UniFirst Co. (NYSE:UNF) EVP William Masters Ross Sells 64 Shares

UniFirst Co. (NYSE:UNF) EVP William Masters Ross sold 64 shares of the firm’s stock in a transaction that occurred on Monday, September 27th. The stock was sold at an average price of $225.00, for a total transaction of $14,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

William Masters Ross also recently made the following trade(s):

  • On Thursday, August 19th, William Masters Ross sold 63 shares of UniFirst stock. The shares were sold at an average price of $225.00, for a total value of $14,175.00.

Shares of UNF traded down $2.64 during midday trading on Tuesday, reaching $219.11. 68,636 shares of the stock were exchanged, compared to its average volume of 61,539. UniFirst Co. has a 52 week low of $160.70 and a 52 week high of $258.86. The company’s 50 day moving average is $220.90 and its two-hundred day moving average is $223.08. The company has a market capitalization of $4.14 billion, a P/E ratio of 28.50 and a beta of 1.05.

UniFirst (NYSE:UNF) last issued its quarterly earnings data on Tuesday, June 29th. The textile maker reported $2.21 EPS for the quarter, beating the consensus estimate of $1.84 by $0.37. UniFirst had a return on equity of 8.27% and a net margin of 8.27%. The company had revenue of $464.32 million for the quarter, compared to analyst estimates of $454.47 million. Analysts forecast that UniFirst Co. will post 8.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 28th. Investors of record on Tuesday, September 7th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Friday, September 3rd. UniFirst’s payout ratio is currently 14.03%.

A number of institutional investors have recently modified their holdings of the stock. Marshall Wace North America L.P. raised its stake in UniFirst by 17.4% during the 1st quarter. Marshall Wace North America L.P. now owns 473 shares of the textile maker’s stock valued at $73,000 after purchasing an additional 70 shares during the period. First Trust Advisors LP lifted its position in UniFirst by 17.0% during the 1st quarter. First Trust Advisors LP now owns 31,435 shares of the textile maker’s stock worth $4,825,000 after acquiring an additional 4,564 shares during the last quarter. Swiss National Bank raised its position in shares of UniFirst by 1.2% during the first quarter. Swiss National Bank now owns 34,900 shares of the textile maker’s stock valued at $7,807,000 after buying an additional 400 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of UniFirst by 73.4% during the first quarter. BNP Paribas Arbitrage SA now owns 8,800 shares of the textile maker’s stock valued at $1,969,000 after buying an additional 3,726 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of UniFirst by 4.2% during the first quarter. BlackRock Inc. now owns 2,410,252 shares of the textile maker’s stock valued at $539,198,000 after buying an additional 97,265 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

About UniFirst

UniFirst Corp. engages in the design, manufacture, personalization, rental, cleaning, delivery, and sale of a range of uniforms and protective clothing. It operates through following segments: U.S. Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, First Aid, and Corporate.

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