Macquarie Group Ltd. lowered its stake in UniFirst Corp (NYSE:UNF) by 0.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 293,319 shares of the textile maker’s stock after selling 1,298 shares during the period. Macquarie Group Ltd. owned 1.45% of UniFirst worth $48,368,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in UNF. Deutsche Bank AG lifted its position in UniFirst by 401.0% in the 4th quarter. Deutsche Bank AG now owns 102,784 shares of the textile maker’s stock valued at $16,947,000 after acquiring an additional 82,269 shares in the last quarter. WCM Investment Management CA lifted its position in UniFirst by 466.1% in the 4th quarter. WCM Investment Management CA now owns 83,449 shares of the textile maker’s stock valued at $13,761,000 after acquiring an additional 68,707 shares in the last quarter. BlackRock Inc. lifted its position in UniFirst by 3.2% in the 4th quarter. BlackRock Inc. now owns 1,948,654 shares of the textile maker’s stock valued at $321,334,000 after acquiring an additional 60,478 shares in the last quarter. Janus Henderson Group PLC lifted its position in UniFirst by 5.6% in the 3rd quarter. Janus Henderson Group PLC now owns 909,126 shares of the textile maker’s stock valued at $137,733,000 after acquiring an additional 48,162 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in UniFirst by 55.1% in the 4th quarter. Renaissance Technologies LLC now owns 107,800 shares of the textile maker’s stock valued at $17,776,000 after acquiring an additional 38,300 shares in the last quarter. 73.95% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut UniFirst from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. ValuEngine raised UniFirst from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. UniFirst presently has a consensus rating of “Hold” and an average price target of $180.00.
UniFirst stock opened at $158.05 on Monday. The firm has a market capitalization of $3,206.68, a price-to-earnings ratio of 42.49, a PEG ratio of 2.92 and a beta of 0.68. UniFirst Corp has a twelve month low of $133.00 and a twelve month high of $176.15.
UniFirst (NYSE:UNF) last released its quarterly earnings results on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.19. The firm had revenue of $415.80 million for the quarter, compared to analysts’ expectations of $404.60 million. UniFirst had a return on equity of 7.72% and a net margin of 4.69%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.38 EPS. equities analysts anticipate that UniFirst Corp will post 5.41 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be issued a dividend of $0.0375 per share. The ex-dividend date is Thursday, March 8th. This represents a $0.15 annualized dividend and a dividend yield of 0.09%. UniFirst’s payout ratio is 4.03%.
In other news, VP David A. Difillippo sold 1,266 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $158.95, for a total transaction of $201,230.70. Following the transaction, the vice president now directly owns 7,067 shares of the company’s stock, valued at approximately $1,123,299.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP David Martin Katz sold 1,003 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $155.05, for a total value of $155,515.15. Following the transaction, the vice president now directly owns 3,710 shares in the company, valued at $575,235.50. The disclosure for this sale can be found here. Insiders have sold a total of 3,846 shares of company stock worth $621,406 over the last three months. Insiders own 1.00% of the company’s stock.
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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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