Citadel Advisors LLC trimmed its holdings in UniFirst Corp (NYSE:UNF) by 46.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,616 shares of the textile maker’s stock after selling 45,152 shares during the period. Citadel Advisors LLC owned 0.27% of UniFirst worth $9,734,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of UNF. Geode Capital Management LLC boosted its stake in UniFirst by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 183,667 shares of the textile maker’s stock worth $26,277,000 after buying an additional 14,709 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in UniFirst in the 1st quarter worth about $264,000. State Board of Administration of Florida Retirement System acquired a new stake in UniFirst in the 1st quarter worth about $241,000. Raymond James & Associates boosted its stake in UniFirst by 16.6% in the 1st quarter. Raymond James & Associates now owns 41,245 shares of the textile maker’s stock worth $6,331,000 after buying an additional 5,887 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its stake in UniFirst by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 4,957 shares of the textile maker’s stock worth $761,000 after buying an additional 164 shares during the last quarter. 77.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:UNF traded up $1.09 during mid-day trading on Friday, hitting $194.52. 89,098 shares of the company traded hands, compared to its average volume of 108,221. The firm has a market cap of $3.68 billion, a P/E ratio of 23.97 and a beta of 0.73. UniFirst Corp has a 52-week low of $132.38 and a 52-week high of $205.22. The firm’s 50 day simple moving average is $196.33 and its 200 day simple moving average is $171.82.
UniFirst (NYSE:UNF) last announced its earnings results on Wednesday, June 26th. The textile maker reported $2.46 EPS for the quarter, beating the consensus estimate of $1.70 by $0.76. The business had revenue of $453.72 million for the quarter, compared to the consensus estimate of $441.70 million. UniFirst had a return on equity of 9.67% and a net margin of 9.21%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business posted $1.85 EPS. On average, equities analysts expect that UniFirst Corp will post 7.93 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be issued a dividend of $0.1125 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.45 annualized dividend and a dividend yield of 0.23%. UniFirst’s payout ratio is currently 6.04%.
In other UniFirst news, major shareholder Cecelia Levenstein sold 8,408 shares of UniFirst stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $201.97, for a total transaction of $1,698,163.76. Following the sale, the insider now directly owns 118,558 shares in the company, valued at approximately $23,945,159.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 29,500 shares of company stock worth $5,846,211. Company insiders own 1.00% of the company’s stock.
A number of analysts have issued reports on UNF shares. JPMorgan Chase & Co. raised their price target on UniFirst from $155.00 to $183.00 and gave the stock a “neutral” rating in a research note on Thursday, June 27th. Zacks Investment Research downgraded UniFirst from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 29th. Finally, ValuEngine downgraded UniFirst from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th.
UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. Rental and Cleaning, 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.
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