WCM Investment Management CA Grows Stake in UniFirst Corp (UNF)

WCM Investment Management CA boosted its holdings in UniFirst Corp (NYSE:UNF) by 466.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,449 shares of the textile maker’s stock after purchasing an additional 68,707 shares during the quarter. WCM Investment Management CA owned about 0.41% of UniFirst worth $13,761,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in UniFirst by 5.6% in the third quarter. Janus Henderson Group PLC now owns 909,126 shares of the textile maker’s stock worth $137,733,000 after purchasing an additional 48,162 shares during the last quarter. Russell Investments Group Ltd. boosted its position in UniFirst by 23.1% in the third quarter. Russell Investments Group Ltd. now owns 197,868 shares of the textile maker’s stock worth $29,971,000 after purchasing an additional 37,150 shares during the last quarter. Victory Capital Management Inc. boosted its position in UniFirst by 5.3% in the third quarter. Victory Capital Management Inc. now owns 586,882 shares of the textile maker’s stock worth $88,912,000 after purchasing an additional 29,575 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in UniFirst in the fourth quarter worth $3,811,000. Finally, Atlantic Trust Group LLC purchased a new position in UniFirst in the third quarter worth $3,068,000. Hedge funds and other institutional investors own 72.99% of the company’s stock.

A number of research analysts have recently commented on UNF shares. Zacks Investment Research lowered UniFirst from a “hold” rating to a “strong sell” rating in a research note on Saturday, October 21st. Northcoast Research restated a “neutral” rating on shares of UniFirst in a research note on Thursday, October 19th. Finally, Robert W. Baird upped their target price on UniFirst from $163.00 to $171.00 and gave the stock an “outperform” rating in a research note on Thursday, October 19th.

In other UniFirst news, VP Michael A. Croatti sold 1,202 shares of UniFirst stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $170.26, for a total value of $204,652.52. Following the completion of the sale, the vice president now owns 4,420 shares of the company’s stock, valued at approximately $752,549.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David Martin Katz sold 1,060 shares of UniFirst stock in a transaction on Monday, December 18th. The stock was sold at an average price of $168.15, for a total value of $178,239.00. Following the completion of the sale, the vice president now directly owns 2,667 shares of the company’s stock, valued at approximately $448,456.05. The disclosure for this sale can be found here. Insiders sold a total of 3,722 shares of company stock valued at $628,053 in the last three months. Corporate insiders own 1.00% of the company’s stock.

UniFirst Corp (NYSE:UNF) opened at $154.65 on Thursday. UniFirst Corp has a fifty-two week low of $127.20 and a fifty-two week high of $176.15. The stock has a market capitalization of $3,063.64, a PE ratio of 27.45, a PEG ratio of 2.79 and a beta of 0.64.

UniFirst (NYSE:UNF) last released its quarterly earnings data on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.19. UniFirst had a return on equity of 7.72% and a net margin of 4.69%. The business had revenue of $415.80 million during the quarter, compared to analysts’ expectations of $404.60 million. During the same quarter last year, the business posted $1.38 EPS. The business’s revenue was up 7.7% on a year-over-year basis. analysts expect that UniFirst Corp will post 5.41 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be given a $0.0375 dividend. 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 dividend payout ratio is currently 4.03%.

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UniFirst Profile

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.

Institutional Ownership by Quarter for UniFirst (NYSE:UNF)

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