River Road Asset Management LLC Has $57.10 Million Holdings in Unifirst Corporation (UNF)
River Road Asset Management LLC trimmed its position in shares of Unifirst Corporation (NYSE:UNF) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 376,887 shares of the textile maker’s stock after selling 23,040 shares during the quarter. River Road Asset Management LLC owned about 1,859,333.99% of Unifirst Corporation worth $57,098,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in UNF. Teachers Advisors LLC lifted its position in shares of Unifirst Corporation by 2.1% during the first quarter. Teachers Advisors LLC now owns 28,744 shares of the textile maker’s stock valued at $4,066,000 after buying an additional 582 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Unifirst Corporation by 6.4% during the first quarter. Vanguard Group Inc. now owns 1,389,043 shares of the textile maker’s stock valued at $196,481,000 after buying an additional 83,165 shares during the last quarter. BlackRock Inc. lifted its position in shares of Unifirst Corporation by 52,993.4% during the first quarter. BlackRock Inc. now owns 1,852,961 shares of the textile maker’s stock valued at $262,102,000 after buying an additional 1,849,471 shares during the last quarter. KCG Holdings Inc. purchased a new position in shares of Unifirst Corporation in the 1st quarter valued at approximately $235,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Unifirst Corporation by 4.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 88,819 shares of the textile maker’s stock valued at $12,564,000 after purchasing an additional 3,916 shares during the last quarter. 73.61% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on UNF shares. Zacks Investment Research raised shares of Unifirst Corporation from a “hold” rating to a “buy” rating and set a $162.00 price objective for the company in a research report on Wednesday, September 6th. Northcoast Research reaffirmed a “neutral” rating on shares of Unifirst Corporation in a research report on Thursday, October 19th. Robert W. Baird increased their price objective on shares of Unifirst Corporation from $163.00 to $171.00 and gave the company an “outperform” rating in a research report on Thursday, October 19th. Finally, BidaskClub lowered shares of Unifirst Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $165.00.
Shares of Unifirst Corporation (UNF) traded down $2.45 during trading on Thursday, hitting $151.00. 16,805 shares of the company traded hands, compared to its average volume of 45,536. The stock has a market cap of $3,142.63, a price-to-earnings ratio of 29.36, a P/E/G ratio of 2.94 and a beta of 0.74. Unifirst Corporation has a 52-week low of $123.12 and a 52-week high of $162.40.
Unifirst Corporation (NYSE:UNF) last announced its quarterly earnings data on Wednesday, October 18th. The textile maker reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.20. The firm had revenue of $403.60 million during the quarter, compared to analyst estimates of $392.15 million. Unifirst Corporation had a net margin of 4.40% and a return on equity of 7.53%. Unifirst Corporation’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm posted $1.27 EPS. sell-side analysts forecast that Unifirst Corporation will post 5.26 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 8th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date of this dividend is Thursday, December 7th. Unifirst Corporation’s dividend payout ratio is presently 4.37%.
About Unifirst Corporation
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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