UniFirst Co. (NYSE:UNF) Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC increased its position in shares of UniFirst Co. (NYSE:UNF) by 291.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 466 shares of the textile maker’s stock after acquiring an additional 347 shares during the quarter. TD Private Client Wealth LLC’s holdings in UniFirst were worth $93,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its position in UniFirst by 16.5% during the third quarter. First Horizon Advisors Inc. now owns 367 shares of the textile maker’s stock worth $73,000 after acquiring an additional 52 shares during the last quarter. FMR LLC boosted its position in UniFirst by 3.1% during the third quarter. FMR LLC now owns 1,936 shares of the textile maker’s stock worth $385,000 after acquiring an additional 58 shares during the last quarter. GAMMA Investing LLC boosted its position in UniFirst by 60.5% during the third quarter. GAMMA Investing LLC now owns 183 shares of the textile maker’s stock worth $36,000 after acquiring an additional 69 shares during the last quarter. Arizona State Retirement System boosted its position in UniFirst by 1.9% during the second quarter. Arizona State Retirement System now owns 4,231 shares of the textile maker’s stock worth $726,000 after acquiring an additional 78 shares during the last quarter. Finally, Pullen Investment Management LLC boosted its position in UniFirst by 2.9% during the second quarter. Pullen Investment Management LLC now owns 2,806 shares of the textile maker’s stock worth $481,000 after acquiring an additional 79 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Activity

In other news, major shareholder The Ronald D. Croatti Trust – 1 sold 9,500 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $190.97, for a total value of $1,814,215.00. Following the transaction, the insider now owns 17,390 shares of the company’s stock, valued at approximately $3,320,968.30. This trade represents a 35.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Steven S. Sintros sold 3,207 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $193.04, for a total transaction of $619,079.28. Following the completion of the transaction, the chief executive officer now directly owns 22,571 shares in the company, valued at approximately $4,357,105.84. This represents a 12.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,294 shares of company stock valued at $2,546,632. Company insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. StockNews.com downgraded shares of UniFirst from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 28th. Robert W. Baird increased their price target on shares of UniFirst from $199.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, UniFirst currently has an average rating of “Hold” and a consensus price target of $186.25.

UniFirst Trading Down 1.4 %

Shares of UNF stock opened at $190.05 on Monday. The company’s fifty day simple moving average is $193.27 and its 200-day simple moving average is $183.59. UniFirst Co. has a 52 week low of $149.58 and a 52 week high of $208.20. The company has a market cap of $3.53 billion, a PE ratio of 24.46 and a beta of 0.84.

UniFirst Increases Dividend

The firm also recently announced 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Friday, December 6th. This is an increase from UniFirst’s previous quarterly dividend of $0.33. UniFirst’s dividend payout ratio (DPR) is currently 18.02%.

UniFirst 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.