WINTON GROUP Ltd Acquires New Position in Vestis Co. (NYSE:VSTS)

WINTON GROUP Ltd acquired a new position in shares of Vestis Co. (NYSE:VSTS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 79,888 shares of the company’s stock, valued at approximately $1,217,000. WINTON GROUP Ltd owned approximately 0.06% of Vestis at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brooklyn Investment Group purchased a new position in shares of Vestis in the third quarter valued at $27,000. Spire Wealth Management acquired a new stake in Vestis in the 4th quarter valued at about $29,000. Nomura Asset Management Co. Ltd. increased its holdings in Vestis by 104.1% during 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 in the last quarter. Smartleaf Asset Management LLC raised its position 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 acquiring an additional 2,123 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Vestis in the third quarter valued at about $51,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Vestis Stock Down 1.3 %

VSTS stock opened at $10.09 on Friday. The company has a 50 day moving average price of $12.80 and a two-hundred day moving average price of $14.38. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.43 and a current ratio of 1.80. The stock has a market capitalization of $1.33 billion, a P/E ratio of 126.17 and a beta of 1.40. Vestis Co. has a one year low of $8.92 and a one year high of $19.76.

Vestis (NYSE:VSTS) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the company earned $0.22 earnings per share. As a group, sell-side analysts expect that Vestis Co. will post 0.7 EPS for the current year.

Vestis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 21st were given a $0.035 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.14 annualized dividend and a dividend yield of 1.39%. Vestis’s dividend payout ratio is presently 175.00%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Vestis from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Robert W. Baird cut their price target on Vestis from $17.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.68.

Vestis 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.