Richard Bernstein Advisors LLC reduced its position in shares of Unifirst Corporation (NYSE:UNF) by 38.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,119 shares of the textile maker’s stock after selling 10,635 shares during the period. Richard Bernstein Advisors LLC owned 0.08% of Unifirst Corporation worth $2,409,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new position in Unifirst Corporation during the second quarter worth approximately $149,000. Huntington National Bank raised its position in Unifirst Corporation by 10.3% in the first quarter. Huntington National Bank now owns 1,208 shares of the textile maker’s stock worth $171,000 after buying an additional 113 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Unifirst Corporation during the first quarter worth approximately $185,000. Citadel Advisors LLC purchased a new position in Unifirst Corporation during the first quarter worth approximately $213,000. Finally, KCG Holdings Inc. purchased a new position in Unifirst Corporation during the first quarter worth approximately $235,000. Institutional investors own 74.13% of the company’s stock.
Unifirst Corporation (NYSE UNF) opened at 136.75 on Monday. Unifirst Corporation has a 1-year low of $116.67 and a 1-year high of $147.65. The stock has a market capitalization of $2.77 billion, a P/E ratio of 25.20 and a beta of 0.70. The firm’s 50 day moving average is $139.85 and its 200 day moving average is $137.29.
Unifirst Corporation (NYSE:UNF) last posted its earnings results on Wednesday, June 28th. The textile maker reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. The firm had revenue of $409.80 million during the quarter, compared to the consensus estimate of $396.07 million. Unifirst Corporation had a return on equity of 7.41% and a net margin of 7.12%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 EPS. On average, equities research analysts anticipate that Unifirst Corporation will post $4.93 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.15 annualized dividend and a yield of 0.11%.
COPYRIGHT VIOLATION WARNING: This story was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://stocknewstimes.com/2017/08/21/richard-bernstein-advisors-llc-has-2-41-million-position-in-unifirst-corporation-unf.html.
A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Unifirst Corporation from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a research report on Tuesday, May 30th. Robert W. Baird upgraded shares of Unifirst Corporation from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $145.00 to $163.00 in a research report on Thursday, June 29th. Finally, BidaskClub lowered shares of Unifirst Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th.
Unifirst Corporation Company 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.
Receive News & Ratings for Unifirst Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unifirst Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
