UniFirst Corp (UNF) Holdings Boosted by Martingale Asset Management L P

Martingale Asset Management L P raised its stake in UniFirst Corp (NYSE:UNF) by 17.7% during the 1st quarter, Holdings Channel reports. The firm owned 44,605 shares of the textile maker’s stock after acquiring an additional 6,700 shares during the period. Martingale Asset Management L P’s holdings in UniFirst were worth $6,848,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. NumerixS Investment Technologies Inc purchased a new position in UniFirst in the fourth quarter valued at approximately $28,000. KBC Group NV purchased a new position in UniFirst in the fourth quarter valued at approximately $55,000. LS Investment Advisors LLC increased its stake in UniFirst by 95.8% in the fourth quarter. LS Investment Advisors LLC now owns 836 shares of the textile maker’s stock valued at $120,000 after purchasing an additional 409 shares during the last quarter. Quantamental Technologies LLC purchased a new position in UniFirst in the fourth quarter valued at approximately $143,000. Finally, Cambridge Trust Co. purchased a new position in UniFirst in the first quarter valued at approximately $203,000. Institutional investors own 77.07% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of UniFirst from a “sell” rating to a “hold” rating in a research note on Friday, February 8th.

In other news, VP Michael A. Croatti sold 424 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $139.87, for a total value of $59,304.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder The Ronald D. Croatti Trust – 1 sold 5,583 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $139.01, for a total value of $776,092.83. The disclosure for this sale can be found here. Insiders sold 14,467 shares of company stock valued at $2,149,683 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Shares of UniFirst stock opened at $158.61 on Monday. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 21.29 and a beta of 0.68. UniFirst Corp has a 52 week low of $132.38 and a 52 week high of $193.05.

UniFirst (NYSE:UNF) last posted its quarterly earnings data on Wednesday, March 27th. The textile maker reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.15. The business had revenue of $437.50 million during the quarter, compared to the consensus estimate of $434.90 million. UniFirst had a return on equity of 8.89% and a net margin of 8.73%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.38 earnings per share. As a group, equities research analysts anticipate that UniFirst Corp will post 6.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Thursday, June 6th. UniFirst’s payout ratio is currently 6.04%.

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About UniFirst

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. Rental and Cleaning, 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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Institutional Ownership by Quarter for UniFirst (NYSE:UNF)

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