Geneva Advisors LLC Holds Position in Unifirst Corporation (UNF)
Geneva Advisors LLC held its stake in shares of Unifirst Corporation (NYSE:UNF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,253 shares of the textile maker’s stock at the end of the second quarter. Geneva Advisors LLC owned approximately 0.10% of Unifirst Corporation worth $2,850,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of UNF. 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 in the last quarter. 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. Hedge funds and other institutional investors own 74.13% of the company’s stock.
Unifirst Corporation (NYSE:UNF) opened at 138.05 on Friday. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 25.44 and a beta of 0.70. The company has a 50-day moving average of $139.52 and a 200-day moving average of $137.68. Unifirst Corporation has a 1-year low of $116.67 and a 1-year high of $147.65.
Unifirst Corporation (NYSE:UNF) last released its quarterly earnings results on Wednesday, June 28th. The textile maker reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.02. Unifirst Corporation had a net margin of 7.12% and a return on equity of 7.41%. The firm had revenue of $409.80 million during the quarter, compared to analyst estimates of $396.07 million. During the same quarter last year, the business earned $1.49 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. Analysts predict that Unifirst Corporation will post $4.93 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders 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%.
ILLEGAL ACTIVITY WARNING: “Geneva Advisors LLC Holds Position in Unifirst Corporation (UNF)” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/08/26/geneva-advisors-llc-holds-position-in-unifirst-corporation-unf.html.
UNF has been the subject of a number of recent analyst reports. Zacks Investment Research raised 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 note on Saturday, July 1st. Robert W. Baird raised shares of Unifirst Corporation from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $145.00 to $163.00 in a research note on Thursday, June 29th. Finally, BidaskClub lowered shares of Unifirst Corporation from a “hold” rating to a “sell” rating in a research note 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.
Want to see what other hedge funds are holding UNF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unifirst Corporation (NYSE:UNF).
Receive News & Stock 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 stocks with our FREE daily email newsletter.