Marshall Wace LLP Purchases Shares of 28,637 UniFirst Corp (NYSE:UNF)

Marshall Wace LLP purchased a new position in shares of UniFirst Corp (NYSE:UNF) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 28,637 shares of the textile maker’s stock, valued at approximately $4,396,000. Marshall Wace LLP owned 0.15% of UniFirst at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UNF. BlackRock Inc. increased its holdings in UniFirst by 0.4% during the first quarter. BlackRock Inc. now owns 2,233,667 shares of the textile maker’s stock worth $342,868,000 after buying an additional 9,151 shares during the last quarter. Janus Henderson Group PLC lifted its position in UniFirst by 24.0% during the first quarter. Janus Henderson Group PLC now owns 714,003 shares of the textile maker’s stock worth $109,599,000 after purchasing an additional 138,172 shares during the period. Royce & Associates LP lifted its position in UniFirst by 8.0% during the fourth quarter. Royce & Associates LP now owns 591,414 shares of the textile maker’s stock worth $84,614,000 after purchasing an additional 43,758 shares during the period. Victory Capital Management Inc. lifted its position in UniFirst by 6.0% during the first quarter. Victory Capital Management Inc. now owns 549,351 shares of the textile maker’s stock worth $84,325,000 after purchasing an additional 31,210 shares during the period. Finally, Northern Trust Corp lifted its position in UniFirst by 0.4% during the fourth quarter. Northern Trust Corp now owns 316,855 shares of the textile maker’s stock worth $45,332,000 after purchasing an additional 1,179 shares during the period. Institutional investors own 77.04% of the company’s stock.

Shares of NYSE UNF traded down $2.61 during mid-day trading on Friday, reaching $185.70. 141,116 shares of the company’s stock were exchanged, compared to its average volume of 150,363. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 24.93 and a beta of 0.74. UniFirst Corp has a 52 week low of $132.38 and a 52 week high of $191.99. The stock has a 50-day moving average price of $171.74.

UniFirst (NYSE:UNF) last announced its quarterly earnings data on Wednesday, June 26th. The textile maker reported $2.46 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.76. UniFirst had a return on equity of 9.67% and a net margin of 9.21%. The company had revenue of $453.72 million during the quarter, compared to analyst estimates of $441.70 million. During the same quarter last year, the firm posted $1.85 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, analysts forecast that UniFirst Corp will post 7.66 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Thursday, September 5th. UniFirst’s payout ratio is presently 6.04%.

In related news, VP David A. Difillippo sold 874 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $157.76, for a total value of $137,882.24. Following the completion of the sale, the vice president now owns 11,162 shares in the company, valued at approximately $1,760,917.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David A. Difillippo sold 883 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $157.85, for a total value of $139,381.55. Following the completion of the sale, the vice president now owns 11,162 shares of the company’s stock, valued at approximately $1,761,921.70. The disclosure for this sale can be found here. Insiders have sold a total of 7,511 shares of company stock valued at $1,168,858 in the last ninety days. Insiders own 1.00% of the company’s stock.

Several research firms have recently issued reports on UNF. JPMorgan Chase & Co. downgraded Sogou from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $5.50 to $4.12 in a research note on Thursday, June 27th. Zacks Investment Research reaffirmed a “hold” rating on shares of Western New England Bancorp in a research note on Saturday, June 29th. Finally, ValuEngine raised shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th.

UniFirst Company Profile

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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