Teacher Retirement System of Texas acquired a new stake in UniFirst Corp (NYSE:UNF) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,270 shares of the textile maker’s stock, valued at approximately $869,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in UNF. WCM Investment Management CA raised its stake in UniFirst by 466.1% in the fourth quarter. WCM Investment Management CA now owns 83,449 shares of the textile maker’s stock valued at $13,761,000 after buying an additional 68,707 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in UniFirst in the fourth quarter valued at $235,000. Parametrica Management Ltd acquired a new stake in UniFirst in the fourth quarter valued at $297,000. Moody Aldrich Partners LLC raised its stake in UniFirst by 23.5% in the fourth quarter. Moody Aldrich Partners LLC now owns 12,656 shares of the textile maker’s stock valued at $2,087,000 after buying an additional 2,405 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in UniFirst in the fourth quarter valued at $3,811,000. Institutional investors and hedge funds own 72.57% of the company’s stock.
Shares of UniFirst Corp (NYSE:UNF) opened at $156.65 on Wednesday. UniFirst Corp has a 52 week low of $130.25 and a 52 week high of $176.15. The firm has a market capitalization of $3,136.68, a price-to-earnings ratio of 42.11, a price-to-earnings-growth ratio of 2.86 and a beta of 0.68.
UniFirst (NYSE:UNF) last issued its quarterly earnings data on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.19. The company had revenue of $415.80 million for the quarter, compared to analyst estimates of $404.60 million. UniFirst had a return on equity of 7.72% and a net margin of 4.69%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.38 earnings per share. research analysts forecast that UniFirst Corp will post 5.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend is Thursday, March 8th. UniFirst’s payout ratio is 4.03%.
In related news, VP David Martin Katz sold 1,060 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $168.15, for a total transaction of $178,239.00. Following the transaction, the vice president now owns 2,667 shares of the company’s stock, valued at $448,456.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP David A. Difillippo sold 1,266 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $158.95, for a total value of $201,230.70. Following the transaction, the vice president now directly owns 7,067 shares in the company, valued at approximately $1,123,299.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,991 shares of company stock worth $984,799. Corporate insiders own 1.00% of the company’s stock.
A number of research firms have weighed in on UNF. Zacks Investment Research upgraded UniFirst from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. ValuEngine upgraded UniFirst from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $180.00.
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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