WINTON GROUP Ltd Takes Position in Vestis Co. (NYSE:VSTS)

WINTON GROUP Ltd purchased a new stake in Vestis Co. (NYSE:VSTS - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 79,888 shares of the company's stock, valued at approximately $1,217,000. WINTON GROUP Ltd owned about 0.06% of Vestis as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new position in shares of Vestis in the 4th quarter valued at about $388,000. American Century Companies Inc. lifted its position in Vestis by 13.8% during the fourth quarter. American Century Companies Inc. now owns 228,436 shares of the company's stock valued at $3,481,000 after buying an additional 27,747 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Vestis during the fourth quarter worth approximately $93,000. Birnam Oak Advisors LP acquired a new stake in shares of Vestis in the fourth quarter worth $21,446,000. Finally, Royce & Associates LP raised its stake in shares of Vestis by 39.2% in the 4th quarter. Royce & Associates LP now owns 959,830 shares of the company's stock valued at $14,628,000 after acquiring an additional 270,441 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Vestis Stock Up 3.1 %

Vestis stock traded up $0.30 during midday trading on Wednesday, hitting $9.91. 625,784 shares of the stock were exchanged, compared to its average volume of 1,930,585. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.80 and a quick ratio of 1.43. The company has a 50 day moving average price of $12.54 and a two-hundred day moving average price of $14.30. The firm has a market cap of $1.31 billion, a P/E ratio of 123.58 and a beta of 1.40. Vestis Co. has a 1 year low of $8.92 and a 1 year high of $19.76.

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Vestis (NYSE:VSTS - Get Free Report) last announced its earnings results on Friday, January 31st. The company reported $0.14 earnings per share (EPS) 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 business earned $0.22 EPS. On average, sell-side analysts predict that Vestis Co. will post 0.7 earnings per share for the current fiscal year.

Vestis Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, February 21st. Vestis's payout ratio is currently 175.00%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. 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 report on Thursday, March 20th. The Goldman Sachs Group decreased their target price on Vestis from $15.00 to $13.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. 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 currently has a consensus rating of "Hold" and a consensus target price of $13.68.

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.