Arizona State Retirement System boosted its stake in shares of UniFirst Corp (NYSE:UNF) by 226.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,984 shares of the textile maker’s stock after buying an additional 18,027 shares during the quarter. Arizona State Retirement System’s holdings in UniFirst were worth $4,285,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Strs Ohio grew its position in UniFirst by 100.0% during the fourth quarter. Strs Ohio now owns 800 shares of the textile maker’s stock valued at $131,000 after buying an additional 400 shares during the period. Rhumbline Advisers grew its position in UniFirst by 1.3% during the third quarter. Rhumbline Advisers now owns 34,040 shares of the textile maker’s stock valued at $5,157,000 after buying an additional 432 shares during the period. First Trust Advisors LP grew its position in UniFirst by 4.2% during the fourth quarter. First Trust Advisors LP now owns 11,570 shares of the textile maker’s stock valued at $1,908,000 after buying an additional 468 shares during the period. American Century Companies Inc. grew its position in UniFirst by 1.7% during the third quarter. American Century Companies Inc. now owns 29,390 shares of the textile maker’s stock valued at $4,453,000 after buying an additional 500 shares during the period. Finally, Louisiana State Employees Retirement System grew its position in UniFirst by 8.1% during the fourth quarter. Louisiana State Employees Retirement System now owns 6,700 shares of the textile maker’s stock valued at $1,105,000 after buying an additional 500 shares during the period. Institutional investors own 71.97% of the company’s stock.
In other UniFirst news, VP David A. Difillippo sold 1,266 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $158.95, for a total transaction of $201,230.70. Following the sale, the vice president now directly owns 7,067 shares of the company’s stock, valued at $1,123,299.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP David Martin Katz sold 1,003 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $155.05, for a total transaction of $155,515.15. Following the sale, 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. Over the last ninety days, insiders have sold 5,991 shares of company stock worth $984,799. Insiders own 1.00% of the company’s stock.
Shares of UniFirst Corp (UNF) opened at $157.40 on Wednesday. The company has a market cap of $3,224.94, a PE ratio of 42.31, a price-to-earnings-growth ratio of 2.94 and a beta of 0.64. UniFirst Corp has a fifty-two week low of $130.25 and a fifty-two week high of $176.15.
UniFirst (NYSE:UNF) last released its quarterly earnings data 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. The business had revenue of $415.80 million for the quarter, compared to the consensus estimate of $404.60 million. UniFirst had a net margin of 4.69% and a return on equity of 7.72%. 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 earnings per share. analysts predict that UniFirst Corp will post 5.41 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend is Thursday, March 8th. UniFirst’s dividend payout ratio (DPR) is presently 4.03%.
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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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