Blair William & Co. IL reduced its stake in Unifirst Corporation (NYSE:UNF) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,534 shares of the textile maker’s stock after selling 6,250 shares during the period. Blair William & Co. IL owned about 0.38% of Unifirst Corporation worth $10,909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. raised its position in Unifirst Corporation by 70.0% in the first quarter. Eagle Asset Management Inc. now owns 20,569 shares of the textile maker’s stock valued at $2,909,000 after buying an additional 8,469 shares during the last quarter. Ameriprise Financial Inc. raised its position in Unifirst Corporation by 2.0% in the first quarter. Ameriprise Financial Inc. now owns 216,070 shares of the textile maker’s stock valued at $30,563,000 after buying an additional 4,181 shares during the last quarter. Karp Capital Management Corp bought a new position in Unifirst Corporation during the first quarter valued at approximately $634,000. Comerica Bank raised its position in Unifirst Corporation by 3.5% in the first quarter. Comerica Bank now owns 17,265 shares of the textile maker’s stock valued at $2,457,000 after buying an additional 586 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Unifirst Corporation by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 202,884 shares of the textile maker’s stock valued at $28,698,000 after buying an additional 9,215 shares during the last quarter. 74.13% of the stock is owned by hedge funds and other institutional investors.

Unifirst Corporation (NYSE:UNF) opened at 136.75 on Monday. Unifirst Corporation has a 12 month low of $116.67 and a 12 month high of $147.65. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 25.20 and a beta of 0.70. The company’s 50-day moving average price is $139.85 and its 200 day moving average price 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, topping the Zacks’ consensus estimate of $1.34 by $0.02. Unifirst Corporation had a return on equity of 7.41% and a net margin of 7.12%. The business had revenue of $409.80 million for the quarter, compared to analysts’ expectations of $396.07 million. During the same quarter in the previous year, the firm earned $1.49 earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year. Analysts predict that Unifirst Corporation will post $4.93 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend is Thursday, September 7th.

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Several research firms have recently commented on UNF. Zacks Investment Research lowered Unifirst Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Robert W. Baird raised Unifirst Corporation from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $145.00 to $163.00 in a research report on Thursday, June 29th. Finally, BidaskClub lowered 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.

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Institutional Ownership by Quarter for Unifirst Corporation (NYSE:UNF)

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