Versor Investments LP Sells 100 Shares of UniFirst Co. (NYSE:UNF)

Versor Investments LP trimmed its position in shares of UniFirst Co. (NYSE:UNFFree Report) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,520 shares of the textile maker’s stock after selling 100 shares during the quarter. Versor Investments LP’s holdings in UniFirst were worth $248,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Morgan Stanley boosted its position in shares of UniFirst by 242.5% in the 4th quarter. Morgan Stanley now owns 346,190 shares of the textile maker’s stock worth $66,811,000 after purchasing an additional 245,102 shares in the last quarter. Comerica Bank bought a new stake in shares of UniFirst in the 2nd quarter worth approximately $22,256,000. Norges Bank bought a new stake in shares of UniFirst in the 4th quarter worth approximately $27,552,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of UniFirst in the 4th quarter worth approximately $26,359,000. Finally, Victory Capital Management Inc. boosted its position in shares of UniFirst by 14.6% in the 4th quarter. Victory Capital Management Inc. now owns 484,859 shares of the textile maker’s stock worth $93,573,000 after purchasing an additional 61,624 shares in the last quarter. 76.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UNF has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on UniFirst from $150.00 to $160.00 and gave the stock an “underweight” rating in a research report on Thursday, October 19th. Barclays started coverage on shares of UniFirst in a report on Friday, October 6th. They issued an “equal weight” rating and a $160.00 price objective for the company. Robert W. Baird restated a “neutral” rating and issued a $185.00 price objective on shares of UniFirst in a report on Thursday, January 4th. Finally, StockNews.com upgraded shares of UniFirst from a “hold” rating to a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, UniFirst currently has an average rating of “Hold” and a consensus target price of $172.50.

Get Our Latest Stock Report on UNF

UniFirst Stock Down 2.7 %

Shares of UniFirst stock opened at $169.42 on Thursday. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 28.38 and a beta of 0.80. The business has a 50-day moving average price of $174.42 and a 200-day moving average price of $169.27. UniFirst Co. has a twelve month low of $150.50 and a twelve month high of $205.59.

UniFirst (NYSE:UNFGet Free Report) last released its quarterly earnings results on Wednesday, January 3rd. The textile maker reported $2.38 EPS for the quarter, topping the consensus estimate of $2.18 by $0.20. The company had revenue of $593.50 million during the quarter, compared to analyst estimates of $589.64 million. UniFirst had a return on equity of 6.01% and a net margin of 4.90%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $2.21 earnings per share. On average, equities analysts expect that UniFirst Co. will post 6.93 EPS for the current fiscal year.

UniFirst Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, March 7th. UniFirst’s payout ratio is currently 22.11%.

Insiders Place Their Bets

In other UniFirst news, VP David A. Difillippo sold 6,280 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $166.26, for a total value of $1,044,112.80. Following the completion of the sale, the vice president now owns 10,111 shares of the company’s stock, valued at $1,681,054.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.74% of the stock is owned by insiders.

UniFirst Profile

(Free Report)

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.

Read More

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

Institutional Ownership by Quarter for UniFirst (NYSE:UNF)

Receive News & Ratings for UniFirst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UniFirst and related companies with MarketBeat.com's FREE daily email newsletter.