Vestis Co. (NYSE:VSTS) Shares Bought by Cwm LLC

Cwm LLC raised its position in Vestis Co. (NYSE:VSTS) by 253.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,834 shares of the company’s stock after purchasing an additional 33,594 shares during the quarter. Cwm LLC’s holdings in Vestis were worth $698,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. DAVENPORT & Co LLC acquired a new position in shares of Vestis during the first quarter valued at approximately $21,712,000. Allspring Global Investments Holdings LLC increased its stake in shares of Vestis by 2,290.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 101,064 shares of the company’s stock valued at $1,948,000 after acquiring an additional 96,836 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of Vestis during the first quarter valued at approximately $7,364,000. SG Americas Securities LLC increased its stake in shares of Vestis by 617.8% during the first quarter. SG Americas Securities LLC now owns 75,697 shares of the company’s stock valued at $1,459,000 after acquiring an additional 65,151 shares during the period. Finally, Wellington Management Group LLP acquired a new position in shares of Vestis during the fourth quarter valued at approximately $56,431,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Vestis Stock Performance

Vestis stock opened at $15.23 on Friday. The firm’s fifty day simple moving average is $14.47 and its 200-day simple moving average is $13.94. The company has a debt-to-equity ratio of 1.67, a quick ratio of 2.02 and a current ratio of 2.37. Vestis Co. has a 1-year low of $8.92 and a 1-year high of $22.37.

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

Vestis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were issued a $0.035 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.14 annualized dividend and a yield of 0.92%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VSTS. Robert W. Baird lowered shares of Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research note on Thursday, August 8th. Baird R W lowered shares of Vestis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group raised their price objective on shares of Vestis from $12.50 to $13.80 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. One 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. According to data from MarketBeat, Vestis currently has an average rating of “Hold” and an average price target of $16.69.

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.