Marshall Wace LLP Grows Holdings in Vestis Co. (NYSE:VSTS)

Marshall Wace LLP increased its stake in shares of Vestis Co. (NYSE:VSTS - Free Report) by 35.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,595,446 shares of the company's stock after buying an additional 421,297 shares during the quarter. Marshall Wace LLP owned about 1.21% of Vestis worth $24,315,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Spire Wealth Management acquired a new stake in Vestis in the fourth quarter valued at approximately $29,000. Smartleaf Asset Management LLC boosted its position in Vestis by 548.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,510 shares of the company's stock valued at $38,000 after acquiring an additional 2,123 shares during the last quarter. GAMMA Investing LLC grew its stake in Vestis by 17.9% during 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 period. Quantbot Technologies LP bought a new stake in shares of Vestis in the 4th quarter valued at $93,000. Finally, Sterling Capital Management LLC increased its stake in Vestis by 45.9% in the fourth quarter. Sterling Capital Management LLC now owns 7,882 shares of the company's stock valued at $120,000 after purchasing an additional 2,479 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

VSTS has been the topic of a number of research reports. Robert W. Baird dropped their price target on Vestis from $17.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. The Goldman Sachs Group cut their target price on Vestis from $15.00 to $13.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Finally, Barclays reduced their price objective on shares of Vestis from $13.00 to $10.00 and set an "underweight" rating for the company in a report on Friday, April 4th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $13.08.

Vestis Stock Performance

NYSE VSTS traded down $0.04 during trading hours on Friday, reaching $8.78. 283,520 shares of the company were exchanged, compared to its average volume of 2,020,796. Vestis Co. has a 1 year low of $7.35 and a 1 year high of $18.99. 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 50 day simple moving average is $10.08 and its 200-day simple moving average is $13.40. The stock has a market capitalization of $1.16 billion, a P/E ratio of 109.83 and a beta of 1.55.

Vestis (NYSE:VSTS - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. Vestis had a net margin of 0.34% and a return on equity of 7.91%. During the same quarter in the prior year, the firm earned $0.22 EPS. On average, equities research analysts expect that Vestis Co. will post 0.7 earnings per share for the current 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 1.59%. The ex-dividend date of this dividend was Friday, February 21st. Vestis's payout ratio is currently 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.