13,767 Shares in UniFirst Corporation $UNF Bought by Martin & Co. Inc. TN

by · The Cerbat Gem

Martin & Co. Inc. TN bought a new stake in UniFirst Corporation (NYSE:UNF – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm bought 13,767 shares of the textile maker’s stock, valued at approximately $3,641,000.

Other institutional investors have also bought and sold shares of the company. Royal Bank of Canada raised its position in shares of UniFirst by 7.8% in the 1st quarter. Royal Bank of Canada now owns 27,152 shares of the textile maker’s stock worth $4,724,000 after acquiring an additional 1,974 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of UniFirst by 13.4% during the 1st quarter. AQR Capital Management LLC now owns 5,069 shares of the textile maker’s stock valued at $882,000 after purchasing an additional 599 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in UniFirst by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,966 shares of the textile maker’s stock worth $1,560,000 after purchasing an additional 397 shares during the period. Millennium Management LLC grew its stake in UniFirst by 37.3% during the first quarter. Millennium Management LLC now owns 105,331 shares of the textile maker’s stock worth $18,328,000 after purchasing an additional 28,589 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in UniFirst by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 34,914 shares of the textile maker’s stock worth $6,075,000 after purchasing an additional 1,326 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on UNF shares. Weiss Ratings lowered UniFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. UBS Group set a $262.00 price objective on shares of UniFirst in a research report on Monday, July 6th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, UniFirst currently has a consensus rating of “Hold” and an average price target of $246.67.

View Our Latest Stock Analysis on UniFirst

UniFirst Stock Performance

Shares of UniFirst stock opened at $290.45 on Friday. UniFirst Corporation has a 52 week low of $147.66 and a 52 week high of $306.67. The stock has a 50 day moving average price of $280.48 and a two-hundred day moving average price of $262.69. The stock has a market capitalization of $5.25 billion, a PE ratio of 45.81 and a beta of 0.63.

UniFirst (NYSE:UNF – Get Free Report) last issued its earnings results on Wednesday, July 1st. The textile maker reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.84). UniFirst had a return on equity of 6.44% and a net margin of 4.65%.The firm had revenue of $634.40 million for the quarter, compared to analyst estimates of $627.66 million. During the same period in the previous year, the company earned $2.13 earnings per share. UniFirst’s revenue for the quarter was up 3.9% compared to the same quarter last year. Research analysts forecast that UniFirst Corporation will post 7.49 EPS for the current year.

UniFirst Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, September 4th. UniFirst’s payout ratio is 23.03%.

UniFirst Profile

(Free Report)

UniFirst Corporation (NYSE: UNF) is a leading provider of customized uniform rental and facility service programs in North America and Europe. The company specializes in the rental, laundering and maintenance of workwear, corporate apparel and protective garments for a broad range of industries, including manufacturing, automotive, hospitality, healthcare and food processing. UniFirst also offers a suite of facility service products such as entrance mats, restroom supplies, wipers, mops and hygienic services designed to help customers maintain clean and safe environments.

In addition to its core uniform rental business, UniFirst has expanded its product portfolio to include safety and first-responder gear, flame-resistant clothing, high-visibility apparel and personal protective equipment (PPE).

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