UniFirst Co. (NYSE:UNF) VP David Martin Katz Sells 587 Shares of Stock

UniFirst Co. (NYSE:UNF) VP David Martin Katz sold 587 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $193.08, for a total transaction of $113,337.96. Following the sale, the vice president now owns 5,625 shares of the company’s stock, valued at approximately $1,086,075. This represents a 9.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

UniFirst Trading Up 2.1 %

Shares of UNF opened at $200.22 on Friday. The firm has a market cap of $3.72 billion, a PE ratio of 25.77 and a beta of 0.82. The firm has a fifty day simple moving average of $191.10 and a two-hundred day simple moving average of $179.49. UniFirst Co. has a 1-year low of $149.58 and a 1-year high of $205.38.

UniFirst Increases Dividend

The business 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. This represents a $1.40 annualized dividend and a dividend yield of 0.70%. This is a positive change from UniFirst’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, December 6th. UniFirst’s dividend payout ratio is 16.99%.

Analyst Ratings Changes

UNF has been the subject of several recent research reports. StockNews.com upgraded shares of UniFirst from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Robert W. Baird upped their price objective on UniFirst from $199.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, UniFirst currently has an average rating of “Hold” and a consensus price target of $186.25.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. TD Private Client Wealth LLC boosted its holdings in UniFirst by 291.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 466 shares of the textile maker’s stock worth $93,000 after buying an additional 347 shares during the period. Geode Capital Management LLC boosted its holdings in UniFirst by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 349,298 shares of the textile maker’s stock worth $69,401,000 after buying an additional 4,136 shares during the period. Barclays PLC boosted its holdings in UniFirst by 464.6% in the 3rd quarter. Barclays PLC now owns 41,220 shares of the textile maker’s stock worth $8,188,000 after buying an additional 33,919 shares during the period. Y Intercept Hong Kong Ltd bought a new position in UniFirst in the 3rd quarter worth $301,000. Finally, MML Investors Services LLC boosted its holdings in UniFirst by 9.0% in the 3rd quarter. MML Investors Services LLC now owns 8,231 shares of the textile maker’s stock worth $1,635,000 after buying an additional 679 shares during the period. 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.