Sasco Capital Inc. CT Cuts Stake in Vestis Co. (NYSE:VSTS)

Sasco Capital Inc. CT trimmed its stake in shares of Vestis Co. (NYSE:VSTS - Free Report) by 14.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,447,195 shares of the company's stock after selling 244,475 shares during the period. Vestis accounts for 3.2% of Sasco Capital Inc. CT's holdings, making the stock its 12th biggest position. Sasco Capital Inc. CT owned about 1.10% of Vestis worth $21,563,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of VSTS. Louisiana State Employees Retirement System lifted its stake in Vestis by 1.5% in 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 lifted its position in shares of Vestis by 51.9% in the third quarter. KBC Group NV now owns 4,741 shares of the company's stock valued at $71,000 after acquiring an additional 1,619 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Vestis by 9.6% in the second quarter. Crossmark Global Holdings Inc. now owns 21,747 shares of the company's stock worth $266,000 after acquiring an additional 1,900 shares during the last quarter. Everence Capital Management Inc. increased its position in shares of Vestis by 17.5% during the third quarter. Everence Capital Management Inc. now owns 14,210 shares of the company's stock worth $212,000 after purchasing an additional 2,120 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Vestis by 143.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,960 shares of the company's stock valued at $59,000 after purchasing an additional 2,334 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Vestis Trading Down 0.4 %

Shares of Vestis stock traded down $0.06 during trading hours on Tuesday, hitting $13.41. The company's stock had a trading volume of 1,630,637 shares, compared to its average volume of 2,120,880. The company has a debt-to-equity ratio of 1.67, a quick ratio of 2.02 and a current ratio of 2.37. Vestis Co. has a twelve month low of $8.92 and a twelve month high of $22.37. The firm has a fifty day moving average of $14.62 and a 200-day moving average of $13.22.

Analyst Ratings Changes

VSTS has been the topic of several research reports. Robert W. Baird downgraded shares of Vestis from an "outperform" rating to a "neutral" rating and set a $13.00 price target on the stock. in a research note on Thursday, August 8th. Baird R W cut Vestis from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 8th. Finally, The Goldman Sachs Group lifted their price objective on Vestis from $12.50 to $13.80 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $16.69.

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.