PDT Partners LLC Increases Stock Holdings in Vestis Co. (NYSE:VSTS)

PDT Partners LLC boosted its stake in Vestis Co. (NYSE:VSTS) by 2.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 104,753 shares of the company’s stock after buying an additional 2,795 shares during the quarter. PDT Partners LLC owned approximately 0.08% of Vestis worth $1,561,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of VSTS. Price T Rowe Associates Inc. MD boosted its holdings in Vestis by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 80,179 shares of the company’s stock worth $1,546,000 after purchasing an additional 3,669 shares during the last quarter. Comerica Bank grew its holdings in shares of Vestis by 39.8% in the first quarter. Comerica Bank now owns 168,552 shares of the company’s stock valued at $3,248,000 after acquiring an additional 47,996 shares in the last quarter. CWM LLC increased its position in shares of Vestis by 174.9% during the second quarter. CWM LLC now owns 13,240 shares of the company’s stock valued at $162,000 after acquiring an additional 8,423 shares during the last quarter. Annex Advisory Services LLC bought a new stake in Vestis during the second quarter worth $3,130,000. Finally, Wedmont Private Capital purchased a new position in Vestis in the second quarter worth $125,000. 97.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Vestis Stock Down 0.6 %

NYSE VSTS opened at $16.08 on Monday. The business’s 50-day moving average is $14.69 and its 200 day moving average is $13.49. The stock has a market capitalization of $2.12 billion and a PE ratio of 100.51. 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 1 year low of $8.92 and a 1 year high of $22.37.

Vestis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, December 13th. Vestis’s payout ratio is currently 87.51%.

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.