Ameritas Investment Partners Inc. bought a new stake in Unifirst Corporation (NYSE:UNF) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,305 shares of the textile maker’s stock, valued at approximately $185,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Great Lakes Advisors LLC raised its position in shares of Unifirst Corporation by 173.6% in the first quarter. Great Lakes Advisors LLC now owns 65,519 shares of the textile maker’s stock valued at $9,268,000 after buying an additional 41,572 shares during the period. Keybank National Association OH raised its position in shares of Unifirst Corporation by 1.4% in the first quarter. Keybank National Association OH now owns 14,400 shares of the textile maker’s stock valued at $2,037,000 after buying an additional 200 shares during the period. State of Tennessee Treasury Department raised its position in shares of Unifirst Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 14,353 shares of the textile maker’s stock valued at $2,030,000 after buying an additional 2,166 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Unifirst Corporation by 8.5% in the first quarter. Parametric Portfolio Associates LLC now owns 26,360 shares of the textile maker’s stock valued at $3,729,000 after buying an additional 2,060 shares during the period. Finally, Eagle Asset Management Inc. raised its position in shares of Unifirst Corporation by 70.0% in the first quarter. Eagle Asset Management Inc. now owns 20,569 shares of the textile maker’s stock valued at $2,909,000 after buying an additional 8,469 shares during the period. 74.80% of the stock is currently owned by institutional investors and hedge funds.
Unifirst Corporation (NYSE UNF) opened at 141.20 on Monday. Unifirst Corporation has a 52-week low of $104.86 and a 52-week high of $147.65. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 24.68 and a beta of 0.75. The firm has a 50-day moving average price of $139.89 and a 200 day moving average price of $136.93.
Unifirst Corporation (NYSE:UNF) last posted its quarterly earnings results on Wednesday, March 29th. The textile maker reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. Unifirst Corporation had a net margin of 7.70% and a return on equity of 7.75%. The business had revenue of $391.40 million for the quarter, compared to analysts’ expectations of $385.28 million. During the same period in the previous year, the company posted $1.16 EPS. Unifirst Corporation’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts predict that Unifirst Corporation will post $5.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 9th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Wednesday, June 7th. Unifirst Corporation’s dividend payout ratio is presently 2.60%.
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Separately, Zacks Investment Research lowered Unifirst Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st.
In related news, Director Phillip L. Cohen sold 1,500 shares of the company’s stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $137.02, for a total value of $205,530.00. Following the completion of the sale, the director now directly owns 11,551 shares in the company, valued at $1,582,718.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Cynthia Croatti sold 1,755 shares of the company’s stock in a transaction on Friday, April 28th. The stock was sold at an average price of $142.00, for a total transaction of $249,210.00. Following the completion of the sale, the vice president now owns 4,000 shares of the company’s stock, valued at $568,000. The disclosure for this sale can be found here. Insiders sold 4,963 shares of company stock valued at $683,971 over the last quarter. 6.70% of the stock is currently owned by corporate insiders.
About Unifirst Corporation
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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