Trustmark Bank Trust Department Acquires 1,733 Shares of Cintas Corporation $CTAS

Trustmark Bank Trust Department raised its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 7.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,209 shares of the business services provider’s stock after acquiring an additional 1,733 shares during the quarter. Trustmark Bank Trust Department’s holdings in Cintas were worth $5,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CTAS. Vanguard Group Inc. raised its holdings in Cintas by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock worth $8,554,672,000 after purchasing an additional 524,829 shares during the period. Geode Capital Management LLC increased its position in Cintas by 3.5% in the second quarter. Geode Capital Management LLC now owns 9,192,013 shares of the business services provider’s stock worth $2,049,017,000 after buying an additional 314,860 shares in the last quarter. Nuveen LLC purchased a new stake in Cintas in the first quarter worth about $1,877,760,000. Norges Bank bought a new position in shares of Cintas in the second quarter worth about $925,531,000. Finally, Northern Trust Corp lifted its position in shares of Cintas by 0.7% during the 1st quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider’s stock valued at $841,749,000 after buying an additional 28,469 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CTAS. Citigroup increased their target price on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. JPMorgan Chase & Co. dropped their price target on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a research report on Tuesday. Royal Bank Of Canada lowered their target price on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 25th. Finally, Sanford C. Bernstein assumed coverage on Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $212.71.

Cintas Price Performance

CTAS stock opened at $186.10 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. The company’s fifty day moving average price is $190.60 and its 200-day moving average price is $208.24. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24. The company has a market capitalization of $74.79 billion, a PE ratio of 42.20, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. Cintas’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, equities analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas declared that its Board of Directors has approved a share repurchase plan on Tuesday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, November 14th. Cintas’s payout ratio is 40.82%.

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.