Rockefeller Capital Management L.P. cut its holdings in UniFirst Corp (NYSE:UNF) by 54.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,095 shares of the textile maker’s stock after selling 1,322 shares during the period. Rockefeller Capital Management L.P.’s holdings in UniFirst were worth $221,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Marshall Wace North America L.P. grew its position in UniFirst by 17.4% in the 1st quarter. Marshall Wace North America L.P. now owns 473 shares of the textile maker’s stock worth $73,000 after purchasing an additional 70 shares during the last quarter. First Trust Advisors LP raised its position in UniFirst by 17.0% in the 1st quarter. First Trust Advisors LP now owns 31,435 shares of the textile maker’s stock worth $4,825,000 after purchasing an additional 4,564 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in UniFirst by 39.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 16,747 shares of the textile maker’s stock worth $3,268,000 after buying an additional 4,771 shares in the last quarter. Rhumbline Advisers boosted its position in UniFirst by 4.8% in the 3rd quarter. Rhumbline Advisers now owns 51,206 shares of the textile maker’s stock valued at $9,991,000 after buying an additional 2,364 shares during the last quarter. Finally, W.E. Donoghue & Co. LLC bought a new position in UniFirst in the 3rd quarter valued at $2,412,000. Institutional investors and hedge funds own 77.48% of the company’s stock.
A number of equities research analysts have recently weighed in on UNF shares. William Blair restated a “market perform” rating on shares of UniFirst in a research report on Wednesday, January 8th. Zacks Investment Research raised UniFirst from a “hold” rating to a “strong-buy” rating and set a $239.00 price objective for the company in a report on Saturday, January 11th. Finally, ValuEngine downgraded shares of UniFirst from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th.
UniFirst (NYSE:UNF) last announced its quarterly earnings data on Wednesday, January 8th. The textile maker reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.51. UniFirst had a return on equity of 10.21% and a net margin of 9.89%. The business had revenue of $465.40 million during the quarter, compared to analysts’ expectations of $459.19 million. During the same period in the previous year, the firm earned $2.10 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Research analysts forecast that UniFirst Corp will post 8.16 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 9th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, March 6th. UniFirst’s dividend payout ratio (DPR) is presently 11.74%.
In related news, Director Kathleen M. Camilli sold 351 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $212.99, for a total value of $74,759.49. Following the sale, the director now owns 2,394 shares in the company, valued at approximately $509,898.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP David A. Difillippo sold 776 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $206.16, for a total value of $159,980.16. Following the completion of the sale, the vice president now owns 12,130 shares in the company, valued at approximately $2,500,720.80. The disclosure for this sale can be found here. Insiders have sold a total of 4,913 shares of company stock worth $1,017,167 over the last 90 days. 1.10% of the stock is owned by company insiders.
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.
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