LMR Partners LLP Has $2.39 Million Stake in Vestis Co. (NYSE:VSTS)

LMR Partners LLP increased its holdings in shares of Vestis Co. (NYSE:VSTS - Free Report) by 726.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,528 shares of the company's stock after buying an additional 141,113 shares during the period. LMR Partners LLP owned about 0.12% of Vestis worth $2,392,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VSTS. Capital Performance Advisors LLP acquired a new stake in shares of Vestis in the third quarter valued at about $41,000. Canada Pension Plan Investment Board bought a new position in Vestis during the 2nd quarter worth approximately $44,000. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 2,334 shares during the period. Copeland Capital Management LLC bought a new stake in shares of Vestis in the 3rd quarter valued at $60,000. Finally, nVerses Capital LLC acquired a new stake in shares of Vestis during the second quarter worth $61,000. 97.40% of the stock is owned by institutional investors.

Vestis Trading Down 0.4 %

Shares of NYSE VSTS traded down $0.06 during midday trading on Tuesday, hitting $13.41. 1,630,637 shares of the stock traded hands, compared to its average volume of 2,120,880. The company has a current ratio of 2.37, a quick ratio of 2.02 and a debt-to-equity ratio of 1.67. Vestis Co. has a one year low of $8.92 and a one year high of $22.37. The business has a 50 day moving average price of $14.62 and a two-hundred day moving average price of $13.22.

Wall Street Analysts Forecast Growth

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

About Vestis

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.