UniFirst Corp (UNF) Holdings Trimmed by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC lessened its position in shares of UniFirst Corp (NYSE:UNF) by 7.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 37,442 shares of the textile maker’s stock after selling 2,916 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.18% of UniFirst worth $6,174,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Strs Ohio increased its position in UniFirst by 100.0% during the 4th quarter. Strs Ohio now owns 800 shares of the textile maker’s stock valued at $131,000 after purchasing an additional 400 shares during the period. First Trust Advisors LP increased its position in UniFirst by 4.2% during the 4th quarter. First Trust Advisors LP now owns 11,570 shares of the textile maker’s stock valued at $1,908,000 after purchasing an additional 468 shares during the period. Louisiana State Employees Retirement System increased its position in UniFirst by 8.1% during the 4th quarter. Louisiana State Employees Retirement System now owns 6,700 shares of the textile maker’s stock valued at $1,105,000 after purchasing an additional 500 shares during the period. Eagle Asset Management Inc. increased its position in UniFirst by 2.8% during the 4th quarter. Eagle Asset Management Inc. now owns 23,290 shares of the textile maker’s stock valued at $3,837,000 after purchasing an additional 643 shares during the period. Finally, Swiss National Bank increased its position in UniFirst by 3.1% during the 4th quarter. Swiss National Bank now owns 26,700 shares of the textile maker’s stock valued at $4,403,000 after purchasing an additional 800 shares during the period. 73.95% of the stock is owned by institutional investors and hedge funds.

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In other news, VP David A. Difillippo sold 993 shares of the firm’s stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of $150.00, for a total transaction of $148,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael A. Croatti sold 1,202 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $170.26, for a total transaction of $204,652.52. Following the sale, the vice president now directly owns 4,420 shares of the company’s stock, valued at approximately $752,549.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,735 shares of company stock valued at $752,043. Insiders own 1.00% of the company’s stock.

Shares of UNF stock opened at $158.55 on Monday. The company has a market cap of $3,218.85, a PE ratio of 30.03, a P/E/G ratio of 2.09 and a beta of 0.61. UniFirst Corp has a 52 week low of $133.63 and a 52 week high of $176.15.

UniFirst (NYSE:UNF) last announced its quarterly earnings data on Wednesday, March 28th. The textile maker reported $1.38 EPS for the quarter, topping the consensus estimate of $1.07 by $0.31. The company had revenue of $419.30 million during the quarter, compared to the consensus estimate of $405.64 million. UniFirst had a net margin of 6.79% and a return on equity of 7.95%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS. research analysts expect that UniFirst Corp will post 7.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 8th will be given a dividend of $0.1125 per share. This is an increase from UniFirst’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, June 7th. This represents a $0.45 annualized dividend and a dividend yield of 0.28%. UniFirst’s dividend payout ratio (DPR) is 2.84%.

A number of research firms have weighed in on UNF. Barrington Research reissued a “hold” rating on shares of UniFirst in a research report on Thursday, March 29th. Robert W. Baird reaffirmed a “buy” rating and set a $183.00 price objective on shares of UniFirst in a research report on Thursday, March 29th. Zacks Investment Research downgraded shares of UniFirst from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, ValuEngine raised shares of UniFirst from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. UniFirst presently has an average rating of “Hold” and an average price target of $186.00.

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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.

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Institutional Ownership by Quarter for UniFirst (NYSE:UNF)

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