Versor Investments LP Buys Shares of 26,900 Vestis Co. (NYSE:VSTS)

Versor Investments LP purchased a new position in Vestis Co. (NYSE:VSTS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,900 shares of the company’s stock, valued at approximately $410,000.

Several other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Vestis by 201.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 43,952 shares of the company’s stock worth $655,000 after buying an additional 29,389 shares in the last quarter. US Bancorp DE increased its position in Vestis by 11.9% during the 3rd quarter. US Bancorp DE now owns 31,939 shares of the company’s stock valued at $476,000 after purchasing an additional 3,386 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Vestis during the third quarter valued at about $41,000. Sigma Planning Corp purchased a new position in shares of Vestis during the 3rd quarter worth approximately $159,000. Finally, Victory Capital Management Inc. grew its stake in Vestis by 12.2% in the third quarter. Victory Capital Management Inc. now owns 63,551 shares of the company’s stock worth $947,000 after purchasing an additional 6,916 shares during the period. 97.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VSTS has been the topic of several analyst reports. Barclays boosted their target price on Vestis from $10.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. lifted their target price on shares of Vestis from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Finally, The Goldman Sachs Group increased 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 equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.08.

Vestis Trading Down 0.8 %

Shares of Vestis stock opened at $11.84 on Monday. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 148.02 and a beta of 1.16. The company has a current ratio of 1.80, a quick ratio of 1.43 and a debt-to-equity ratio of 1.39. The firm’s 50 day simple moving average is $14.85 and its two-hundred day simple moving average is $14.83. Vestis Co. has a 12-month low of $8.92 and a 12-month high of $19.76.

Vestis (NYSE:VSTS) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $0.22 earnings per share. Analysts predict that Vestis Co. will post 0.7 EPS for the current year.

Vestis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, February 21st. Vestis’s dividend payout ratio (DPR) is 175.00%.

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.