Smartleaf Asset Management LLC Buys 2,123 Shares of Vestis Co. (NYSE:VSTS)

Smartleaf Asset Management LLC lifted its position in Vestis Co. (NYSE:VSTS) by 548.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,510 shares of the company’s stock after acquiring an additional 2,123 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Vestis were worth $38,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Vestis by 17.9% in the 4th quarter. GAMMA Investing LLC now owns 4,670 shares of the company’s stock worth $71,000 after acquiring an additional 710 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Vestis by 104.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,000 shares of the company’s stock worth $30,000 after purchasing an additional 1,020 shares in the last quarter. KBC Group NV grew its position in Vestis by 51.9% in the 3rd quarter. KBC Group NV now owns 4,741 shares of the company’s stock worth $71,000 after purchasing an additional 1,619 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Vestis by 3.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 45,687 shares of the company’s stock valued at $681,000 after acquiring an additional 1,735 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Vestis in the third quarter valued at approximately $27,000. Institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VSTS. JPMorgan Chase & Co. upped their target price on Vestis from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. The Goldman Sachs Group upped their price objective on Vestis from $13.60 to $15.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Finally, Barclays increased their price target on shares of Vestis from $10.00 to $13.00 and gave the company an “underweight” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, Vestis presently has an average rating of “Hold” and an average target price of $14.08.

Vestis Stock Up 1.0 %

Shares of NYSE VSTS opened at $10.94 on Wednesday. The business’s fifty day moving average price is $14.24 and its 200-day moving average price is $14.72. Vestis Co. has a one year low of $8.92 and a one year high of $19.76. The stock has a market capitalization of $1.44 billion, a PE ratio of 136.82 and a beta of 1.40. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.80 and a quick ratio of 1.43.

Vestis (NYSE:VSTS) last released its quarterly earnings data on Friday, January 31st. The company reported $0.14 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 prior year, the firm earned $0.22 EPS. On average, equities research analysts anticipate that Vestis Co. will post 0.7 EPS for the current year.

Vestis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 21st will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, February 21st. Vestis’s dividend payout ratio (DPR) is presently 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.