2 weeks Ago By ABMN Staff
Envestnet Portfolio Solutions Inc. lifted its position in shares of UniFirst Co. ( NYSE:UNF – Free Report ) by 8.
9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,206 shares of the textile maker’s stock after purchasing an additional 261 shares during the quarter. Envestnet Portfolio Solutions Inc.
’s holdings in UniFirst were worth $549,000 as of its most recent SEC filing. Other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its holdings in UniFirst by 464.
6% in the 3rd quarter. Barclays PLC now owns 41,220 shares of the textile maker’s stock worth $8,188,000 after purchasing an additional 33,919 shares during the period. Salem Investment Counselors Inc.
raised its stake in shares of UniFirst by 24.7% during the 4th quarter. Salem Investment Counselors Inc.
now owns 11,519 shares of the textile maker’s stock worth $1,974,000 after buying an additional 2,281 shares during the period. Assenagon Asset Management S.A.
purchased a new position in shares of UniFirst during the 4th quarter valued at approximately $255,000. Copeland Capital Management LLC grew its stake in UniFirst by 9.9% in the 4th quarter.
Copeland Capital Management LLC now owns 365,047 shares of the textile maker’s stock valued at $62,456,000 after acquiring an additional 32,860 shares during the period. Finally, KBC Group NV increased its holdings in UniFirst by 74.1% in the 4th quarter.
KBC Group NV now owns 740 shares of the textile maker’s stock worth $127,000 after acquiring an additional 315 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.
Insider Activity In related news, VP David Martin Katz sold 1,299 shares of UniFirst stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $210.95, for a total transaction of $274,024.
05. Following the transaction, the vice president now owns 6,455 shares in the company, valued at approximately $1,361,682.25.
This trade represents a 16.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link .
Company insiders own 0.86% of the company’s stock. UniFirst Stock Performance UniFirst ( NYSE:UNF – Get Free Report ) last issued its earnings results on Wednesday, January 8th.
The textile maker reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.
09. The business had revenue of $604.91 million during the quarter, compared to analysts’ expectations of $606.
60 million. UniFirst had a net margin of 6.00% and a return on equity of 7.
40%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year.
During the same period in the prior year, the business earned $2.26 earnings per share. As a group, sell-side analysts predict that UniFirst Co.
will post 7.71 EPS for the current fiscal year. UniFirst Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th.
Stockholders of record on Friday, March 7th will be issued a dividend of $0.35 per share. This represents a $1.
40 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, March 7th.
UniFirst’s dividend payout ratio is currently 17.90%. Wall Street Analyst Weigh In Several equities analysts have issued reports on the stock.
StockNews.com downgraded shares of UniFirst from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. UBS Group decreased their price target on shares of UniFirst from $235.
00 to $194.00 and set a “neutral” rating on the stock in a research note on Tuesday. Get Our Latest Stock Analysis on UniFirst About UniFirst ( 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.
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