Annex Advisory Services LLC Raises Stake in Vestis Co. (NYSE:VSTS)

Annex Advisory Services LLC lifted its position in Vestis Co. (NYSE:VSTS - Free Report) by 13.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 293,899 shares of the company's stock after purchasing an additional 34,951 shares during the period. Annex Advisory Services LLC owned 0.22% of Vestis worth $4,479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Merit Financial Group LLC purchased a new position in Vestis during the 4th quarter valued at about $234,000. Pallas Capital Advisors LLC raised its stake in shares of Vestis by 13.9% during the 4th quarter. Pallas Capital Advisors LLC now owns 26,868 shares of the company's stock worth $409,000 after acquiring an additional 3,287 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Vestis by 3.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 45,687 shares of the company's stock valued at $681,000 after acquiring an additional 1,735 shares during the last quarter. GAMMA Investing LLC increased its position in shares of 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 in the last quarter. Finally, Franklin Resources Inc. grew its stake in Vestis by 34.1% during the 3rd quarter. Franklin Resources Inc. now owns 561,384 shares of the company's stock worth $8,404,000 after buying an additional 142,854 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

VSTS has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price target on Vestis from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Barclays upped their price target on shares of Vestis from $10.00 to $13.00 and gave the company an "underweight" rating in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Vestis from $13.60 to $15.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $14.08.

Vestis Price Performance

NYSE VSTS traded down $0.24 during trading hours on Monday, reaching $16.21. The company's stock had a trading volume of 803,646 shares, compared to its average volume of 2,376,102. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.73 and a quick ratio of 1.36. Vestis Co. has a 1-year low of $8.92 and a 1-year high of $22.37. The company's 50-day moving average is $15.73 and its two-hundred day moving average is $14.50. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 101.30 and a beta of 1.17.

Vestis (NYSE:VSTS - Get Free Report) last posted its quarterly earnings data on Thursday, November 21st. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The company had revenue of $684.28 million for the quarter, compared to analyst estimates of $693.54 million. Vestis had a return on equity of 9.07% and a net margin of 0.75%. The business's revenue was down 4.4% compared to the same quarter last year. On average, equities analysts predict that Vestis Co. will post 0.66 EPS for the current year.

Vestis Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 13th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, December 13th. Vestis's dividend payout ratio is currently 87.50%.

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.