Traynor Capital Management Inc. Has $3.10 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Traynor Capital Management Inc. increased its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,982 shares of the business services provider's stock after purchasing an additional 2,040 shares during the quarter. Traynor Capital Management Inc.'s holdings in Cintas were worth $3,103,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. grew its position in Cintas by 57.4% in the second quarter. Sei Investments Co. now owns 38,848 shares of the business services provider's stock worth $27,202,000 after acquiring an additional 14,170 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Cintas by 4.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 827 shares of the business services provider's stock valued at $579,000 after purchasing an additional 38 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Cintas by 60.1% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 17,489 shares of the business services provider's stock worth $12,247,000 after purchasing an additional 6,562 shares in the last quarter. Caxton Associates LP acquired a new position in Cintas during the second quarter worth $371,000. Finally, AXA S.A. lifted its position in shares of Cintas by 13.6% in the second quarter. AXA S.A. now owns 33,899 shares of the business services provider's stock worth $23,738,000 after buying an additional 4,057 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Performance

Cintas stock traded down $1.22 on Thursday, hitting $197.80. The company's stock had a trading volume of 1,114,187 shares, compared to its average volume of 2,019,013. Cintas Co. has a one year low of $148.75 and a one year 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 firm has a market cap of $79.82 billion, a P/E ratio of 47.69, a price-to-earnings-growth ratio of 3.89 and a beta of 1.37. The company has a fifty day moving average price of $203.73 and a 200-day moving average price of $205.62.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business's revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $3.61 earnings per share. On average, equities analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.79%. Cintas's dividend payout ratio (DPR) is 37.61%.

Analyst Ratings Changes

CTAS has been the topic of a number of analyst reports. Jefferies Financial Group lowered their price objective on Cintas from $730.00 to $200.00 and set a "hold" rating on the stock in a report on Thursday, September 26th. Morgan Stanley upped their price objective on shares of Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. UBS Group decreased their price target on shares of Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a report on Friday, December 20th. Finally, The Goldman Sachs Group dropped their price objective on Cintas from $236.00 to $211.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Cintas presently has an average rating of "Hold" and an average target price of $198.46.

Cintas Company 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.