2 weeks Ago By ABMN Staff
Intech Investment Management LLC acquired a new position in shares of UniFirst Co. ( NYSE:UNF – Free Report ) in the 2nd quarter, Holdings Channel.com reports.
The firm acquired 1,446 shares of the textile maker’s stock, valued at approximately $248,000. Several other hedge funds have also recently bought and sold shares of the stock. Arizona State Retirement System lifted its position in UniFirst by 1.
9% during the second quarter. Arizona State Retirement System now owns 4,231 shares of the textile maker’s stock worth $726,000 after acquiring an additional 78 shares during the last quarter. Pullen Investment Management LLC lifted its position in UniFirst by 2.
9% during the second quarter. Pullen Investment Management LLC now owns 2,806 shares of the textile maker’s stock worth $481,000 after acquiring an additional 79 shares during the last quarter. Oak Family Advisors LLC lifted its position in UniFirst by 3.
3% during the second quarter. Oak Family Advisors LLC now owns 2,915 shares of the textile maker’s stock worth $500,000 after acquiring an additional 93 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in UniFirst by 1.
3% during the second quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the textile maker’s stock worth $1,304,000 after acquiring an additional 100 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc.
lifted its position in UniFirst by 4.8% during the first quarter. Envestnet Portfolio Solutions Inc.
now owns 2,211 shares of the textile maker’s stock worth $383,000 after acquiring an additional 102 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades UNF has been the topic of several recent research reports. Robert W. Baird raised their target price on shares of UniFirst from $185.
00 to $199.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th. JPMorgan Chase & Co.
raised their target price on shares of UniFirst from $170.00 to $175.00 and gave the stock an “underweight” rating in a report on Thursday, June 27th.
UBS Group raised their target price on shares of UniFirst from $186.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th.
Finally, StockNews.com raised shares of UniFirst from a “hold” rating to a “buy” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock.
According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $186.00.
Insider Activity at UniFirst In related news, Director Michael Iandoli sold 682 shares of UniFirst stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $194.30, for a total value of $132,512.
60. Following the transaction, the director now directly owns 4,744 shares of the company’s stock, valued at $921,759.20.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . In other UniFirst news, Director Michael Iandoli sold 682 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $194.
30, for a total transaction of $132,512.60. Following the sale, the director now owns 4,744 shares of the company’s stock, valued at $921,759.
20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . Also, EVP William Masters Ross sold 225 shares of the business’s stock in a transaction on Wednesday, July 17th.
The stock was sold at an average price of $180.67, for a total transaction of $40,650.75.
Following the sale, the executive vice president now directly owns 4,034 shares in the company, valued at approximately $728,822.78. The disclosure for this sale can be found here .
Insiders have sold 1,457 shares of company stock valued at $269,413 over the last three months. 0.74% of the stock is owned by insiders.
UniFirst Price Performance Shares of NYSE:UNF opened at $192.39 on Friday. The company’s 50 day simple moving average is $187.
15 and its 200 day simple moving average is $172.36. The stock has a market capitalization of $3.
59 billion, a price-to-earnings ratio of 28.09 and a beta of 0.81.
UniFirst Co. has a 1 year low of $149.58 and a 1 year high of $197.
88. UniFirst ( NYSE:UNF – Get Free Report ) last announced its quarterly earnings data on Wednesday, June 26th. The textile maker reported $2.
19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.31.
The business had revenue of $603.33 million for the quarter, compared to analysts’ expectations of $600.97 million.
UniFirst had a net margin of 5.44% and a return on equity of 6.93%.
As a group, analysts anticipate that UniFirst Co. will post 7.83 EPS for the current fiscal year.
UniFirst Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a $0.33 dividend.
The ex-dividend date was Friday, September 6th. This represents a $1.32 dividend on an annualized basis and a yield of 0.
69%. UniFirst’s dividend payout ratio (DPR) is 19.27%.
UniFirst Company Profile ( Free Report ) UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S.
and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments. Recommended Stories Want to see what other hedge funds are holding UNF? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for UniFirst Co. ( NYSE:UNF – Free Report ). Receive News & Ratings for UniFirst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UniFirst and related companies with MarketBeat.
com's FREE daily email newsletter ..
