UniFirst Co. (NYSE:UNF) Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its holdings in UniFirst Co. (NYSE:UNF) by 26.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,829 shares of the textile maker’s stock after selling 674 shares during the quarter. Truist Financial Corp’s holdings in UniFirst were worth $314,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its position in UniFirst by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 1,690,940 shares of the textile maker’s stock valued at $309,290,000 after buying an additional 12,138 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of UniFirst during the 4th quarter worth approximately $288,000. Oliver Luxxe Assets LLC acquired a new stake in UniFirst in the 1st quarter valued at approximately $513,000. BNP Paribas Financial Markets raised its position in UniFirst by 336.5% in the first quarter. BNP Paribas Financial Markets now owns 18,582 shares of the textile maker’s stock valued at $3,223,000 after purchasing an additional 14,325 shares during the period. Finally, Pullen Investment Management LLC acquired a new position in UniFirst during the first quarter worth $473,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on UNF shares. JPMorgan Chase & Co. increased their target price on UniFirst from $170.00 to $175.00 and gave the stock an “underweight” rating in a research note on Thursday, June 27th. UBS Group raised their price objective on shares of UniFirst from $186.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, June 27th. Robert W. Baird lifted their price objective on shares of UniFirst from $185.00 to $199.00 and gave the company a “neutral” rating in a report on Thursday, June 27th. Finally, StockNews.com upgraded 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 issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, UniFirst currently has a consensus rating of “Hold” and a consensus price target of $186.00.

UniFirst Stock Performance

Shares of UniFirst stock opened at $193.63 on Friday. The business has a 50-day simple moving average of $188.37 and a 200-day simple moving average of $174.62. UniFirst Co. has a one year low of $149.58 and a one year high of $200.07. The company has a market cap of $3.61 billion, a PE ratio of 28.27 and a beta of 0.81.

Insider Buying and Selling

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

UniFirst 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.