Rhumbline Advisers boosted its stake in shares of UniFirst Corp (NYSE:UNF) by 14.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,893 shares of the textile maker’s stock after acquiring an additional 4,853 shares during the quarter. Rhumbline Advisers owned 0.19% of UniFirst worth $6,413,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Janus Henderson Group PLC increased its position in shares of UniFirst by 5.6% in the third quarter. Janus Henderson Group PLC now owns 909,126 shares of the textile maker’s stock valued at $137,733,000 after buying an additional 48,162 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of UniFirst by 23.1% during the third quarter. Russell Investments Group Ltd. now owns 197,868 shares of the textile maker’s stock worth $29,971,000 after purchasing an additional 37,150 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of UniFirst by 1.5% during the third quarter. Ameriprise Financial Inc. now owns 161,307 shares of the textile maker’s stock worth $24,436,000 after purchasing an additional 2,309 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of UniFirst by 13.0% during the fourth quarter. Wells Fargo & Company MN now owns 116,508 shares of the textile maker’s stock worth $19,212,000 after purchasing an additional 13,379 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in UniFirst by 5.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 105,693 shares of the textile maker’s stock worth $17,429,000 after buying an additional 5,710 shares during the last quarter. Institutional investors own 73.95% of the company’s stock.
In other UniFirst news, VP Michael A. Croatti sold 1,216 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $168.99, for a total transaction of $205,491.84. Following the sale, the vice president now owns 3,375 shares in the company, valued at approximately $570,341.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Michael A. Croatti sold 1,202 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $170.26, for a total value of $204,652.52. Following the sale, the vice president now owns 4,420 shares in the company, valued at approximately $752,549.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,122 shares of company stock worth $1,005,136. 1.00% of the stock is owned by corporate insiders.
A number of equities analysts have weighed in on the company. ValuEngine raised UniFirst from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered UniFirst from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. UniFirst presently has an average rating of “Hold” and a consensus target price of $180.00.
Shares of UniFirst Corp (NYSE UNF) traded down $1.75 during trading on Wednesday, hitting $159.40. The stock had a trading volume of 33,908 shares, compared to its average volume of 54,452. UniFirst Corp has a twelve month low of $131.20 and a twelve month high of $176.15. The firm has a market cap of $3,230.00, a price-to-earnings ratio of 42.62, a PEG ratio of 3.00 and a beta of 0.68.
UniFirst (NYSE:UNF) last announced its quarterly earnings results on Wednesday, January 3rd. The textile maker reported $1.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.19. UniFirst had a return on equity of 7.72% and a net margin of 4.69%. The business had revenue of $415.80 million for the quarter, compared to analyst estimates of $404.60 million. During the same quarter in the prior year, the company posted $1.38 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. research analysts forecast that UniFirst Corp will post 5.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend is Thursday, March 8th. UniFirst’s payout ratio is 4.01%.
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UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments.
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