Guggenheim Capital LLC lowered its position in UniFirst Corp (NYSE:UNF) by 20.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,882 shares of the textile maker’s stock after selling 23,905 shares during the period. Guggenheim Capital LLC owned about 0.46% of UniFirst worth $15,482,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNF. Deutsche Bank AG increased its position in shares of UniFirst by 401.0% in the 4th quarter. Deutsche Bank AG now owns 102,784 shares of the textile maker’s stock valued at $16,947,000 after buying an additional 82,269 shares in the last quarter. WCM Investment Management CA increased its position in shares of UniFirst by 466.1% in the 4th quarter. WCM Investment Management CA now owns 83,449 shares of the textile maker’s stock valued at $13,761,000 after buying an additional 68,707 shares in the last quarter. BlackRock Inc. increased its position in shares of UniFirst by 3.2% in the 4th quarter. BlackRock Inc. now owns 1,948,654 shares of the textile maker’s stock valued at $321,334,000 after buying an additional 60,478 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of UniFirst by 5.6% in the 3rd quarter. Janus Henderson Group PLC now owns 909,126 shares of the textile maker’s stock valued at $137,733,000 after buying an additional 48,162 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of UniFirst by 55.1% in the 4th quarter. Renaissance Technologies LLC now owns 107,800 shares of the textile maker’s stock valued at $17,776,000 after buying an additional 38,300 shares in the last quarter. Institutional investors and hedge funds own 73.95% of the company’s stock.
In other news, VP David A. Difillippo sold 1,266 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $158.95, for a total transaction of $201,230.70. Following the completion of the transaction, the vice president now directly owns 7,067 shares in the company, valued at approximately $1,123,299.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Michael A. Croatti sold 1,202 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $170.26, for a total transaction of $204,652.52. Following the transaction, the vice president now owns 4,420 shares of the company’s stock, valued at $752,549.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,846 shares of company stock valued at $621,406. Corporate insiders own 1.00% of the company’s stock.
UniFirst stock opened at $156.85 on Thursday. The stock has a market capitalization of $3,167.11, a PE ratio of 28.38, a price-to-earnings-growth ratio of 2.89 and a beta of 0.68. UniFirst Corp has a 1-year low of $133.00 and a 1-year high of $176.15.
UniFirst (NYSE:UNF) last released its earnings results on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.19. The firm had revenue of $415.80 million during the quarter, compared to analysts’ expectations of $404.60 million. UniFirst had a return on equity of 7.72% and a net margin of 4.69%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 EPS. equities analysts expect that UniFirst Corp will post 5.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued 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 is Thursday, March 8th. UniFirst’s dividend payout ratio (DPR) is presently 4.03%.
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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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