Prudential Financial Inc. Has $10.21 Million Stake in UniFirst Corp (UNF)

Prudential Financial Inc. grew its position in UniFirst Corp (NYSE:UNF) by 41.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,789 shares of the textile maker’s stock after buying an additional 17,163 shares during the quarter. Prudential Financial Inc.’s holdings in UniFirst were worth $10,209,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of UniFirst by 6.6% during the 2nd quarter. BlackRock Inc. now owns 2,111,515 shares of the textile maker’s stock valued at $373,529,000 after purchasing an additional 131,353 shares during the last quarter. Northern Trust Corp grew its holdings in UniFirst by 0.8% during the 2nd quarter. Northern Trust Corp now owns 318,869 shares of the textile maker’s stock worth $56,407,000 after acquiring an additional 2,453 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in UniFirst during the 2nd quarter worth approximately $701,000. Schwab Charles Investment Management Inc. grew its holdings in UniFirst by 7.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 119,025 shares of the textile maker’s stock worth $21,056,000 after acquiring an additional 8,254 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in UniFirst by 3.5% during the 3rd quarter. Wells Fargo & Company MN now owns 106,124 shares of the textile maker’s stock worth $18,428,000 after acquiring an additional 3,578 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

NYSE:UNF opened at $146.09 on Wednesday. UniFirst Corp has a 52 week low of $143.68 and a 52 week high of $193.05. The firm has a market capitalization of $2.96 billion, a PE ratio of 19.61 and a beta of 0.77.

UniFirst (NYSE:UNF) last posted its quarterly earnings data on Wednesday, October 17th. The textile maker reported $2.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.42. UniFirst had a net margin of 9.33% and a return on equity of 8.54%. The company had revenue of $434.10 million for the quarter, compared to analyst estimates of $421.45 million. During the same period in the prior year, the firm posted $1.44 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that UniFirst Corp will post 7.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Friday, December 7th will be paid a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, December 6th. UniFirst’s dividend payout ratio is currently 6.04%.

In other news, major shareholder The Ronald D. Croatti Trust – 1 sold 2,200 shares of the company’s stock in a transaction on Wednesday, October 17th. The shares were sold at an average price of $152.65, for a total value of $335,830.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders sold 6,600 shares of company stock worth $1,067,110. Insiders own 1.00% of the company’s stock.

A number of equities research analysts have weighed in on UNF shares. Zacks Investment Research lowered shares of UniFirst from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. ValuEngine lowered shares of UniFirst from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Finally, Robert W. Baird set a $170.00 target price on shares of UniFirst and gave the stock a “buy” rating in a report on Thursday, October 18th.

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UniFirst Profile

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Canada, and Europe. It operates through US Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. 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, 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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