Segall Bryant & Hamill LLC Trims Stock Position in Vestis Co. (NYSE:VSTS)

Segall Bryant & Hamill LLC decreased its position in Vestis Co. (NYSE:VSTS) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,431 shares of the company’s stock after selling 3,700 shares during the period. Segall Bryant & Hamill LLC’s holdings in Vestis were worth $4,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VSTS. GAMMA Investing LLC lifted its position in Vestis by 17.9% in the fourth quarter. GAMMA Investing LLC now owns 4,670 shares of the company’s stock valued at $71,000 after buying an additional 710 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Vestis by 104.1% in 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 during the period. Swiss National Bank lifted its holdings in shares of Vestis by 0.7% in the 4th quarter. Swiss National Bank now owns 232,750 shares of the company’s stock worth $3,547,000 after acquiring an additional 1,700 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Vestis by 3.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 45,687 shares of the company’s stock worth $681,000 after purchasing an additional 1,735 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in Vestis in the 3rd quarter valued at approximately $27,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on VSTS shares. The Goldman Sachs Group decreased their price target on Vestis from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Robert W. Baird decreased 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. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $13.68.

Vestis Stock Down 1.0 %

Shares of NYSE VSTS opened at $10.23 on Friday. Vestis Co. has a 12-month low of $8.92 and a 12-month high of $19.76. The stock has a market cap of $1.35 billion, a P/E ratio of 127.83 and a beta of 1.40. The company has a current ratio of 1.80, a quick ratio of 1.43 and a debt-to-equity ratio of 1.39. The business’s fifty day simple moving average is $12.92 and its 200-day simple moving average is $14.41.

Vestis (NYSE:VSTS) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $0.22 earnings per share. As a group, equities analysts predict that Vestis Co. will post 0.7 EPS for the current fiscal year.

Vestis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 21st were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Friday, February 21st. Vestis’s dividend payout ratio is presently 175.00%.

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.