Robecosam AG bought a new position in shares of UniFirst Corp (NYSE:UNF) during the fourth quarter, HoldingsChannel reports. The firm bought 872 shares of the textile maker’s stock, valued at approximately $144,000.
Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of UniFirst by 3.2% during the fourth quarter. BlackRock Inc. now owns 1,948,654 shares of the textile maker’s stock worth $321,334,000 after purchasing an additional 60,478 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of UniFirst by 5.6% during the third quarter. Janus Henderson Group PLC now owns 909,126 shares of the textile maker’s stock worth $137,733,000 after buying an additional 48,162 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of UniFirst by 23.1% during the third quarter. Russell Investments Group Ltd. now owns 197,868 shares of the textile maker’s stock worth $29,971,000 after buying an additional 37,150 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of UniFirst by 1.5% during the third quarter. Ameriprise Financial Inc. now owns 161,307 shares of the textile maker’s stock worth $24,436,000 after buying an additional 2,309 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of UniFirst by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 132,313 shares of the textile maker’s stock worth $21,818,000 after buying an additional 2,579 shares during the last quarter. Institutional investors own 73.95% of the company’s stock.
In other UniFirst news, VP Michael A. Croatti sold 1,216 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $168.99, for a total value of $205,491.84. Following the completion of the sale, the vice president now owns 3,375 shares of the company’s stock, valued at $570,341.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David Martin Katz sold 1,003 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $155.05, for a total transaction of $155,515.15. Following the completion of the sale, the vice president now directly owns 3,710 shares of the company’s stock, valued at approximately $575,235.50. The disclosure for this sale can be found here. Insiders sold 6,122 shares of company stock valued at $1,005,136 in the last ninety days. Insiders own 1.00% of the company’s stock.
UniFirst (NYSE:UNF) last posted its quarterly earnings results on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.19. The business had revenue of $415.80 million during 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%. UniFirst’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.38 earnings per share. equities analysts anticipate that UniFirst Corp will post 5.41 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.09%. The ex-dividend date is Thursday, March 8th. UniFirst’s payout ratio is presently 4.03%.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of UniFirst from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. ValuEngine raised shares of UniFirst from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock 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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