Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in UniFirst Corp (NYSE:UNF) by 12.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,683 shares of the textile maker’s stock after purchasing an additional 421 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in UniFirst were worth $640,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of UniFirst by 6.6% in the second quarter. BlackRock Inc. now owns 2,111,515 shares of the textile maker’s stock valued at $373,529,000 after acquiring an additional 131,353 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of UniFirst by 0.8% in the second quarter. Northern Trust Corp now owns 318,869 shares of the textile maker’s stock valued at $56,407,000 after acquiring an additional 2,453 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of UniFirst by 7.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 119,025 shares of the textile maker’s stock valued at $21,056,000 after acquiring an additional 8,254 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of UniFirst by 3.5% in the third quarter. Wells Fargo & Company MN now owns 106,124 shares of the textile maker’s stock valued at $18,428,000 after acquiring an additional 3,578 shares in the last quarter. Finally, WCM Investment Management CA boosted its holdings in shares of UniFirst by 26.2% in the third quarter. WCM Investment Management CA now owns 71,179 shares of the textile maker’s stock valued at $12,360,000 after acquiring an additional 14,783 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.
In other UniFirst news, major shareholder The Ronald D. Croatti Trust – 1 sold 2,200 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $149.57, for a total value of $329,054.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 6,600 shares of company stock valued at $1,067,110. Insiders own 1.00% of the company’s stock.
UniFirst stock opened at $145.34 on Friday. UniFirst Corp has a 52 week low of $140.87 and a 52 week high of $193.05. The company has a market capitalization of $2.80 billion, a P/E ratio of 19.26 and a beta of 0.77.
UniFirst (NYSE:UNF) last posted its quarterly earnings data on Wednesday, October 17th. The textile maker reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.42. UniFirst had a net margin of 9.33% and a return on equity of 8.54%. The firm had revenue of $434.10 million during the quarter, compared to analyst estimates of $421.45 million. During the same quarter last year, the business posted $1.44 EPS. The company’s revenue was up 7.6% on a year-over-year basis. Analysts forecast that UniFirst Corp will post 7.01 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Friday, December 7th will be paid a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Thursday, December 6th. UniFirst’s dividend payout ratio is 6.04%.
A number of analysts recently weighed in on UNF shares. Robert W. Baird set a $170.00 target price on shares of UniFirst and gave the stock a “buy” rating in a report on Thursday, October 18th. ValuEngine cut shares of UniFirst from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Finally, Zacks Investment Research cut shares of UniFirst from a “buy” rating to a “hold” rating in a report on Thursday, August 30th.
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UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Canada, and Europe. It operates through US Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. 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, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.
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