Unifirst Corporation (UNF) Shares Sold by BlackRock Inc.
BlackRock Inc. lessened its holdings in shares of Unifirst Corporation (NYSE:UNF) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,841,147 shares of the textile maker’s stock after selling 11,814 shares during the quarter. BlackRock Inc. owned 9.08% of Unifirst Corporation worth $259,048,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Municipal Employees Retirement System of Michigan raised its stake in Unifirst Corporation by 1.1% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 3,520 shares of the textile maker’s stock worth $498,000 after buying an additional 40 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Unifirst Corporation by 1.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,069 shares of the textile maker’s stock valued at $576,000 after purchasing an additional 69 shares during the period. Huntington National Bank raised its stake in shares of Unifirst Corporation by 6.4% in the 2nd quarter. Huntington National Bank now owns 1,285 shares of the textile maker’s stock valued at $181,000 after purchasing an additional 77 shares during the period. Arizona State Retirement System raised its stake in shares of Unifirst Corporation by 1.3% in the 1st quarter. Arizona State Retirement System now owns 8,057 shares of the textile maker’s stock valued at $1,140,000 after purchasing an additional 100 shares during the period. Finally, Aperio Group LLC raised its stake in shares of Unifirst Corporation by 2.3% in the 2nd quarter. Aperio Group LLC now owns 4,585 shares of the textile maker’s stock valued at $645,000 after purchasing an additional 104 shares during the period. 73.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of Unifirst Corporation (NYSE:UNF) opened at 154.80 on Thursday. The firm has a 50 day moving average price of $143.85 and a 200 day moving average price of $140.49. The firm has a market cap of $3.14 billion, a P/E ratio of 28.52 and a beta of 0.70. Unifirst Corporation has a 1-year low of $116.67 and a 1-year high of $155.60.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.15 annualized dividend and a dividend yield of 0.10%. Unifirst Corporation’s dividend payout ratio is currently 2.77%.
Several analysts have issued reports on UNF shares. Zacks Investment Research raised Unifirst Corporation from a “hold” rating to a “buy” rating and set a $159.00 price target on the stock in a research note on Tuesday, September 12th. BidaskClub downgraded Unifirst Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Robert W. Baird raised Unifirst Corporation from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $145.00 to $163.00 in a research note on Thursday, June 29th.
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Unifirst Corporation 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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