UniFirst Corp (UNF) Shares Bought by California Public Employees Retirement System
California Public Employees Retirement System grew its stake in UniFirst Corp (NYSE:UNF) by 10.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,148 shares of the textile maker’s stock after purchasing an additional 1,948 shares during the period. California Public Employees Retirement System’s holdings in UniFirst were worth $3,204,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of UNF. Riverhead Capital Management LLC boosted its position in UniFirst by 83.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,099 shares of the textile maker’s stock worth $155,000 after buying an additional 499 shares during the period. Sei Investments Co. boosted its position in UniFirst by 26,600.0% during the 3rd quarter. Sei Investments Co. now owns 1,068 shares of the textile maker’s stock worth $162,000 after buying an additional 1,064 shares during the period. Shelton Capital Management acquired a new stake in UniFirst during the 2nd quarter worth approximately $216,000. Amalgamated Bank boosted its position in UniFirst by 2.0% during the 2nd quarter. Amalgamated Bank now owns 2,086 shares of the textile maker’s stock worth $294,000 after buying an additional 40 shares during the period. Finally, Eaton Vance Management acquired a new stake in UniFirst during the 2nd quarter worth approximately $300,000. Institutional investors own 74.07% of the company’s stock.
Several equities research analysts recently commented on UNF shares. Zacks Investment Research upgraded shares of UniFirst from a “hold” rating to a “buy” rating and set a $189.00 target price on the stock in a research report on Tuesday, December 26th. Northcoast Research reiterated a “neutral” rating on shares of UniFirst in a research report on Thursday, October 19th. Finally, Robert W. Baird lifted their target price on shares of UniFirst from $163.00 to $171.00 and gave the stock an “outperform” rating in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $180.00.
UniFirst (NYSE:UNF) last released its quarterly earnings results on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.19. UniFirst had a net margin of 4.69% and a return on equity of 7.72%. The firm had revenue of $415.80 million during the quarter, compared to analyst estimates of $404.60 million. During the same quarter last year, the business earned $1.38 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. equities research analysts expect that UniFirst Corp will post 5.41 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.15 annualized dividend and a yield of 0.09%. UniFirst’s payout ratio is 4.03%.
In other UniFirst news, VP Michael A. Croatti sold 1,216 shares of the firm’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 transaction of $205,491.84. Following the completion of the transaction, the vice president now owns 3,375 shares in the company, valued at approximately $570,341.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David Martin Katz sold 1,060 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $168.15, for a total transaction of $178,239.00. Following the transaction, the vice president now owns 2,667 shares of the company’s stock, valued at approximately $448,456.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,401 shares of company stock valued at $405,193. Company insiders own 1.00% of the company’s stock.
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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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