UniFirst Corp (UNF) : Royce Associates Lp reduced its stake in UniFirst Corp by 20.32% during the most recent quarter end. The investment management company now holds a total of 1,692,439 shares of UniFirst Corp which is valued at $188.8 Million after selling 431,654 shares in UniFirst Corp , the firm said in a disclosure report filed with the SEC on May 11, 2016.UniFirst Corp makes up approximately 1.22% of Royce Associates Lp’s portfolio.
Other Hedge Funds, Including , Picton Mahoney Asset Management reduced its stake in UNF by selling 1,300 shares or 6.1% in the most recent quarter. The Hedge Fund company now holds 20,000 shares of UNF which is valued at $2.2 Million. UniFirst Corp makes up approx 0.15% of Picton Mahoney Asset Management’s portfolio. Alps Advisors Inc sold out all of its stake in UNF during the most recent quarter. The investment firm sold 4,446 shares of UNF which is valued $495,907.Johnson Financial Group reduced its stake in UNF by selling 175 shares or 32.71% in the most recent quarter. The Hedge Fund company now holds 360 shares of UNF which is valued at $40,154. UniFirst Corp makes up approx 0.01% of Johnson Financial Group’s portfolio.State Of Wisconsin Investment Board boosted its stake in UNF in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 19,976 shares of UniFirst Corp which is valued at $2.2 Million. UniFirst Corp makes up approx 0.01% of State Of Wisconsin Investment Board’s portfolio.
UniFirst Corp opened for trading at $111.89 and hit $112.5 on the upside on Monday, eventually ending the session at $111.77, with a gain of 0.21% or 0.23 points. The heightened volatility saw the trading volume jump to 1,00,472 shares. Company has a market cap of $2,251 M.
On the company’s financial health, UniFirst Corp reported $1.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Mar 30, 2016. Analyst had a consensus of $1.26. The company had revenue of $363.10 million for the quarter, compared to analysts expectations of $362.62 million. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS.
Investors should note that on Apr 6, 2016, UniFirst Corp announced a cash dividend of $0.0375. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jul 1, 2016.
UniFirst Corporation (UniFirst) is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs manufactures personalizes rents cleans delivers and sells a range of uniforms and protective clothing including shirts pants jackets coveralls lab coats smocks aprons and specialized protective wear such as flame resistant and high visibility garments. The Company operates in five reporting segments: US and Canadian Rental and Cleaning Manufacturing (MFG) Specialty Garments Rental and Cleaning (Specialty Garments) First Aid and Corporate. It also rents industrial wiping products floor mats facility service products other non-garment items and provides restroom and cleaning supplies and first aid cabinet services and other safety supplies to a variety of manufacturers retailers and service companies. It serves businesses of all sizes in numerous industry categories.