CenterBook Partners LP Cuts Stock Position in Vestis Co. (NYSE:VSTS)

CenterBook Partners LP decreased its holdings in shares of Vestis Co. (NYSE:VSTS - Free Report) by 74.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,022 shares of the company's stock after selling 155,074 shares during the period. CenterBook Partners LP's holdings in Vestis were worth $793,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in VSTS. GAMMA Investing LLC boosted its position in Vestis by 17.9% in the fourth quarter. GAMMA Investing LLC now owns 4,670 shares of the company's stock worth $71,000 after purchasing an additional 710 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Vestis by 104.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,000 shares of the company's stock valued at $30,000 after purchasing an additional 1,020 shares during the period. Bank of Montreal Can lifted its stake in shares of Vestis by 11.1% during the 4th quarter. Bank of Montreal Can now owns 15,315 shares of the company's stock valued at $233,000 after buying an additional 1,534 shares in the last quarter. Swiss National Bank boosted its holdings in Vestis by 0.7% in the 4th quarter. Swiss National Bank now owns 232,750 shares of the company's stock worth $3,547,000 after buying an additional 1,700 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Vestis by 3.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 45,687 shares of the company's stock valued at $681,000 after buying an additional 1,735 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

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Vestis Price Performance

NYSE:VSTS traded down $0.22 during trading hours on Tuesday, hitting $7.76. 1,610,656 shares of the company's stock traded hands, compared to its average volume of 2,297,125. The firm has a market cap of $1.02 billion, a P/E ratio of 97.06 and a beta of 1.55. The company has a quick ratio of 1.43, a current ratio of 1.80 and a debt-to-equity ratio of 1.39. The business's fifty day simple moving average is $11.01 and its two-hundred day simple moving average is $13.77. Vestis Co. has a 52 week low of $7.37 and a 52 week high of $19.11.

Vestis (NYSE:VSTS - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the firm posted $0.22 earnings per share. On average, research analysts anticipate that Vestis Co. will post 0.7 earnings per share for the current fiscal year.

Vestis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 21st were issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Friday, February 21st. Vestis's payout ratio is 175.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays cut their price target on Vestis from $13.00 to $10.00 and set an "underweight" rating for the company in a report on Friday, April 4th. The Goldman Sachs Group reduced their target price on Vestis from $15.00 to $13.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, Robert W. Baird decreased their price target on Vestis from $17.00 to $13.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $13.08.

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.