Quinn Opportunity Partners LLC purchased a new stake in shares of Vestis Co. (NYSE:VSTS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 42,000 shares of the company's stock, valued at approximately $640,000.
Several other hedge funds have also bought and sold shares of the stock. Spire Wealth Management bought a new position in shares of Vestis during the fourth quarter valued at approximately $29,000. Nomura Asset Management Co. Ltd. boosted its holdings 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 acquiring an additional 1,020 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Vestis by 548.6% in the 4th 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 period. GAMMA Investing LLC boosted its holdings in shares of 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 acquiring an additional 710 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Vestis in the 4th quarter valued at about $93,000. Hedge funds and other institutional investors own 97.40% of the company's stock.
Vestis Trading Down 2.7 %
Shares of VSTS stock traded down $0.22 on Tuesday, reaching $7.76. The company had a trading volume of 1,610,656 shares, compared to its average volume of 2,297,125. The stock has a market cap of $1.02 billion, a PE ratio of 97.06 and a beta of 1.55. The company has a 50-day moving average of $11.01 and a 200-day moving average of $13.77. The company has a current ratio of 1.80, a quick ratio of 1.43 and a debt-to-equity ratio of 1.39. Vestis Co. has a 12 month low of $7.37 and a 12 month high of $19.11.
Vestis (NYSE:VSTS - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.14 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 period in the prior year, the firm earned $0.22 earnings per share. On average, equities analysts forecast that Vestis Co. will post 0.7 earnings per share for the current year.
Vestis Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 21st were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Friday, February 21st. Vestis's dividend payout ratio is presently 175.00%.
Wall Street Analyst Weigh In
Several research firms have commented on VSTS. Barclays cut their price objective on Vestis from $13.00 to $10.00 and set an "underweight" rating for the company in a research note on Friday, April 4th. The Goldman Sachs Group reduced their price objective on Vestis from $15.00 to $13.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, Robert W. Baird cut their target price on Vestis from $17.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, Vestis has an average rating of "Hold" and a consensus price target of $13.08.
Read Our Latest Report on VSTS
Vestis Company Profile
(
Free Report)
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.
Featured Stories
Before you consider Vestis, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vestis wasn't on the list.
While Vestis currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
