SG Americas Securities LLC Sells 720 Shares of UniFirst Co. (NYSE:UNF)

SG Americas Securities LLC decreased its holdings in shares of UniFirst Co. (NYSE:UNF) by 41.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,008 shares of the textile maker’s stock after selling 720 shares during the period. SG Americas Securities LLC’s holdings in UniFirst were worth $200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in UNF. Quarry LP boosted its position in shares of UniFirst by 1,627.3% during the 2nd quarter. Quarry LP now owns 190 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 179 shares in the last quarter. Covestor Ltd boosted its holdings in UniFirst by 69.7% in the first quarter. Covestor Ltd now owns 414 shares of the textile maker’s stock worth $72,000 after acquiring an additional 170 shares in the last quarter. Innealta Capital LLC bought a new position in UniFirst in the second quarter worth approximately $92,000. EntryPoint Capital LLC bought a new position in UniFirst in the first quarter worth approximately $166,000. Finally, Intech Investment Management LLC bought a new position in UniFirst in the second quarter worth approximately $248,000. Institutional investors own 78.17% of the company’s stock.

Insider Activity at UniFirst

In related news, Director Michael Iandoli sold 682 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $194.30, for a total transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.74% of the stock is currently owned by company insiders.

Analyst Ratings Changes

UNF has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price target on UniFirst from $170.00 to $175.00 and gave the stock an “underweight” rating in a report on Thursday, June 27th. Robert W. Baird increased their price objective on UniFirst from $185.00 to $199.00 and gave the stock a “neutral” rating in a research note on Thursday, June 27th. UBS Group increased their price objective on UniFirst from $186.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, June 27th. Finally, StockNews.com raised UniFirst from a “hold” rating to a “buy” rating in a research note on Monday, August 12th. One 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $186.00.

UniFirst Trading Down 0.3 %

Shares of UNF opened at $189.93 on Wednesday. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 27.73 and a beta of 0.81. The stock has a 50 day moving average of $188.55 and a 200 day moving average of $174.93. UniFirst Co. has a 12 month low of $149.58 and a 12 month high of $200.07.

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.