Inspire Investing LLC Has $393,000 Stock Holdings in Unifirst Corporation $UNF

Key Points

• Inspire Investing LLC has reduced its stake in UniFirst Corporation by 64.4%, now holding 2,086 shares valued at $393,000 as of its latest SEC filing.
• Several institutional investors have recently increased their holdings in UniFirst, with notable increases from Fifth Third Bancorp, which boosted its stake by 88.7% in the first quarter.
• The latest analyst ratings on UniFirst suggest a consensus of "Reduce" with an average price target of $179.50, and multiple analysts have issued hold or sell ratings on the stock.

Inspire Investing LLC lessened its holdings in Unifirst Corporation (NYSE:UNF - Free Report) by 64.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,086 shares of the textile maker's stock after selling 3,769 shares during the quarter. Inspire Investing LLC's holdings in Unifirst were worth $393,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. SageView Advisory Group LLC boosted its holdings in shares of Unifirst by 4.0% in the 1st quarter. SageView Advisory Group LLC now owns 1,643 shares of the textile maker's stock valued at $286,000 after purchasing an additional 63 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Unifirst by 59.9% in the 1st quarter. GAMMA Investing LLC now owns 227 shares of the textile maker's stock valued at $39,000 after purchasing an additional 85 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of Unifirst by 1.1% in the 1st quarter. DAVENPORT & Co LLC now owns 7,613 shares of the textile maker's stock valued at $1,325,000 after purchasing an additional 86 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Unifirst by 4.1% in the 1st quarter. Cetera Investment Advisers now owns 2,323 shares of the textile maker's stock valued at $404,000 after purchasing an additional 92 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Unifirst by 88.7% during the 1st quarter. Fifth Third Bancorp now owns 266 shares of the textile maker's stock valued at $46,000 after acquiring an additional 125 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Unifirst in a report on Wednesday, October 8th. Robert W. Baird set a $197.00 price objective on Unifirst in a report on Monday, June 30th. Barclays set a $152.00 price objective on Unifirst and gave the company an "underweight" rating in a report on Monday, June 30th. UBS Group cut their price objective on Unifirst from $196.00 to $194.00 and set a "neutral" rating on the stock in a report on Monday, June 30th. Finally, JPMorgan Chase & Co. assumed coverage on Unifirst in a report on Monday, July 14th. They set an "underweight" rating and a $175.00 price objective on the stock. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $179.50.

Unifirst Stock Up 0.6%

Shares of NYSE:UNF opened at $158.44 on Tuesday. The firm has a market cap of $2.94 billion, a P/E ratio of 19.46 and a beta of 0.86. Unifirst Corporation has a 12-month low of $156.34 and a 12-month high of $243.70. The business has a fifty day simple moving average of $171.59 and a 200 day simple moving average of $176.47.

Unifirst Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, September 5th. Unifirst's dividend payout ratio (DPR) is currently 17.20%.

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.

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