GAMMA Investing LLC raised its holdings in Vestis Co. (NYSE:VSTS - Free Report) by 895.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,510 shares of the company's stock after acquiring an additional 41,840 shares during the quarter. GAMMA Investing LLC's holdings in Vestis were worth $4,698,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. True Wealth Design LLC bought a new stake in shares of Vestis during the fourth quarter valued at approximately $29,000. Smartleaf Asset Management LLC raised its position in Vestis by 548.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,510 shares of the company's stock valued at $38,000 after purchasing an additional 2,123 shares in the last quarter. Quantbot Technologies LP bought a new stake in Vestis during the 4th quarter valued at $93,000. Sterling Capital Management LLC lifted its holdings in shares of Vestis by 45.9% in the 4th quarter. Sterling Capital Management LLC now owns 7,882 shares of the company's stock worth $120,000 after buying an additional 2,479 shares during the period. Finally, Toronto Dominion Bank bought a new position in shares of Vestis during the 4th quarter worth $154,000. Hedge funds and other institutional investors own 97.40% of the company's stock.
Insider Buying and Selling at Vestis
In related news, Director Douglas A. Pertz bought 70,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average cost of $6.17 per share, for a total transaction of $431,900.00. Following the purchase, the director now directly owns 297,010 shares of the company's stock, valued at approximately $1,832,551.70. This trade represents a 30.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO William J. Seward acquired 10,000 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were bought at an average cost of $6.23 per share, for a total transaction of $62,300.00. Following the completion of the acquisition, the chief operating officer now directly owns 130,862 shares of the company's stock, valued at approximately $815,270.26. The trade was a 8.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 880,675 shares of company stock worth $5,271,632 over the last three months. Corporate insiders own 13.60% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on VSTS shares. Barclays decreased their price objective on Vestis from $10.00 to $5.00 and set an "underweight" rating for the company in a report on Friday, May 9th. The Goldman Sachs Group reduced their price target 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. Finally, Robert W. Baird dropped their price objective on shares of Vestis from $17.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $11.75.
Check Out Our Latest Report on Vestis
Vestis Stock Up 0.5%
VSTS traded up $0.03 on Thursday, hitting $6.20. The company had a trading volume of 431,170 shares, compared to its average volume of 2,172,743. The stock has a market capitalization of $817.05 million, a price-to-earnings ratio of 77.51 and a beta of 1.03. 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 fifty day moving average price of $7.14 and a 200-day moving average price of $11.62. Vestis Co. has a 12-month low of $5.20 and a 12-month high of $17.83.
Vestis (NYSE:VSTS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.20). The firm had revenue of $665.25 million during the quarter, compared to analysts' expectations of $690.81 million. Vestis had a return on equity of 7.91% and a net margin of 0.34%. The firm's quarterly revenue was down 5.7% on a year-over-year basis. Analysts predict that Vestis Co. will post 0.7 EPS for the current fiscal year.
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.
See Also
Before you consider Vestis, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vestis wasn't on the list.
While Vestis currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
