Unifirst Corporation (UNF) Stake Boosted by JPMorgan Chase & Co.

Unifirst Corporation (UNF) Stake Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in Unifirst Corporation (NYSE:UNF) by 72.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,053 shares of the company’s stock after buying an additional 3,374 shares during the period. JPMorgan Chase & Co.’s holdings in Unifirst Corporation were worth $1,062,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. M&T Bank Corp boosted its stake in Unifirst Corporation by 0.4% in the third quarter. M&T Bank Corp now owns 2,291 shares of the company’s stock valued at $302,000 after buying an additional 10 shares in the last quarter. FDx Advisors Inc. boosted its stake in Unifirst Corporation by 0.4% in the second quarter. FDx Advisors Inc. now owns 2,999 shares of the company’s stock valued at $347,000 after buying an additional 12 shares in the last quarter. ProShare Advisors LLC boosted its stake in Unifirst Corporation by 1.0% in the second quarter. ProShare Advisors LLC now owns 2,191 shares of the company’s stock valued at $254,000 after buying an additional 22 shares in the last quarter. Texas Permanent School Fund boosted its stake in Unifirst Corporation by 0.4% in the third quarter. Texas Permanent School Fund now owns 11,737 shares of the company’s stock valued at $1,548,000 after buying an additional 47 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. boosted its stake in Unifirst Corporation by 1.3% in the third quarter. Thomson Horstmann & Bryant Inc. now owns 5,426 shares of the company’s stock valued at $715,000 after buying an additional 70 shares in the last quarter. 76.22% of the stock is currently owned by institutional investors and hedge funds.

Unifirst Corporation (NYSE:UNF) opened at 129.75 on Friday. The company’s 50-day moving average is $138.11 and its 200-day moving average is $130.32. The stock has a market capitalization of $2.63 billion, a PE ratio of 22.44 and a beta of 0.79. Unifirst Corporation has a 12 month low of $96.90 and a 12 month high of $147.65.

Unifirst Corporation (NYSE:UNF) last released its quarterly earnings results on Wednesday, January 4th. The company reported $1.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.58 by $0.20. The business had revenue of $386.10 million for the quarter, compared to analysts’ expectations of $393.08 million. Unifirst Corporation had a net margin of 7.92% and a return on equity of 7.99%. Unifirst Corporation’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 EPS. Equities research analysts forecast that Unifirst Corporation will post $4.94 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Wednesday, March 8th. Unifirst Corporation’s payout ratio is 2.60%.

Several research firms have recently commented on UNF. William Blair reaffirmed a “market perform” rating on shares of Unifirst Corporation in a research report on Tuesday, January 17th. Zacks Investment Research cut shares of Unifirst Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, January 11th.

In other Unifirst Corporation news, VP David A. Difillippo sold 1,142 shares of the business’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $132.35, for a total transaction of $151,143.70. Following the transaction, the vice president now owns 6,024 shares in the company, valued at $797,276.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven S. Sintros sold 1,087 shares of the business’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $132.35, for a total transaction of $143,864.45. Following the transaction, the chief financial officer now owns 2,667 shares in the company, valued at approximately $352,977.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,642 shares of company stock worth $627,675. 6.70% of the stock is owned by insiders.

Unifirst Corporation Company 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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