2 weeks Ago By ABMN Staff
Legal & General Group Plc trimmed its holdings in shares of Vestis Co. ( NYSE:VSTS – Free Report ) by 4.4% in the fourth quarter, HoldingsChannel.
com reports. The institutional investor owned 314,335 shares of the company’s stock after selling 14,482 shares during the period. Legal & General Group Plc’s holdings in Vestis were worth $4,790,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Spire Wealth Management acquired a new stake in Vestis in the fourth quarter valued at $29,000. Smartleaf Asset Management LLC boosted its holdings in Vestis by 548.
6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,510 shares of the company’s stock worth $38,000 after buying an additional 2,123 shares in the last quarter. GAMMA Investing LLC grew its position in Vestis by 17.
9% during the fourth quarter. GAMMA Investing LLC now owns 4,670 shares of the company’s stock worth $71,000 after buying an additional 710 shares during the period. Quantbot Technologies LP purchased a new position in Vestis in the fourth quarter valued at about $93,000.
Finally, CIBC Asset Management Inc purchased a new stake in shares of Vestis during the 4th quarter worth approximately $180,000. 97.40% of the stock is owned by institutional investors and hedge funds.
Vestis Trading Up 1.4 % Vestis stock opened at $7.76 on Tuesday.
The stock has a 50-day moving average price of $10.40 and a 200 day moving average price of $13.52.
Vestis Co. has a 52 week low of $7.35 and a 52 week high of $19.
11. The stock has a market cap of $1.02 billion, a PE ratio of 97.
01 and a beta of 1.55. 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 Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders 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 1.80%.
The ex-dividend date of this dividend was Friday, February 21st. Vestis’s dividend payout ratio is currently 175.00%.
Analyst Upgrades and Downgrades Several equities analysts recently issued reports on VSTS shares. Robert W. Baird reduced their price objective on Vestis from $17.
00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Barclays decreased their price objective on shares of Vestis from $13.
00 to $10.00 and set an “underweight” rating on the stock in a research report on Friday, April 4th. Finally, 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. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company.
According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.08.
Read Our Latest Research Report on Vestis Vestis Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding VSTS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Vestis Co. ( NYSE:VSTS – Free Report ). Receive News & Ratings for Vestis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vestis and related companies with MarketBeat.
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