Nvest Financial LLC purchased a new stake in shares of UniFirst Co. (NYSE:UNF – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,020 shares of the textile maker’s stock, valued at approximately $203,000.
Several other large investors have also recently added to or reduced their stakes in UNF. Vanguard Group Inc. raised its holdings in shares of UniFirst by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,695,590 shares of the textile maker’s stock worth $294,066,000 after purchasing an additional 4,650 shares during the period. Dimensional Fund Advisors LP raised its stake in UniFirst by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 737,003 shares of the textile maker’s stock worth $126,418,000 after acquiring an additional 23,069 shares during the period. Victory Capital Management Inc. lifted its holdings in UniFirst by 8.9% in the second quarter. Victory Capital Management Inc. now owns 622,048 shares of the textile maker’s stock worth $106,700,000 after acquiring an additional 51,088 shares during the last quarter. American Century Companies Inc. boosted its stake in UniFirst by 25.9% in the second quarter. American Century Companies Inc. now owns 173,315 shares of the textile maker’s stock valued at $29,729,000 after acquiring an additional 35,604 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of UniFirst by 17.6% during the second quarter. Envestnet Asset Management Inc. now owns 144,090 shares of the textile maker’s stock valued at $24,716,000 after purchasing an additional 21,547 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
UNF has been the topic of several recent research reports. Robert W. Baird raised their price target on UniFirst from $185.00 to $199.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th. StockNews.com raised shares of UniFirst from a “hold” rating to a “buy” rating in a report on Monday, August 12th. JPMorgan Chase & Co. increased their price objective on shares of UniFirst from $170.00 to $175.00 and gave the stock an “underweight” rating in a report on Thursday, June 27th. Finally, UBS Group boosted their target price on shares of UniFirst from $186.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, UniFirst presently has a consensus rating of “Hold” and an average price target of $186.00.
Insider Transactions at UniFirst
In other news, Director Michael Iandoli sold 682 shares of UniFirst stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $194.30, for a total value of $132,512.60. Following the transaction, the director now owns 4,744 shares of the company’s stock, valued at $921,759.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other UniFirst news, EVP William Masters Ross sold 225 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $180.67, for a total transaction of $40,650.75. Following the completion of the sale, the executive vice president now directly owns 4,034 shares of the company’s stock, valued at approximately $728,822.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Iandoli sold 682 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $194.30, for a total transaction of $132,512.60. Following the completion of the sale, the director now owns 4,744 shares of the company’s stock, valued at approximately $921,759.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,457 shares of company stock valued at $269,413. Corporate insiders own 0.74% of the company’s stock.
UniFirst Stock Performance
Shares of NYSE:UNF traded up $3.17 on Friday, hitting $187.71. The company’s stock had a trading volume of 14,750 shares, compared to its average volume of 87,198. UniFirst Co. has a 12 month low of $149.58 and a 12 month high of $200.07. The stock’s 50-day moving average is $187.48 and its two-hundred day moving average is $173.75. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 26.95 and a beta of 0.81.
UniFirst Profile
UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.
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