Eastern Bank Makes New $109,000 Investment in UniFirst Co. (NYSE:UNF)

Eastern Bank bought a new position in UniFirst Co. (NYSE:UNF) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 548 shares of the textile maker’s stock, valued at approximately $109,000.

A number of other hedge funds have also bought and sold shares of the business. GAMMA Investing LLC increased its position in shares of UniFirst by 60.5% during the 3rd quarter. GAMMA Investing LLC now owns 183 shares of the textile maker’s stock valued at $36,000 after purchasing an additional 69 shares during the last quarter. Quarry LP increased its position in shares of UniFirst by 1,627.3% during the 2nd quarter. Quarry LP now owns 190 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 179 shares during the last quarter. Covestor Ltd increased its position in shares of UniFirst by 69.7% during the 1st quarter. Covestor Ltd now owns 414 shares of the textile maker’s stock valued at $72,000 after purchasing an additional 170 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of UniFirst during the 2nd quarter valued at about $92,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of UniFirst during the 1st quarter valued at about $166,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Activity at UniFirst

In other UniFirst news, Director Michael Iandoli sold 682 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $194.30, for a total value of $132,512.60. Following the completion of the transaction, the director now directly owns 4,744 shares in the company, valued at $921,759.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.74% of the stock is currently owned by corporate insiders.

UniFirst Trading Down 1.1 %

Shares of NYSE:UNF opened at $187.01 on Friday. The stock has a 50 day moving average of $188.87 and a 200 day moving average of $175.43. The company has a market cap of $3.48 billion, a PE ratio of 27.30 and a beta of 0.81. UniFirst Co. has a 12-month low of $149.58 and a 12-month high of $200.07.

Analyst Ratings Changes

UNF has been the subject of several research reports. Robert W. Baird upped their price target on shares of UniFirst from $199.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday. StockNews.com raised shares of UniFirst from a “hold” rating to a “buy” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, UniFirst presently has an average rating of “Hold” and an average target price of $186.25.

About UniFirst

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and 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.