UBS Group AG Raises Stake in Unifirst Corporation (UNF)

UBS Group AG increased its position in Unifirst Corporation (NYSE:UNF) by 8.2% during the third quarter, Holdings Channel reports. The firm owned 32,492 shares of the company’s stock after buying an additional 2,455 shares during the period. UBS Group AG owned about 0.16% of Unifirst Corporation worth $4,284,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UNF. BlackRock Fund Advisors raised its position in Unifirst Corporation by 9.0% in the third quarter. BlackRock Fund Advisors now owns 1,083,749 shares of the company’s stock worth $142,903,000 after buying an additional 89,526 shares in the last quarter. Echo Street Capital Management LLC acquired a new position in Unifirst Corporation during the third quarter worth $9,492,000. Neuberger Berman Group LLC raised its position in Unifirst Corporation by 15.8% in the third quarter. Neuberger Berman Group LLC now owns 513,654 shares of the company’s stock worth $67,730,000 after buying an additional 70,180 shares in the last quarter. New York State Common Retirement Fund raised its position in Unifirst Corporation by 330.0% in the third quarter. New York State Common Retirement Fund now owns 62,785 shares of the company’s stock worth $8,279,000 after buying an additional 48,185 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in Unifirst Corporation during the second quarter worth $4,149,000. 76.39% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Unifirst Corporation (NYSE:UNF)

Unifirst Corporation (NYSE:UNF) traded up 1.21% on Friday, hitting $129.30. 54,328 shares of the stock were exchanged. The firm has a market cap of $2.62 billion, a P/E ratio of 22.37 and a beta of 0.76. The company has a 50-day moving average of $132.65 and a 200 day moving average of $131.16. Unifirst Corporation has a 12 month low of $98.69 and a 12 month high of $147.65.

Unifirst Corporation (NYSE:UNF) last issued its quarterly earnings data on Wednesday, January 4th. The company reported $1.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.58 by $0.20. The company had revenue of $386.10 million for the quarter, compared to the consensus estimate of $393.08 million. Unifirst Corporation had a net margin of 7.92% and a return on equity of 7.99%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $1.78 EPS. Equities research analysts expect that Unifirst Corporation will post $4.94 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. Unifirst Corporation’s dividend payout ratio (DPR) is 2.60%.

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A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Unifirst Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, December 28th. William Blair reiterated a “market perform” rating on shares of Unifirst Corporation in a research note on Tuesday, January 17th.

In related news, VP David Martin Katz sold 1,089 shares of the stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $129.39, for a total transaction of $140,905.71. Following the transaction, the vice president now owns 2,667 shares in the company, valued at $345,083.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven S. Sintros sold 1,087 shares of the stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $132.35, for a total transaction of $143,864.45. Following the transaction, the chief financial officer now owns 2,667 shares in the company, valued at approximately $352,977.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,866 shares of company stock worth $782,985. 6.70% of the stock is owned by insiders.

Unifirst Corporation 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.

5 Day Chart for NYSE:UNF

Want to see what other hedge funds are holding UNF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unifirst Corporation (NYSE:UNF).

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