Mutual of America Capital Management LLC lifted its position in UniFirst Co. (NYSE:UNF – Get Rating) by 5.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,191 shares of the textile maker’s stock after purchasing an additional 111 shares during the quarter. Mutual of America Capital Management LLC’s holdings in UniFirst were worth $404,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in shares of UniFirst by 90.1% in the fourth quarter. Quadrant Capital Group LLC now owns 154 shares of the textile maker’s stock worth $32,000 after purchasing an additional 73 shares during the last quarter. Signaturefd LLC increased its holdings in shares of UniFirst by 488.2% in the first quarter. Signaturefd LLC now owns 200 shares of the textile maker’s stock worth $37,000 after purchasing an additional 166 shares during the last quarter. Pinebridge Investments L.P. bought a new stake in shares of UniFirst in the fourth quarter worth about $105,000. US Asset Management LLC bought a new stake in shares of UniFirst in the first quarter worth about $115,000. Finally, Park Avenue Securities LLC purchased a new position in UniFirst in the first quarter worth about $214,000. 77.61% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on UNF shares. StockNews.com lowered UniFirst from a “buy” rating to a “hold” rating in a research report on Saturday, May 21st. Robert W. Baird dropped their price target on UniFirst from $213.00 to $195.00 in a research report on Wednesday, May 18th.
UniFirst Price Performance
UniFirst (NYSE:UNF – Get Rating) last announced its earnings results on Wednesday, June 29th. The textile maker reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.16). UniFirst had a net margin of 5.74% and a return on equity of 6.86%. The business had revenue of $511.50 million for the quarter, compared to analysts’ expectations of $500.61 million. During the same quarter last year, the firm earned $2.21 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. Equities research analysts expect that UniFirst Co. will post 6.76 EPS for the current fiscal year.
UniFirst Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a $1.20 annualized dividend and a dividend yield of 0.61%. UniFirst’s dividend payout ratio (DPR) is presently 20.37%.
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.
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