Vanguard Group Inc. trimmed its position in shares of Vestis Co. (NYSE:VSTS - Free Report) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,213,566 shares of the company's stock after selling 1,351,129 shares during the quarter. Vanguard Group Inc. owned 9.27% of Vestis worth $186,135,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of 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 buying an additional 710 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Vestis by 104.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,000 shares of the company's stock valued at $30,000 after acquiring an additional 1,020 shares during the last quarter. Swiss National Bank increased its stake in Vestis by 0.7% in the fourth quarter. Swiss National Bank now owns 232,750 shares of the company's stock worth $3,547,000 after purchasing an additional 1,700 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Vestis by 3.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 45,687 shares of the company's stock worth $681,000 after purchasing an additional 1,735 shares during the last quarter. Finally, Spire Wealth Management purchased a new stake in shares of Vestis during the fourth quarter valued at $29,000. Institutional investors own 97.40% of the company's stock.
Wall Street Analyst Weigh In
VSTS has been the topic of several recent analyst reports. Barclays reduced their price target on shares of Vestis from $13.00 to $10.00 and set an "underweight" rating on the stock in a research note on Friday, April 4th. The Goldman Sachs Group reduced their target price on shares of Vestis from $15.00 to $13.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, Robert W. Baird decreased their price target on shares of Vestis from $17.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $13.08.
Get Our Latest Stock Report on Vestis
Vestis Stock Down 0.4 %
NYSE VSTS traded down $0.04 during trading on Friday, reaching $7.86. 1,785,898 shares of the company's stock traded hands, compared to its average volume of 2,294,289. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 98.20 and a beta of 1.55. The company's 50 day simple moving average is $11.12 and its two-hundred day simple moving average is $13.83. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.80 and a quick ratio of 1.43. Vestis Co. has a 12-month low of $7.37 and a 12-month high of $19.39.
Vestis (NYSE:VSTS - Get Free Report) last posted its earnings results on Friday, January 31st. The company reported $0.14 earnings per share for the quarter, topping 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 last year, the company earned $0.22 earnings per share. As a group, sell-side analysts forecast that Vestis Co. will post 0.7 EPS for the current fiscal year.
Vestis Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 21st were paid a $0.035 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.14 annualized dividend and a yield of 1.78%. Vestis's dividend payout ratio (DPR) is presently 175.00%.
About Vestis
(
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.
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