Oliver Luxxe Assets LLC Makes New $513,000 Investment in UniFirst Co. (NYSE:UNF)

Oliver Luxxe Assets LLC purchased a new position in shares of UniFirst Co. (NYSE:UNF) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,958 shares of the textile maker’s stock, valued at approximately $513,000.

Several other large investors also recently bought and sold shares of the stock. Eagle Bay Advisors LLC boosted its position in shares of UniFirst by 78.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 171 shares of the textile maker’s stock worth $31,000 after acquiring an additional 75 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of UniFirst during the 4th quarter worth about $80,000. Quest Partners LLC acquired a new position in shares of UniFirst during the 4th quarter worth about $82,000. Orion Capital Management LLC acquired a new position in shares of UniFirst during the 3rd quarter worth about $99,000. Finally, SRS Capital Advisors Inc. boosted its position in shares of UniFirst by 22.1% during the 3rd quarter. SRS Capital Advisors Inc. now owns 707 shares of the textile maker’s stock worth $115,000 after acquiring an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Activity at UniFirst

In other UniFirst news, major shareholder Cecelia Levenstein sold 11,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $158.73, for a total transaction of $1,746,030.00. Following the completion of the sale, the insider now directly owns 87,558 shares of the company’s stock, valued at approximately $13,898,081.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other UniFirst news, major shareholder Cecelia Levenstein sold 11,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $158.73, for a total transaction of $1,746,030.00. Following the completion of the sale, the insider now directly owns 87,558 shares of the company’s stock, valued at approximately $13,898,081.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael A. Croatti sold 1,800 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $169.00, for a total value of $304,200.00. Following the sale, the vice president now directly owns 5,747 shares of the company’s stock, valued at $971,243. The disclosure for this sale can be found here. Insiders sold a total of 28,033 shares of company stock valued at $4,398,882 in the last three months. 0.74% of the stock is currently owned by company insiders.

UniFirst Stock Down 0.0 %

Shares of NYSE UNF opened at $171.49 on Tuesday. The stock has a market cap of $3.20 billion, a PE ratio of 25.04 and a beta of 0.81. UniFirst Co. has a 52-week low of $149.58 and a 52-week high of $187.22. The business has a 50-day moving average price of $161.06 and a 200 day moving average price of $166.89.

UniFirst Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were given a $0.33 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.77%. UniFirst’s dividend payout ratio (DPR) is presently 19.27%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on UNF shares. UBS Group upped their price objective on UniFirst from $186.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, June 27th. JPMorgan Chase & Co. upped their price objective on UniFirst from $170.00 to $175.00 and gave the stock an “underweight” rating in a research report on Thursday, June 27th. Robert W. Baird upped their price objective on UniFirst from $185.00 to $199.00 and gave the stock a “neutral” rating in a research report on Thursday, June 27th. Finally, StockNews.com raised UniFirst from a “hold” rating to a “buy” rating in a research report on Tuesday, May 21st. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $186.00.

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.