UBS Asset Management Americas Inc. lowered its stake in shares of UniFirst Corp. (NYSE:UNF) by 18.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,263 shares of the company’s stock after selling 5,143 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.11% of UniFirst Corp. worth $2,576,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in UNF. State Street Corp increased its stake in shares of UniFirst Corp. by 3.0% in the first quarter. State Street Corp now owns 292,404 shares of the company’s stock valued at $31,907,000 after buying an additional 8,410 shares in the last quarter. Fiduciary Management Inc. WI increased its stake in shares of UniFirst Corp. by 12.0% in the first quarter. Fiduciary Management Inc. WI now owns 498,600 shares of the company’s stock valued at $54,407,000 after buying an additional 53,606 shares in the last quarter. William Harris Investors Inc. bought a new stake in shares of UniFirst Corp. during the first quarter valued at approximately $2,839,000. M&T Bank Corp increased its stake in shares of UniFirst Corp. by 0.4% in the first quarter. M&T Bank Corp now owns 2,281 shares of the company’s stock valued at $249,000 after buying an additional 10 shares in the last quarter. Finally, Menta Capital LLC bought a new stake in shares of UniFirst Corp. during the first quarter valued at approximately $295,000. 73.93% of the stock is owned by institutional investors and hedge funds.
UniFirst Corp. (NYSE:UNF) traded down 0.823% during midday trading on Friday, hitting $131.895. The stock had a trading volume of 22,147 shares. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 22.519 and a beta of 0.79. UniFirst Corp. has a 1-year low of $96.90 and a 1-year high of $137.01. The company has a 50-day moving average of $130.02 and a 200-day moving average of $117.49.
Several research firms recently weighed in on UNF. Robert W. Baird lowered UniFirst Corp. from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $125.00 to $121.00 in a research report on Friday, July 1st. Zacks Investment Research lowered UniFirst Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 1st. Finally, JPMorgan Chase & Co. reissued a “hold” rating on shares of UniFirst Corp. in a research report on Thursday, June 30th.
In other UniFirst Corp. news, VP David A. Difillippo sold 1,267 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $115.48, for a total transaction of $146,313.16. Following the completion of the sale, the vice president now directly owns 3,512 shares in the company, valued at $405,565.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David A. Difillippo sold 467 shares of the company’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $114.77, for a total value of $53,597.59. Following the sale, the vice president now owns 3,824 shares of the company’s stock, valued at $438,880.48. The disclosure for this sale can be found here. 6.20% of the stock is owned by corporate insiders.
UniFirst Corp. Company Profile
UniFirst Corporation (UniFirst) 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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