Vestis Co. (NYSE:VSTS) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its stake in Vestis Co. (NYSE:VSTS) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 281,131 shares of the company’s stock after selling 11,431 shares during the period. Segall Bryant & Hamill LLC’s holdings in Vestis were worth $4,189,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new stake in Vestis in the 3rd quarter worth approximately $41,000. Canada Pension Plan Investment Board acquired a new position in shares of Vestis in the 2nd quarter valued at $44,000. GAMMA Investing LLC boosted its holdings in Vestis by 143.5% during the third quarter. GAMMA Investing LLC now owns 3,960 shares of the company’s stock worth $59,000 after buying an additional 2,334 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in Vestis during the third quarter valued at $60,000. Finally, nVerses Capital LLC acquired a new stake in Vestis during the second quarter valued at $61,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on VSTS. Barclays increased their target price on shares of Vestis from $10.00 to $13.00 and gave the stock an “underweight” rating in a research note on Friday. Baird R W downgraded Vestis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. lifted their price target on shares of Vestis from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday. The Goldman Sachs Group upped their price objective on shares of Vestis from $13.60 to $15.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Robert W. Baird lowered shares of Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.43.

Vestis Stock Up 2.6 %

VSTS opened at $16.02 on Friday. The company’s 50 day simple moving average is $14.58 and its two-hundred day simple moving average is $13.26. Vestis Co. has a 1-year low of $8.92 and a 1-year high of $22.37. The company has a debt-to-equity ratio of 1.67, a current ratio of 2.37 and a quick ratio of 2.02.

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 paid 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 of this dividend is Friday, December 13th.

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.