California State Teachers Retirement System raised its holdings in shares of UniFirst Corporation (NYSE:UNF – Free Report) by 31.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 18,267 shares of the textile maker’s stock after buying an additional 4,418 shares during the period. California State Teachers Retirement System’s holdings in UniFirst were worth $4,596,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Burney Co. grew its position in shares of UniFirst by 1.0% in the 1st quarter. Burney Co. now owns 4,329 shares of the textile maker’s stock worth $1,089,000 after acquiring an additional 44 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in UniFirst by 0.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,876 shares of the textile maker’s stock worth $1,326,000 after purchasing an additional 51 shares during the last quarter. American Century Companies Inc. lifted its stake in UniFirst by 2.0% during the second quarter. American Century Companies Inc. now owns 4,027 shares of the textile maker’s stock worth $758,000 after purchasing an additional 78 shares during the last quarter. Panagora Asset Management Inc. increased its stake in UniFirst by 1.3% during the fourth quarter. Panagora Asset Management Inc. now owns 6,238 shares of the textile maker’s stock valued at $1,203,000 after purchasing an additional 78 shares during the last quarter. Finally, Covestor Ltd increased its stake in UniFirst by 11.8% during the fourth quarter. Covestor Ltd now owns 768 shares of the textile maker’s stock valued at $148,000 after purchasing an additional 81 shares during the last quarter. 78.17% of the stock is owned by institutional investors.
UniFirst Trading Up 0.5%
NYSE:UNF opened at $290.35 on Friday. The company has a 50-day moving average of $276.37 and a 200-day moving average of $257.09. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 45.80 and a beta of 0.63. UniFirst Corporation has a twelve month low of $147.66 and a twelve month high of $306.67.
UniFirst Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, September 4th. UniFirst’s dividend payout ratio (DPR) is 23.03%.
Analyst Ratings Changes
UNF has been the topic of a number of research reports. Weiss Ratings cut shares of UniFirst from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 9th. UBS Group set a $262.00 price objective on shares of UniFirst in a research report on Monday, July 6th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $246.67.
Check Out Our Latest Analysis on UNF
UniFirst Company Profile
UniFirst Corporation (NYSE: UNF) is a leading provider of customized uniform rental and facility service programs in North America and Europe. The company specializes in the rental, laundering and maintenance of workwear, corporate apparel and protective garments for a broad range of industries, including manufacturing, automotive, hospitality, healthcare and food processing. UniFirst also offers a suite of facility service products such as entrance mats, restroom supplies, wipers, mops and hygienic services designed to help customers maintain clean and safe environments.
In addition to its core uniform rental business, UniFirst has expanded its product portfolio to include safety and first-responder gear, flame-resistant clothing, high-visibility apparel and personal protective equipment (PPE).
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