25,200 Shares in Vestis Co. (NYSE:VSTS) Acquired by Fractal Investments LLC

Fractal Investments LLC acquired a new stake in Vestis Co. (NYSE:VSTS) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 25,200 shares of the company’s stock, valued at approximately $533,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bfsg LLC acquired a new stake in shares of Vestis during the fourth quarter valued at about $135,000. Private Management Group Inc. acquired a new stake in Vestis during the 4th quarter worth approximately $13,493,000. Yousif Capital Management LLC bought a new stake in Vestis during the 4th quarter worth approximately $1,400,000. Wolverine Asset Management LLC increased its position in Vestis by 48.0% in the 4th quarter. Wolverine Asset Management LLC now owns 185,000 shares of the company’s stock valued at $3,911,000 after acquiring an additional 60,000 shares during the period. Finally, Parkside Financial Bank & Trust acquired a new position in Vestis in the 4th quarter valued at approximately $25,000. Institutional investors own 97.40% of the company’s stock.

Vestis Stock Down 1.3 %

VSTS stock traded down $0.24 during mid-day trading on Wednesday, reaching $18.70. The company’s stock had a trading volume of 949,255 shares, compared to its average volume of 1,605,569. Vestis Co. has a 12 month low of $13.83 and a 12 month high of $22.37. The business’s 50 day moving average price is $18.84 and its 200 day moving average price is $18.65. The company has a current ratio of 2.61, a quick ratio of 2.23 and a debt-to-equity ratio of 1.73.

Vestis (NYSE:VSTS) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $717.90 million for the quarter, compared to the consensus estimate of $724.72 million. Vestis’s revenue for the quarter was up 2.5% on a year-over-year basis. Research analysts expect that Vestis Co. will post 1.03 earnings per share for the current fiscal year.

Vestis Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were given a dividend of $0.035 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.75%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VSTS shares. Wolfe Research started coverage on shares of Vestis in a report on Thursday, January 11th. They set an “outperform” rating and a $24.00 price target on the stock. The Goldman Sachs Group began coverage on Vestis in a report on Thursday, January 25th. They set a “neutral” rating and a $22.00 target price on the stock. Finally, Barclays lowered Vestis from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $17.00 to $19.00 in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.56.

Insider Activity at Vestis

In other news, CEO Kim Scott bought 15,000 shares of the stock in a transaction dated Friday, February 9th. The shares were bought at an average cost of $19.14 per share, with a total value of $287,100.00. Following the completion of the transaction, the chief executive officer now directly owns 183,131 shares of the company’s stock, valued at $3,505,127.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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.