Vestis Co. (NYSE:VSTS) Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its stake in shares of Vestis Co. (NYSE:VSTS - Free Report) by 335.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,578 shares of the company's stock after acquiring an additional 55,149 shares during the quarter. Cerity Partners LLC owned 0.05% of Vestis worth $1,067,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Louisiana State Employees Retirement System lifted its position in shares of Vestis by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 66,100 shares of the company's stock valued at $808,000 after buying an additional 1,000 shares in the last quarter. KBC Group NV increased its stake in shares of Vestis by 51.9% during the third quarter. KBC Group NV now owns 4,741 shares of the company's stock worth $71,000 after purchasing an additional 1,619 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Vestis by 9.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 21,747 shares of the company's stock worth $266,000 after purchasing an additional 1,900 shares during the last quarter. Everence Capital Management Inc. lifted its stake in Vestis by 17.5% in the 3rd quarter. Everence Capital Management Inc. now owns 14,210 shares of the company's stock valued at $212,000 after buying an additional 2,120 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Vestis by 143.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,960 shares of the company's stock worth $59,000 after buying an additional 2,334 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Vestis Trading Down 0.4 %

Vestis stock traded down $0.06 during mid-day trading on Thursday, hitting $16.30. The company's stock had a trading volume of 1,558,052 shares, compared to its average volume of 2,128,913. Vestis Co. has a 1 year low of $8.92 and a 1 year high of $22.37. The company has a current ratio of 1.73, a quick ratio of 1.36 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $2.14 billion, a PE ratio of 102.26 and a beta of 1.17. The stock's fifty day moving average is $14.74 and its two-hundred day moving average is $13.56.

Vestis (NYSE:VSTS - Get Free Report) last posted its earnings results on Thursday, November 21st. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). Vestis had a net margin of 0.75% and a return on equity of 9.07%. The company had revenue of $684.28 million during the quarter, compared to analyst estimates of $693.54 million. The firm's quarterly revenue was down 4.4% compared to the same quarter last year. On average, analysts anticipate that Vestis Co. will post 0.66 EPS for the current year.

Vestis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Friday, December 13th. Vestis's dividend payout ratio (DPR) is 87.51%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on Vestis from $13.60 to $15.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Robert W. Baird cut shares of Vestis from an "outperform" rating to a "neutral" rating and set a $13.00 target price for the company. in a research report on Thursday, August 8th. Baird R W lowered shares of Vestis from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 8th. Barclays increased their price objective on shares of Vestis from $10.00 to $13.00 and gave the company an "underweight" rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. boosted their target price on Vestis from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Vestis has a consensus rating of "Hold" and an average price target of $16.91.

Vestis 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.