Trustmark Bank Trust Department Increases Stock Position in Cintas Corporation $CTAS

Trustmark Bank Trust Department lifted its holdings in Cintas Corporation (NASDAQ:CTAS) by 7.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,209 shares of the business services provider’s stock after buying 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 SEC filing.

Other institutional investors also recently modified their holdings of the company. BLI Banque de Luxembourg Investments bought a new stake in Cintas during the second quarter worth about $3,686,000. Lido Advisors LLC lifted its holdings in shares of Cintas by 13.7% during the second quarter. Lido Advisors LLC now owns 23,060 shares of the business services provider’s stock valued at $5,140,000 after purchasing an additional 2,783 shares during the last quarter. West Family Investments Inc. boosted its position in shares of Cintas by 14.6% in the 2nd quarter. West Family Investments Inc. now owns 1,449 shares of the business services provider’s stock worth $323,000 after purchasing an additional 185 shares in the last quarter. Williamson Legacy Group LLC boosted its position in shares of Cintas by 5.8% in the 2nd quarter. Williamson Legacy Group LLC now owns 5,415 shares of the business services provider’s stock worth $1,207,000 after purchasing an additional 298 shares in the last quarter. Finally, Wealthquest Corp grew its stake in shares of Cintas by 0.8% in the 2nd quarter. Wealthquest Corp now owns 14,736 shares of the business services provider’s stock worth $3,284,000 after buying an additional 118 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Performance

Shares of CTAS stock opened at $186.10 on Friday. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average price of $190.60 and a 200-day moving average price of $208.24. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. The firm has a market capitalization of $74.79 billion, a PE ratio of 42.20, a P/E/G ratio of 3.18 and a beta of 0.99.

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

Cintas announced that its board 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 reacquire up to 1.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Cintas Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CTAS. JPMorgan Chase & Co. lowered their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Citigroup lifted their price target on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research report on Friday, September 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a research report on Tuesday. Redburn Partners set a $184.00 target price on shares of Cintas in a report on Tuesday, November 11th. Finally, Sanford C. Bernstein began coverage on shares of Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $212.71.

Cintas 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.