Steven S. Sintros Sells 3,207 Shares of UniFirst Co. (NYSE:UNF) Stock

UniFirst Co. (NYSE:UNF) CEO Steven S. Sintros sold 3,207 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $193.04, for a total transaction of $619,079.28. Following the sale, the chief executive officer now directly owns 22,571 shares in the company, valued at approximately $4,357,105.84. The trade was a 12.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

UniFirst Trading Up 2.1 %

UniFirst stock opened at $200.23 on Friday. UniFirst Co. has a 12-month low of $149.58 and a 12-month high of $205.38. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 25.77 and a beta of 0.82. The firm has a 50 day moving average of $191.32 and a 200 day moving average of $179.88.

UniFirst Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, December 6th. This is a boost from UniFirst’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.70%. UniFirst’s dividend payout ratio is 18.02%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on UNF shares. Robert W. Baird increased their target price on UniFirst from $199.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. StockNews.com raised shares of UniFirst from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $186.25.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quarry LP increased its stake in UniFirst by 1,627.3% in the 2nd quarter. Quarry LP now owns 190 shares of the textile maker’s stock worth $33,000 after buying an additional 179 shares in the last quarter. GAMMA Investing LLC raised its stake in UniFirst by 60.5% during the 3rd quarter. GAMMA Investing LLC now owns 183 shares of the textile maker’s stock valued at $36,000 after purchasing an additional 69 shares during the period. Covestor Ltd lifted its holdings in UniFirst by 69.7% in the 1st quarter. Covestor Ltd now owns 414 shares of the textile maker’s stock worth $72,000 after purchasing an additional 170 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in UniFirst by 16.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 367 shares of the textile maker’s stock worth $73,000 after purchasing an additional 52 shares during the period. Finally, Innealta Capital LLC purchased a new stake in UniFirst during the 2nd quarter valued at approximately $92,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

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. 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.