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

Traynor Capital Management Inc. grew its position in Cintas Co. (NASDAQ:CTAS) by 13.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,982 shares of the business services provider’s stock after acquiring an additional 2,040 shares during the period. Traynor Capital Management Inc.’s holdings in Cintas were worth $3,103,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CTAS. Quarry LP increased its holdings in shares of Cintas by 500.0% in the second quarter. Quarry LP now owns 108 shares of the business services provider’s stock worth $76,000 after acquiring an additional 90 shares in the last quarter. Financial Management Professionals Inc. increased its position in shares of Cintas by 341.4% during the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after acquiring an additional 99 shares in the last quarter. Hollencrest Capital Management lifted its position in Cintas by 433.3% in the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 104 shares in the last quarter. Addison Advisors LLC boosted its position in shares of Cintas by 495.7% during the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after buying an additional 114 shares during the period. Finally, Grove Bank & Trust boosted its holdings in Cintas by 1,340.0% during the third quarter. Grove Bank & Trust now owns 144 shares of the business services provider’s stock worth $30,000 after purchasing an additional 134 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a report on Friday, December 20th. Truist Financial decreased their price objective on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, December 20th. UBS Group dropped their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Wells Fargo & Company reduced their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. Finally, Morgan Stanley upped their price objective on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $198.46.

Cintas Trading Down 1.1 %

CTAS opened at $199.02 on Thursday. Cintas Co. has a 1-year low of $148.75 and a 1-year high of $228.12. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The company has a market cap of $80.31 billion, a P/E ratio of 47.99, a PEG ratio of 3.89 and a beta of 1.37. The company’s 50 day moving average is $204.22 and its 200-day moving average is $205.67.

Cintas (NASDAQ:CTAS) 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. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the business earned $3.61 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts predict that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.78%. Cintas’s dividend payout ratio (DPR) is presently 37.61%.

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.