Vestis Co. (NYSE:VSTS) Holdings Cut by Centiva Capital LP

Centiva Capital LP lowered its holdings in Vestis Co. (NYSE:VSTS) by 77.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,396 shares of the company’s stock after selling 75,675 shares during the period. Centiva Capital LP’s holdings in Vestis were worth $334,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of VSTS. Louisiana State Employees Retirement System raised its holdings in shares of Vestis by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 66,100 shares of the company’s stock valued at $808,000 after buying an additional 1,000 shares during the last quarter. KBC Group NV increased its stake in shares of Vestis by 51.9% during the third quarter. KBC Group NV now owns 4,741 shares of the company’s stock valued at $71,000 after acquiring an additional 1,619 shares during the period. Brooklyn Investment Group acquired a new position in shares of Vestis during the third quarter valued at approximately $27,000. Crossmark Global Holdings Inc. increased its stake in shares of Vestis by 9.6% during the second quarter. Crossmark Global Holdings Inc. now owns 21,747 shares of the company’s stock valued at $266,000 after acquiring an additional 1,900 shares during the period. Finally, Everence Capital Management Inc. increased its stake in shares of Vestis by 17.5% during the third quarter. Everence Capital Management Inc. now owns 14,210 shares of the company’s stock valued at $212,000 after acquiring an additional 2,120 shares during the period. Institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target 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. The Goldman Sachs Group lifted their price target on shares of Vestis from $13.60 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Finally, Barclays lifted their price target on shares of Vestis from $10.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Vestis has an average rating of “Hold” and a consensus price target of $16.91.

Vestis Stock Performance

NYSE:VSTS opened at $16.62 on Wednesday. The firm’s 50-day moving average is $14.85 and its 200-day moving average is $13.68. Vestis Co. has a 52-week low of $8.92 and a 52-week high of $22.37. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.36 and a current ratio of 1.73. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 103.88 and a beta of 1.15.

Vestis (NYSE:VSTS) last posted its quarterly earnings data on Thursday, November 21st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). Vestis had a return on equity of 9.07% and a net margin of 0.75%. The company had revenue of $684.28 million for the quarter, compared to the consensus estimate of $693.54 million. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. Equities research analysts anticipate that Vestis Co. will post 0.66 earnings per share for the current year.

Vestis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.14 dividend on an annualized basis and a yield of 0.84%. Vestis’s payout ratio is currently 87.51%.

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.