Vestis Co. (NYSE:VSTS) Shares Purchased by Natixis

Natixis raised its position in Vestis Co. (NYSE:VSTS) by 9.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 81,929 shares of the company’s stock after acquiring an additional 7,298 shares during the period. Natixis’ holdings in Vestis were worth $1,249,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in VSTS. Barclays PLC grew its position in Vestis by 445.4% in the third quarter. Barclays PLC now owns 51,981 shares of the company’s stock worth $774,000 after acquiring an additional 42,450 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Vestis during the 3rd quarter worth $303,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Vestis during the 3rd quarter worth $238,000. Franklin Resources Inc. increased its position in shares of 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 purchasing an additional 142,854 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Vestis by 17.9% in the 4th quarter. GAMMA Investing LLC now owns 4,670 shares of the company’s stock valued at $71,000 after buying an additional 710 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Vestis Price Performance

Vestis stock opened at $8.02 on Wednesday. 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 $7.35 and a 52-week high of $19.11. The firm has a market cap of $1.06 billion, a PE ratio of 100.26 and a beta of 1.55. The company’s 50 day moving average is $10.29 and its two-hundred day moving average is $13.48.

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 return on equity of 7.91% and a net margin of 0.34%. During the same period in the previous year, the company earned $0.22 EPS. On average, research analysts expect that Vestis Co. will post 0.7 EPS for the current fiscal year.

Vestis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 21st were paid 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 dividend yield of 1.75%. Vestis’s payout ratio is 175.00%.

Wall Street Analyst Weigh In

VSTS has been the subject of a number of recent analyst reports. Barclays dropped their price target on shares of Vestis from $13.00 to $10.00 and set an “underweight” rating for the company in a research report on Friday, April 4th. Robert W. Baird dropped their target price on shares of Vestis from $17.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Finally, The Goldman Sachs Group cut their target price on Vestis from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.08.

Vestis 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.