Natixis Advisors LLC Has $23.96 Million Position in UniFirst Corporation $UNF

Natixis Advisors LLC trimmed its position in UniFirst Corporation (NYSE:UNF) by 10.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,303 shares of the textile maker’s stock after selling 17,098 shares during the period. Natixis Advisors LLC owned approximately 0.77% of UniFirst worth $23,959,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC increased its stake in UniFirst by 5.5% in the third quarter. Global Retirement Partners LLC now owns 1,204 shares of the textile maker’s stock valued at $201,000 after purchasing an additional 63 shares in the last quarter. Amalgamated Bank boosted its position in shares of UniFirst by 1.7% during the third quarter. Amalgamated Bank now owns 4,359 shares of the textile maker’s stock worth $729,000 after purchasing an additional 74 shares in the last quarter. American Century Companies Inc. boosted its position in shares of UniFirst by 2.0% during the second quarter. American Century Companies Inc. now owns 4,027 shares of the textile maker’s stock worth $758,000 after purchasing an additional 78 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of UniFirst by 285.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 135 shares of the textile maker’s stock valued at $25,000 after buying an additional 100 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of UniFirst by 75.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 268 shares of the textile maker’s stock valued at $45,000 after buying an additional 115 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

UniFirst Trading Down 1.6%

Shares of NYSE UNF opened at $258.50 on Wednesday. The company has a fifty day moving average price of $219.17 and a 200 day moving average price of $187.40. The firm has a market cap of $4.67 billion, a PE ratio of 34.19 and a beta of 0.69. UniFirst Corporation has a 1-year low of $147.66 and a 1-year high of $271.35.

UniFirst (NYSE:UNF) last issued its quarterly earnings results on Wednesday, January 7th. The textile maker reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.16). The firm had revenue of $621.32 million during the quarter, compared to the consensus estimate of $615.23 million. UniFirst had a net margin of 5.70% and a return on equity of 6.68%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.31 earnings per share. UniFirst has set its FY 2026 guidance at 6.580-6.980 EPS. Equities research analysts forecast that UniFirst Corporation will post 7.71 EPS for the current year.

UniFirst Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a $0.365 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.46 annualized dividend and a yield of 0.6%. UniFirst’s payout ratio is presently 19.31%.

Wall Street Analyst Weigh In

UNF has been the topic of several research analyst reports. Zacks Research raised UniFirst from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of UniFirst in a report on Wednesday, January 21st. Barclays raised UniFirst from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $145.00 to $250.00 in a research report on Friday, March 6th. Robert W. Baird set a $198.00 price objective on UniFirst in a report on Thursday, January 8th. Finally, UBS Group boosted their price objective on UniFirst from $182.00 to $206.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $207.25.

Insiders Place Their Bets

In other UniFirst news, VP David Martin Katz sold 1,464 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $237.54, for a total transaction of $347,758.56. Following the completion of the transaction, the vice president owned 6,461 shares of the company’s stock, valued at $1,534,745.94. This represents a 18.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.86% of the stock is currently owned by company insiders.

About UniFirst

UniFirst Corporation (NYSE: UNF) is a leading provider of customized uniform rental and facility service programs in North America and Europe. The company specializes in the rental, laundering and maintenance of workwear, corporate apparel and protective garments for a broad range of industries, including manufacturing, automotive, hospitality, healthcare and food processing. UniFirst also offers a suite of facility service products such as entrance mats, restroom supplies, wipers, mops and hygienic services designed to help customers maintain clean and safe environments.

In addition to its core uniform rental business, UniFirst has expanded its product portfolio to include safety and first-responder gear, flame-resistant clothing, high-visibility apparel and personal protective equipment (PPE).