Parametrica Management Ltd purchased a new stake in shares of UniFirst Corp (NYSE:UNF) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,803 shares of the textile maker’s stock, valued at approximately $297,000.
Several other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in shares of UniFirst by 0.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the textile maker’s stock valued at $577,000 after buying an additional 36 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of UniFirst by 2.0% during the 2nd quarter. Amalgamated Bank now owns 2,086 shares of the textile maker’s stock valued at $294,000 after buying an additional 40 shares during the last quarter. Martin & Co. Inc. TN lifted its holdings in shares of UniFirst by 1.2% during the 2nd quarter. Martin & Co. Inc. TN now owns 9,499 shares of the textile maker’s stock valued at $1,337,000 after buying an additional 115 shares during the last quarter. Strs Ohio lifted its holdings in shares of UniFirst by 100.0% during the 4th quarter. Strs Ohio now owns 800 shares of the textile maker’s stock valued at $131,000 after buying an additional 400 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of UniFirst by 1.3% during the 3rd quarter. Rhumbline Advisers now owns 34,040 shares of the textile maker’s stock valued at $5,157,000 after buying an additional 432 shares during the last quarter. Institutional investors and hedge funds own 72.88% of the company’s stock.
In other news, VP David Martin Katz sold 1,060 shares of the company’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 completion of the transaction, the vice president now directly owns 2,667 shares in the company, valued at $448,456.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Michael A. Croatti sold 1,202 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $170.26, for a total value of $204,652.52. Following the transaction, the vice president now owns 4,420 shares of the company’s stock, valued at $752,549.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,603 shares of company stock valued at $609,846. Corporate insiders own 1.00% of the company’s stock.
Shares of UniFirst Corp (UNF) opened at $163.15 on Monday. UniFirst Corp has a 1-year low of $124.85 and a 1-year high of $176.15. The firm has a market capitalization of $3,310.15, a P/E ratio of 43.86, a P/E/G ratio of 3.02 and a beta of 0.64.
UniFirst (NYSE:UNF) last posted its earnings results on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.19. UniFirst had a return on equity of 7.72% and a net margin of 4.69%. The firm had revenue of $415.80 million during the quarter, compared to analyst estimates of $404.60 million. During the same period in the previous year, the company earned $1.38 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. equities research analysts forecast that UniFirst Corp will post 5.41 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be issued a $0.0375 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.15 annualized dividend and a yield of 0.09%. UniFirst’s dividend payout ratio (DPR) is currently 4.03%.
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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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