UniFirst Co. (NYSE:UNF) Shares Bought by Pullen Investment Management LLC

Pullen Investment Management LLC lifted its position in shares of UniFirst Co. (NYSE:UNF) by 13.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,195 shares of the textile maker’s stock after acquiring an additional 389 shares during the period. Pullen Investment Management LLC’s holdings in UniFirst were worth $635,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets grew its position in shares of UniFirst by 336.5% during the first quarter. BNP Paribas Financial Markets now owns 18,582 shares of the textile maker’s stock worth $3,223,000 after acquiring an additional 14,325 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in UniFirst in the first quarter worth about $693,000. Quantbot Technologies LP acquired a new stake in UniFirst in the first quarter worth about $479,000. M&G Plc acquired a new stake in UniFirst in the first quarter worth about $19,842,000. Finally, Entropy Technologies LP acquired a new stake in UniFirst in the first quarter worth about $272,000. Institutional investors own 78.17% of the company’s stock.

Insider Buying and Selling at UniFirst

In other UniFirst news, Director Michael Iandoli sold 682 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $194.30, for a total value of $132,512.60. Following the completion of the sale, the director now directly owns 4,744 shares of the company’s stock, valued at approximately $921,759.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.74% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Robert W. Baird upped their price objective on shares of UniFirst from $199.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday. StockNews.com raised shares of UniFirst from a “hold” rating to a “buy” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, UniFirst currently has a consensus rating of “Hold” and a consensus price target of $186.25.

UniFirst Trading Down 1.1 %

Shares of NYSE UNF opened at $187.01 on Friday. UniFirst Co. has a twelve month low of $149.58 and a twelve month high of $200.07. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 27.30 and a beta of 0.81. The firm has a 50-day moving average of $188.87 and a two-hundred day moving average of $175.49.

About UniFirst

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.