Trexquant Investment LP Acquires Shares of 141,386 Vestis Co. (NYSE:VSTS)

Trexquant Investment LP bought a new stake in Vestis Co. (NYSE:VSTS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 141,386 shares of the company's stock, valued at approximately $2,155,000. Trexquant Investment LP owned 0.11% of Vestis as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in VSTS. Spire Wealth Management bought a new stake in shares of Vestis in the 4th quarter worth approximately $29,000. Nomura Asset Management Co. Ltd. lifted its position in Vestis by 104.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,000 shares of the company's stock worth $30,000 after purchasing an additional 1,020 shares during the period. Smartleaf Asset Management LLC boosted its stake in Vestis by 548.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,510 shares of the company's stock worth $38,000 after buying an additional 2,123 shares in the last quarter. GAMMA Investing LLC increased its holdings in Vestis by 17.9% in the 4th quarter. GAMMA Investing LLC now owns 4,670 shares of the company's stock valued at $71,000 after buying an additional 710 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Vestis in the 4th quarter valued at $93,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on VSTS shares. Robert W. Baird lowered their target price on shares of Vestis from $17.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Barclays lowered their price objective on Vestis from $13.00 to $10.00 and set an "underweight" rating on the stock in a research note on Friday, April 4th. Finally, The Goldman Sachs Group decreased their price target on Vestis from $15.00 to $13.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat, Vestis presently has an average rating of "Hold" and a consensus target price of $13.08.

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Vestis Price Performance

Shares of NYSE:VSTS traded up $0.18 during trading on Monday, reaching $8.05. The stock had a trading volume of 81,941 shares, compared to its average volume of 2,290,374. The stock has a market capitalization of $1.06 billion, a PE ratio of 100.64 and a beta of 1.55. Vestis Co. has a 52 week low of $7.37 and a 52 week high of $19.34. The business's 50-day moving average price is $11.12 and its 200 day moving average price is $13.82. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.80 and a quick ratio of 1.43.

Vestis (NYSE:VSTS - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. Vestis had a return on equity of 7.91% and a net margin of 0.34%. During the same period last year, the company earned $0.22 EPS. As a group, equities analysts predict that Vestis Co. will post 0.7 earnings per share for the current year.

Vestis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 21st were given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.74%. The ex-dividend date was Friday, February 21st. Vestis's payout ratio is presently 175.00%.

Vestis Company Profile

Vestis Corporation provides uniform rentals and workplace supplies in the United States and Canada. Its products include uniform options, such as shirts, pants, outerwear, gowns, scrubs, high visibility garments, particulate-free garments, and flame-resistant garments, as well as shoes and accessories; and workplace supplies, including managed restroom supply services, first-aid supplies and safety products, floor mats, towels, and linens.