New York State Teachers Retirement System Sells 2,900 Shares of Vestis Co. (NYSE:VSTS)

New York State Teachers Retirement System reduced its position in shares of Vestis Co. (NYSE:VSTS) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,671 shares of the company’s stock after selling 2,900 shares during the period. New York State Teachers Retirement System’s holdings in Vestis were worth $964,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new position in Vestis during the second quarter worth about $44,000. GAMMA Investing LLC boosted its stake in Vestis by 143.5% in the third quarter. GAMMA Investing LLC now owns 3,960 shares of the company’s stock valued at $59,000 after acquiring an additional 2,334 shares during the last quarter. Copeland Capital Management LLC acquired a new position in Vestis in the third quarter valued at about $60,000. nVerses Capital LLC acquired a new position in Vestis during the second quarter valued at approximately $61,000. Finally, Quarry LP lifted its holdings in Vestis by 346.0% during the second quarter. Quarry LP now owns 6,556 shares of the company’s stock worth $80,000 after acquiring an additional 5,086 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VSTS has been the topic of several recent research reports. Robert W. Baird downgraded Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research note on Thursday, August 8th. The Goldman Sachs Group lifted their price target on Vestis from $12.50 to $13.80 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Finally, Baird R W downgraded shares of Vestis from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.69.

Vestis Stock Up 0.5 %

NYSE:VSTS opened at $14.12 on Friday. The company has a current ratio of 2.37, a quick ratio of 2.02 and a debt-to-equity ratio of 1.67. Vestis Co. has a one year low of $8.92 and a one year high of $22.37. The firm’s 50 day simple moving average is $14.66 and its 200 day simple moving average is $13.39.

Vestis (NYSE:VSTS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. Vestis had a net margin of 4.13% and a return on equity of 18.00%. The firm had revenue of $698.20 million for the quarter, compared to analyst estimates of $688.33 million. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Vestis Co. will post 0.64 EPS for the current fiscal year.

Vestis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were paid a dividend of $0.035 per share. The ex-dividend date was Friday, September 13th. This represents a $0.14 annualized dividend and a dividend yield of 0.99%.

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.