Vestis Co. (NYSE:VSTS) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its position in Vestis Co. (NYSE:VSTS) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,431 shares of the company’s stock after selling 3,700 shares during the period. Segall Bryant & Hamill LLC owned about 0.21% of Vestis worth $4,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in VSTS. KLP Kapitalforvaltning AS acquired a new position in Vestis in the 4th quarter worth about $388,000. American Century Companies Inc. increased its position in shares of Vestis by 13.8% in 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 acquired a new position in shares of Vestis during the 4th quarter worth approximately $93,000. Birnam Oak Advisors LP purchased a new position in shares of Vestis during the 4th quarter valued at approximately $21,446,000. Finally, Royce & Associates LP grew its stake in 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.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VSTS. Robert W. Baird decreased their price objective on shares of Vestis from $17.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. The Goldman Sachs Group reduced their price target on shares of Vestis from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $13.68.

Vestis Price Performance

Vestis stock opened at $10.23 on Friday. The company has a fifty day simple moving average of $12.92 and a 200-day simple moving average of $14.41. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 127.83 and a beta of 1.40. The company has a quick ratio of 1.43, a current ratio of 1.80 and a debt-to-equity ratio of 1.39. Vestis Co. has a 52-week low of $8.92 and a 52-week high of $19.76.

Vestis (NYSE:VSTS) last announced 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 net margin of 0.34% and a return on equity of 7.91%. During the same quarter in the previous year, the firm posted $0.22 earnings per share. On average, equities analysts anticipate that Vestis Co. will post 0.7 EPS for the current fiscal year.

Vestis Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 21st were given a dividend of $0.035 per share. The ex-dividend date was Friday, February 21st. This represents a $0.14 dividend on an annualized basis and a yield of 1.37%. Vestis’s payout ratio is 175.00%.

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.