Unifirst Corporation (UNF) Shares Bought by Riverhead Capital Management LLC
Riverhead Capital Management LLC raised its position in Unifirst Corporation (NYSE:UNF) by 83.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,099 shares of the textile maker’s stock after buying an additional 499 shares during the period. Riverhead Capital Management LLC’s holdings in Unifirst Corporation were worth $155,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of UNF. Trust Co. of Vermont purchased a new stake in Unifirst Corporation during the 2nd quarter worth approximately $149,000. Huntington National Bank raised its holdings in shares of Unifirst Corporation by 6.4% during the second quarter. Huntington National Bank now owns 1,285 shares of the textile maker’s stock valued at $181,000 after acquiring an additional 77 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Unifirst Corporation during the first quarter valued at approximately $185,000. Citadel Advisors LLC acquired a new position in shares of Unifirst Corporation during the first quarter valued at approximately $213,000. Finally, KCG Holdings Inc. acquired a new position in shares of Unifirst Corporation during the first quarter valued at approximately $235,000. Institutional investors own 73.47% of the company’s stock.
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Several equities analysts have recently weighed in on UNF shares. Zacks Investment Research upgraded Unifirst Corporation from a “hold” rating to a “buy” rating and set a $159.00 target price on the stock in a research report on Tuesday, September 12th. BidaskClub cut Unifirst Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Robert W. Baird upgraded Unifirst Corporation from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $145.00 to $163.00 in a research report on Thursday, June 29th.
Shares of Unifirst Corporation (UNF) opened at 153.90 on Tuesday. Unifirst Corporation has a 12-month low of $116.67 and a 12-month high of $154.20. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 28.36 and a beta of 0.70. The stock’s 50 day moving average is $142.95 and its 200-day moving average is $140.26.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. Unifirst Corporation’s payout ratio is 2.77%.
Unifirst Corporation 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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