Quantbot Technologies LP Makes New $93,000 Investment in Vestis Co. (NYSE:VSTS)

Quantbot Technologies LP acquired a new stake in Vestis Co. (NYSE:VSTS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,124 shares of the company’s stock, valued at approximately $93,000.

Other large investors have also made changes to their positions in the company. HighTower Advisors LLC raised its position in shares of Vestis by 223.0% during the 3rd quarter. HighTower Advisors LLC now owns 361,348 shares of the company’s stock worth $5,386,000 after purchasing an additional 249,479 shares during the last quarter. Annex Advisory Services LLC increased its stake in Vestis by 13.5% during the 4th quarter. Annex Advisory Services LLC now owns 293,899 shares of the company’s stock worth $4,479,000 after buying an additional 34,951 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Vestis during the fourth quarter valued at approximately $185,000. Ieq Capital LLC lifted its position in shares of Vestis by 689.7% in the fourth quarter. Ieq Capital LLC now owns 160,671 shares of the company’s stock valued at $2,449,000 after acquiring an additional 140,324 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Vestis by 17.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,538,882 shares of the company’s stock worth $38,693,000 after acquiring an additional 382,071 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Vestis Price Performance

Shares of VSTS opened at $9.91 on Tuesday. The firm has a market capitalization of $1.30 billion, a PE ratio of 123.83 and a beta of 1.40. The stock’s 50 day moving average is $12.67 and its two-hundred day moving average is $14.34. Vestis Co. has a twelve month low of $8.92 and a twelve month high of $19.76. The company has a current ratio of 1.80, a quick ratio of 1.43 and a debt-to-equity ratio of 1.39.

Vestis (NYSE:VSTS) last released its quarterly earnings data on Friday, January 31st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates 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 company earned $0.22 EPS. Research analysts anticipate that Vestis Co. will post 0.7 earnings per share for the current year.

Vestis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 21st were given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Friday, February 21st. Vestis’s dividend payout ratio is presently 175.00%.

Analysts Set New Price Targets

Several brokerages have issued reports on VSTS. The Goldman Sachs Group dropped their target price on shares of Vestis from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Robert W. Baird lowered their price target on shares of Vestis from $17.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, Vestis currently has an average rating of “Hold” and a consensus price target of $13.68.

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.