Vestis Co. (NYSE:VSTS) Shares Sold by Hauser Brothers GmbH

Hauser Brothers GmbH lessened its stake in Vestis Co. (NYSE:VSTS) by 9.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,500 shares of the company’s stock after selling 20,000 shares during the period. Vestis accounts for 2.2% of Hauser Brothers GmbH’s portfolio, making the stock its 8th largest holding. Hauser Brothers GmbH owned about 0.14% of Vestis worth $2,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of VSTS. Brooklyn Investment Group acquired a new stake in shares of Vestis in the third quarter worth $27,000. Capital Performance Advisors LLP acquired a new position in shares of Vestis in the third quarter valued at approximately $41,000. Canada Pension Plan Investment Board acquired a new stake in Vestis during the 2nd quarter valued at approximately $44,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Vestis during the third quarter valued at approximately $51,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Vestis by 143.5% in the third quarter. GAMMA Investing LLC now owns 3,960 shares of the company’s stock valued at $59,000 after acquiring an additional 2,334 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Vestis Stock Up 1.5 %

VSTS opened at $16.32 on Tuesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.36 and a current ratio of 1.73. The company has a market cap of $2.15 billion, a PE ratio of 101.98 and a beta of 1.15. Vestis Co. has a 1 year low of $8.92 and a 1 year high of $22.37. The firm has a 50 day moving average price of $14.70 and a 200 day moving average price of $13.51.

Vestis Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on VSTS shares. Robert W. Baird lowered Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Thursday, August 8th. Baird R W cut shares of Vestis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th. The Goldman Sachs Group raised their target price on Vestis from $13.60 to $15.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Barclays lifted their price target on shares of Vestis from $10.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. upped their target price on Vestis from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Vestis currently has a consensus rating of “Hold” and a consensus target price of $16.91.

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.