Annex Advisory Services LLC Has $4.48 Million Holdings in Vestis Co. (NYSE:VSTS)

Annex Advisory Services LLC grew its stake in Vestis Co. (NYSE:VSTS) by 13.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,899 shares of the company’s stock after purchasing an additional 34,951 shares during the period. Annex Advisory Services LLC’s holdings in Vestis were worth $4,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. AQR Capital Management LLC lifted its position in Vestis by 223.0% in the second quarter. AQR Capital Management LLC now owns 3,753,889 shares of the company’s stock worth $45,197,000 after purchasing an additional 2,591,593 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Vestis by 111.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,631,652 shares of the company’s stock worth $39,212,000 after acquiring an additional 1,384,413 shares during the period. Forest Avenue Capital Management LP acquired a new stake in shares of Vestis during the 3rd quarter valued at about $19,486,000. TOMS Capital Investment Management LP increased its stake in Vestis by 22.7% in the third quarter. TOMS Capital Investment Management LP now owns 2,330,155 shares of the company’s stock valued at $34,719,000 after acquiring an additional 430,555 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Vestis by 99.6% in the third quarter. Assenagon Asset Management S.A. now owns 824,649 shares of the company’s stock worth $12,287,000 after purchasing an additional 411,466 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Vestis Trading Down 1.5 %

VSTS stock opened at $16.21 on Monday. The business has a fifty day moving average price of $15.69 and a 200 day moving average price of $14.46. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.73 and a quick ratio of 1.36. Vestis Co. has a fifty-two week low of $8.92 and a fifty-two week high of $22.37. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 101.30 and a beta of 1.17.

Vestis (NYSE:VSTS) last announced its earnings results on Thursday, November 21st. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The business had revenue of $684.28 million during the quarter, compared to analyst estimates of $693.54 million. Vestis had a net margin of 0.75% and a return on equity of 9.07%. The business’s revenue was down 4.4% compared to the same quarter last year. Analysts expect that Vestis Co. will post 0.66 EPS for the current fiscal year.

Vestis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 13th were paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, December 13th. Vestis’s dividend payout ratio is presently 87.51%.

Analyst Upgrades and Downgrades

VSTS has been the topic of a number of recent research reports. Barclays lifted their price objective on Vestis from $10.00 to $13.00 and gave the company an “underweight” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. upped their price target on Vestis from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Finally, The Goldman Sachs Group lifted their price objective on Vestis from $13.60 to $15.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.08.

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.