TimesSquare Capital Management LLC lessened its holdings in shares of UniFirst Corp (NYSE:UNF) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,160 shares of the textile maker’s stock after selling 27,450 shares during the quarter. TimesSquare Capital Management LLC’s holdings in UniFirst were worth $41,416,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in UNF. Crossmark Global Holdings Inc. purchased a new position in UniFirst during the 3rd quarter valued at about $518,000. American Century Companies Inc. grew its stake in UniFirst by 1.7% during the 3rd quarter. American Century Companies Inc. now owns 29,390 shares of the textile maker’s stock valued at $4,453,000 after acquiring an additional 500 shares in the last quarter. Prudential Financial Inc. grew its stake in UniFirst by 2.7% during the 3rd quarter. Prudential Financial Inc. now owns 27,328 shares of the textile maker’s stock valued at $4,140,000 after acquiring an additional 710 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in UniFirst by 40.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,104 shares of the textile maker’s stock valued at $1,228,000 after acquiring an additional 2,326 shares in the last quarter. Finally, Sei Investments Co. grew its stake in UniFirst by 26,600.0% during the 3rd quarter. Sei Investments Co. now owns 1,068 shares of the textile maker’s stock valued at $162,000 after acquiring an additional 1,064 shares in the last quarter. 72.57% of the stock is currently owned by institutional investors.
In related news, VP David A. Difillippo sold 1,266 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $158.95, for a total value of $201,230.70. Following the completion of the sale, the vice president now directly owns 7,067 shares in the company, valued at approximately $1,123,299.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David Martin Katz sold 1,060 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $168.15, for a total value of $178,239.00. Following the completion of the sale, the vice president now owns 2,667 shares of the company’s stock, valued at $448,456.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,122 shares of company stock valued at $1,005,136. 1.00% of the stock is owned by corporate insiders.
UniFirst (NYSE:UNF) last announced its quarterly earnings results on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.19. The business had revenue of $415.80 million during the quarter, compared to analyst estimates of $404.60 million. UniFirst had a return on equity of 7.72% and a net margin of 4.69%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.38 EPS. equities research analysts expect 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 dividend payout ratio is 4.03%.
Several research firms have weighed in on UNF. ValuEngine raised UniFirst from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered UniFirst from a “buy” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. UniFirst currently has an average rating of “Hold” and a consensus price target of $180.00.
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UniFirst Company Profile
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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