Keybank National Association OH Has $2.037 Million Position in UniFirst Corp (UNF)

Keybank National Association OH increased its position in UniFirst Corp (NYSE:UNF) by 1.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 14,400 shares of the textile maker’s stock after buying an additional 200 shares during the period. Keybank National Association OH’s holdings in UniFirst Corp were worth $2,037,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. boosted its position in UniFirst Corp by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 378,266 shares of the textile maker’s stock valued at $49,878,000 after buying an additional 4,446 shares during the period. WCM Investment Management CA acquired a new position in UniFirst Corp during the third quarter valued at $1,099,000. Susquehanna International Group LLP acquired a new position in UniFirst Corp during the third quarter valued at $1,567,000. UBS Group AG boosted its position in UniFirst Corp by 8.2% in the third quarter. UBS Group AG now owns 32,492 shares of the textile maker’s stock valued at $4,284,000 after buying an additional 2,455 shares during the period. Finally, State Street Corp boosted its position in UniFirst Corp by 10.7% in the fourth quarter. State Street Corp now owns 340,490 shares of the textile maker’s stock valued at $48,911,000 after buying an additional 33,040 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Institutional Ownership by Quarter for UniFirst Corp (NYSE:UNF)

UniFirst Corp (NYSE:UNF) traded down 0.18% during trading on Friday, hitting $137.30. The stock had a trading volume of 53,718 shares. The stock has a 50 day moving average of $138.30 and a 200 day moving average of $136.03. The firm has a market capitalization of $2.79 billion, a P/E ratio of 24.00 and a beta of 0.76. UniFirst Corp has a one year low of $104.86 and a one year high of $147.65.

UniFirst Corp (NYSE:UNF) last released its earnings results on Wednesday, March 29th. The textile maker reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. UniFirst Corp had a return on equity of 7.99% and a net margin of 7.92%. The business had revenue of $391.40 million during the quarter, compared to analysts’ expectations of $385.28 million. During the same quarter last year, the firm posted $1.16 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. Equities research analysts expect that UniFirst Corp will post $5.01 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 9th will be paid a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 7th. This represents a $0.15 annualized dividend and a yield of 0.11%. UniFirst Corp’s dividend payout ratio is currently 2.60%.

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Separately, Zacks Investment Research upgraded UniFirst Corp from a “sell” rating to a “hold” rating in a report on Saturday, March 18th.

In related news, VP Cynthia Croatti sold 1,755 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $142.00, for a total transaction of $249,210.00. Following the completion of the sale, the vice president now owns 4,000 shares of the company’s stock, valued at $568,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steven S. Sintros sold 1,115 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $131.10, for a total value of $146,176.50. Following the sale, the vice president now directly owns 2,666 shares of the company’s stock, valued at approximately $349,512.60. The disclosure for this sale can be found here. Insiders have sold 7,881 shares of company stock valued at $1,069,168 in the last ninety days. 6.70% of the stock is currently owned by insiders.

About UniFirst Corp

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.

12 Month Chart for NYSE:UNF

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