UniFirst Corp (UNF) Stake Lifted by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. lifted its position in shares of UniFirst Corp (NYSE:UNF) by 5.7% during the 4th quarter, Holdings Channel reports. The firm owned 105,693 shares of the textile maker’s stock after purchasing an additional 5,710 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in UniFirst were worth $17,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in UNF. California Public Employees Retirement System boosted its holdings in shares of UniFirst by 6.1% during the 2nd quarter. California Public Employees Retirement System now owns 19,200 shares of the textile maker’s stock worth $2,701,000 after buying an additional 1,100 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of UniFirst by 2.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 26,881 shares of the textile maker’s stock worth $3,782,000 after buying an additional 521 shares during the period. Voya Investment Management LLC boosted its holdings in shares of UniFirst by 20.0% during the 2nd quarter. Voya Investment Management LLC now owns 6,987 shares of the textile maker’s stock worth $983,000 after buying an additional 1,163 shares during the period. State Street Corp boosted its holdings in shares of UniFirst by 4.4% during the 2nd quarter. State Street Corp now owns 376,860 shares of the textile maker’s stock worth $53,020,000 after buying an additional 15,909 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of UniFirst during the 3rd quarter worth about $518,000. Institutional investors own 71.97% of the company’s stock.
Shares of UniFirst Corp (NYSE:UNF) opened at $157.10 on Friday. The company has a market cap of $3,190.00, a PE ratio of 42.01, a P/E/G ratio of 2.87 and a beta of 0.64. UniFirst Corp has a twelve month low of $129.60 and a twelve month high of $176.15.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.10%. The ex-dividend date is Thursday, March 8th. UniFirst’s payout ratio is 4.01%.
Separately, Zacks Investment Research raised shares of UniFirst from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th.
In other UniFirst news, VP David Martin Katz sold 1,060 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were 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 owns 2,667 shares of the company’s stock, valued at approximately $448,456.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael A. Croatti sold 1,216 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $168.99, for a total transaction of $205,491.84. Following the completion of the sale, the vice president now directly owns 3,375 shares of the company’s stock, valued at approximately $570,341.25. The disclosure for this sale can be found here. Insiders have sold a total of 4,725 shares of company stock valued at $783,568 in the last ninety days. 1.00% of the stock is currently owned by insiders.
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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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