Cintas Corporation $CTAS Shares Sold by Trustmark Bank Trust Department

Trustmark Bank Trust Department trimmed its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 27.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,003 shares of the business services provider’s stock after selling 7,171 shares during the period. Trustmark Bank Trust Department’s holdings in Cintas were worth $3,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in CTAS. Nemes Rush Group LLC purchased a new position in shares of Cintas in the 4th quarter valued at about $25,000. First United Bank & Trust purchased a new stake in Cintas during the first quarter worth approximately $25,000. Whipplewood Advisors LLC boosted its holdings in Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 137 shares in the last quarter. Swiss RE Ltd. acquired a new position in Cintas in the fourth quarter valued at approximately $25,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Cintas in the fourth quarter valued at approximately $26,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a report on Thursday, July 16th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $231.00 target price on shares of Cintas in a research report on Wednesday, July 15th. Argus upgraded shares of Cintas to a “strong-buy” rating in a research note on Friday, July 17th. Bank of America upgraded shares of Cintas from a “neutral” rating to a “buy” rating and upped their price objective for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. Finally, Truist Financial dropped their price objective on Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $212.31.

Cintas Stock Performance

Shares of Cintas stock opened at $204.18 on Friday. The firm’s fifty day simple moving average is $194.43 and its 200-day simple moving average is $185.51. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.16. The stock has a market capitalization of $81.71 billion, a price-to-earnings ratio of 54.59, a PEG ratio of 3.30 and a beta of 0.92. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the prior year, the business earned $1.09 EPS. Cintas’s quarterly revenue was up 8.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, equities analysts forecast that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a dividend of $0.52 per share. This is an increase from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. Cintas’s dividend payout ratio is 55.61%.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.