Russell Investments Group Ltd. raised its position in shares of UniFirst Corp (NYSE:UNF) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,114 shares of the textile maker’s stock after acquiring an additional 394 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.25% of UniFirst worth $9,196,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in UNF. Man Group plc increased its holdings in shares of UniFirst by 245.6% in the second quarter. Man Group plc now owns 197,060 shares of the textile maker’s stock valued at $37,160,000 after purchasing an additional 140,034 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of UniFirst by 390.8% in the second quarter. Prudential Financial Inc. now owns 133,218 shares of the textile maker’s stock valued at $25,121,000 after purchasing an additional 106,075 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its holdings in shares of UniFirst by 1,305.1% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 105,386 shares of the textile maker’s stock valued at $19,873,000 after purchasing an additional 97,886 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of UniFirst in the second quarter valued at approximately $17,171,000. Finally, Bessemer Group Inc. increased its holdings in shares of UniFirst by 321.0% in the second quarter. Bessemer Group Inc. now owns 98,104 shares of the textile maker’s stock valued at $18,499,000 after purchasing an additional 74,804 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.
Several research firms recently commented on UNF. ValuEngine cut UniFirst from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Zacks Investment Research reaffirmed a “hold” rating on shares of UniFirst in a report on Saturday, October 26th.
NYSE:UNF opened at $207.37 on Friday. UniFirst Corp has a one year low of $132.38 and a one year high of $211.63. The stock has a market cap of $3.95 billion, a PE ratio of 24.34 and a beta of 0.70. The stock has a 50 day moving average price of $198.78 and a 200 day moving average price of $185.43.
UniFirst (NYSE:UNF) last posted its quarterly earnings results on Wednesday, October 23rd. The textile maker reported $2.40 EPS for the quarter, beating the consensus estimate of $1.96 by $0.44. The firm had revenue of $479.62 million during the quarter, compared to analysts’ expectations of $471.41 million. UniFirst had a return on equity of 9.67% and a net margin of 9.49%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.06 earnings per share. As a group, sell-side analysts forecast that UniFirst Corp will post 8.02 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.48%. This is a positive change from UniFirst’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, December 5th. UniFirst’s dividend payout ratio is presently 5.28%.
UniFirst Company Profile
UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. Rental and Cleaning, 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.
Recommended Story: What is a blue-chip stock?
Want to see what other hedge funds are holding UNF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UniFirst Corp (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.