Profund Advisors LLC reduced its holdings in Unifirst Corporation (NYSE:UNF) by 8.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,998 shares of the textile maker’s stock after selling 179 shares during the period. Profund Advisors LLC’s holdings in Unifirst Corporation were worth $281,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Unifirst Corporation by 52,993.4% in the first quarter. BlackRock Inc. now owns 1,852,961 shares of the textile maker’s stock valued at $262,102,000 after buying an additional 1,849,471 shares during the period. Vanguard Group Inc. lifted its holdings in Unifirst Corporation by 6.4% in the first quarter. Vanguard Group Inc. now owns 1,389,043 shares of the textile maker’s stock valued at $196,481,000 after buying an additional 83,165 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Unifirst Corporation by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 862,234 shares of the textile maker’s stock valued at $121,962,000 after buying an additional 41,850 shares during the period. Royce & Associates LP lifted its holdings in Unifirst Corporation by 3.8% in the second quarter. Royce & Associates LP now owns 813,720 shares of the textile maker’s stock valued at $114,490,000 after buying an additional 29,500 shares during the period. Finally, TPG Group Holdings SBS Advisors Inc. lifted its holdings in Unifirst Corporation by 7.4% in the first quarter. TPG Group Holdings SBS Advisors Inc. now owns 678,600 shares of the textile maker’s stock valued at $95,988,000 after buying an additional 46,874 shares during the period. Institutional investors and hedge funds own 73.47% of the company’s stock.
Unifirst Corporation (NYSE UNF) opened at 156.20 on Wednesday. Unifirst Corporation has a one year low of $116.67 and a one year high of $157.55. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 28.78 and a beta of 0.70. The company has a 50-day moving average of $145.95 and a 200 day moving average of $141.13.
UNF has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Unifirst Corporation from a “hold” rating to a “buy” rating and set a $162.00 price objective on the stock in a report on Wednesday, September 6th. Robert W. Baird upgraded shares of Unifirst Corporation from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $145.00 to $163.00 in a report on Thursday, June 29th. Finally, BidaskClub lowered shares of Unifirst Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th.
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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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