Oxford Asset Management LLP Purchases 6,657 Shares of Cintas Co. (NASDAQ:CTAS)

Oxford Asset Management LLP grew its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 61.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,470 shares of the business services provider's stock after acquiring an additional 6,657 shares during the quarter. Cintas comprises approximately 1.7% of Oxford Asset Management LLP's investment portfolio, making the stock its 2nd largest holding. Oxford Asset Management LLP's holdings in Cintas were worth $3,192,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. China Universal Asset Management Co. Ltd. boosted its position in Cintas by 28.4% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider's stock valued at $1,199,000 after buying an additional 1,450 shares during the last quarter. KMG Fiduciary Partners LLC boosted its position in Cintas by 121.8% in the fourth quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider's stock valued at $2,109,000 after buying an additional 6,341 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Cintas by 137.5% in the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider's stock valued at $457,574,000 after buying an additional 1,286,668 shares during the last quarter. Annex Advisory Services LLC boosted its position in Cintas by 1.6% in the fourth quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider's stock valued at $23,283,000 after buying an additional 1,988 shares during the last quarter. Finally, LVM Capital Management Ltd. MI boosted its position in Cintas by 292.7% in the fourth quarter. LVM Capital Management Ltd. MI now owns 5,482 shares of the business services provider's stock valued at $1,002,000 after buying an additional 4,086 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Price Performance

Shares of NASDAQ:CTAS traded up $0.98 during midday trading on Tuesday, reaching $209.26. 1,380,248 shares of the company's stock traded hands, compared to its average volume of 1,698,659. Cintas Co. has a 1 year low of $162.16 and a 1 year high of $228.12. The company has a market cap of $84.50 billion, a P/E ratio of 50.45, a PEG ratio of 3.98 and a beta of 1.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The company has a fifty day simple moving average of $201.61 and a two-hundred day simple moving average of $204.32.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the firm posted $3.84 EPS. The business's revenue was up 8.4% on a year-over-year basis. Equities analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Thursday, May 15th. Cintas's dividend payout ratio is currently 36.11%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Morgan Stanley upped their target price on Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research report on Thursday, March 27th. Truist Financial upped their target price on Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. UBS Group upped their price objective on Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Citigroup began coverage on Cintas in a research report on Monday, February 24th. They issued a "sell" rating and a $161.00 price objective on the stock. Finally, Wells Fargo & Company upped their price objective on Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a research report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $213.62.

Insider Buying and Selling

In related news, COO Jim Rozakis sold 2,000 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the transaction, the chief operating officer now directly owns 256,528 shares in the company, valued at approximately $48,835,235.36. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the transaction, the director now owns 27,029 shares in the company, valued at $5,647,979.84. The trade was a 23.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by company insiders.

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.