Vestis Co. (NYSE:VSTS) Shares Acquired by Swiss National Bank

Swiss National Bank increased its holdings in Vestis Co. (NYSE:VSTS) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 232,750 shares of the company’s stock after acquiring an additional 1,700 shares during the quarter. Swiss National Bank’s holdings in Vestis were worth $3,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in Vestis during the 3rd quarter worth $27,000. Spire Wealth Management acquired a new stake in shares of Vestis during the fourth quarter worth about $29,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Vestis by 104.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,000 shares of the company’s stock worth $30,000 after buying an additional 1,020 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Vestis by 548.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,510 shares of the company’s stock valued at $38,000 after acquiring an additional 2,123 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Vestis during the 3rd quarter valued at approximately $51,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

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

Vestis Stock Up 2.1 %

Vestis stock opened at $10.33 on Thursday. Vestis Co. has a 1-year low of $8.92 and a 1-year high of $19.76. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.80 and a quick ratio of 1.43. The company has a market cap of $1.36 billion, a PE ratio of 129.19 and a beta of 1.40. The stock’s 50 day moving average price is $13.04 and its 200 day moving average price is $14.44.

Vestis (NYSE:VSTS) last announced its earnings results on Friday, January 31st. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.22 EPS. On average, sell-side analysts predict that Vestis Co. will post 0.7 EPS for the current fiscal year.

Vestis Announces Dividend

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 $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.35%. The ex-dividend date was Friday, February 21st. Vestis’s payout ratio is 175.00%.

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.