Smartleaf Asset Management LLC Has $38,000 Stock Position in Vestis Co. (NYSE:VSTS)

Smartleaf Asset Management LLC grew its holdings in shares of Vestis Co. (NYSE:VSTS) by 548.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 quarter.

Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in Vestis in the third quarter valued at approximately $27,000. Spire Wealth Management bought a new position in shares of Vestis in the 4th quarter valued at $29,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Vestis by 104.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,000 shares of the company’s stock valued at $30,000 after acquiring an additional 1,020 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Vestis during the 3rd quarter worth $51,000. Finally, GAMMA Investing LLC grew its position in Vestis by 17.9% during 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 during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Vestis Price Performance

Shares of VSTS opened at $10.94 on Wednesday. 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 capitalization of $1.44 billion, a price-to-earnings ratio of 136.82 and a beta of 1.40. The business has a 50-day moving average of $14.24 and a 200-day moving average of $14.72.

Vestis (NYSE:VSTS) last released its quarterly earnings results on Friday, January 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping 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 last year, the business posted $0.22 earnings per share. As a group, equities research analysts anticipate that Vestis Co. will post 0.7 earnings per share for the current year.

Vestis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 21st will be paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, February 21st. Vestis’s dividend payout ratio is presently 175.00%.

Analyst Upgrades and Downgrades

VSTS has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on Vestis from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Barclays upped their price objective on Vestis from $10.00 to $13.00 and gave the company an “underweight” rating in a research note on Friday, November 22nd. Finally, 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. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $14.08.

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.