Co. will post 4.23 EPS for the current year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 15th were given a dividend of $0.39 per share. The ex-dividend date was Friday, November 15th. This represents a $1.56 annualized dividend and a yield of 0.85%. Cintas's dividend payout ratio is presently 39.39%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CTAS. State Street Corp increased its stake in shares of Cintas by 299.3% in the third quarter. State Street Corp now owns 14,555,558 shares of the business services provider's stock valued at $2,996,697,000 after buying an additional 10,910,285 shares during the period. FMR LLC boosted its holdings in Cintas by 297.3% in the third quarter. FMR LLC now owns 8,781,132 shares of the business services provider's stock valued at $1,807,860,000 after acquiring an additional 6,571,128 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Cintas by 309.7% in the third quarter. Geode Capital Management LLC now owns 8,248,271 shares of the business services provider's stock valued at $1,693,654,000 after acquiring an additional 6,235,052 shares during the last quarter. Franklin Resources Inc. increased its position in Cintas by 264.7% during the 3rd quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider's stock valued at $693,503,000 after purchasing an additional 2,379,932 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Cintas by 308.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,522,921 shares of the business services provider's stock worth $519,419,000 after purchasing an additional 1,904,926 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

About Cintas

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.