Strs Ohio Lowers Position in UniFirst Co. (NYSE:UNF)

Strs Ohio decreased its position in shares of UniFirst Co. (NYSE:UNFGet Rating) by 2.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,600 shares of the textile maker’s stock after selling 200 shares during the period. Strs Ohio’s holdings in UniFirst were worth $1,110,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Maryland State Retirement & Pension System raised its position in UniFirst by 0.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 6,152 shares of the textile maker’s stock valued at $1,059,000 after purchasing an additional 54 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of UniFirst by 4.7% in the 2nd quarter. Private Advisor Group LLC now owns 1,472 shares of the textile maker’s stock valued at $253,000 after purchasing an additional 66 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of UniFirst by 5.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,202 shares of the textile maker’s stock valued at $207,000 after buying an additional 67 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of UniFirst by 2.3% in the 2nd quarter. Exchange Traded Concepts LLC now owns 3,331 shares of the textile maker’s stock valued at $574,000 after buying an additional 76 shares during the period. Finally, Godshalk Welsh Capital Management Inc. raised its holdings in UniFirst by 2.8% during the second quarter. Godshalk Welsh Capital Management Inc. now owns 3,725 shares of the textile maker’s stock worth $641,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

Insider Activity

In other news, EVP William Masters Ross sold 1,231 shares of the stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $200.00, for a total value of $246,200.00. Following the completion of the sale, the executive vice president now owns 4,335 shares in the company, valued at $867,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other UniFirst news, EVP William Masters Ross sold 1,231 shares of the stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $200.00, for a total transaction of $246,200.00. Following the transaction, the executive vice president now directly owns 4,335 shares of the company’s stock, valued at $867,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Steven S. Sintros sold 1,567 shares of the firm’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $180.00, for a total value of $282,060.00. Following the completion of the sale, the chief executive officer now directly owns 20,272 shares in the company, valued at $3,648,960. The disclosure for this sale can be found here. Insiders sold 4,209 shares of company stock worth $782,240 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

UniFirst Stock Performance

NYSE:UNF opened at $198.79 on Friday. The business’s 50-day simple moving average is $191.48 and its 200 day simple moving average is $183.41. UniFirst Co. has a one year low of $154.72 and a one year high of $204.25. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 36.14 and a beta of 0.91.

UniFirst (NYSE:UNFGet Rating) last posted its earnings results on Wednesday, October 19th. The textile maker reported $1.79 EPS for the quarter, beating the consensus estimate of $1.76 by $0.03. UniFirst had a return on equity of 6.91% and a net margin of 5.04%. The company had revenue of $516.40 million during the quarter, compared to analyst estimates of $511.58 million. During the same period in the prior year, the company earned $1.82 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that UniFirst Co. will post 7.35 EPS for the current year.

UniFirst Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 9th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.62%. UniFirst’s dividend payout ratio (DPR) is presently 22.55%.

Wall Street Analysts Forecast Growth

UNF has been the subject of several research reports. Robert W. Baird lifted their price objective on UniFirst to $225.00 in a report on Thursday, January 5th. StockNews.com raised UniFirst from a “hold” rating to a “buy” rating in a research report on Friday, January 6th.

About UniFirst

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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.

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Institutional Ownership by Quarter for UniFirst (NYSE:UNF)

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