Savant Capital LLC Trims Stake in Vestis Corporation $VSTS

Savant Capital LLC reduced its stake in shares of Vestis Corporation (NYSE:VSTS) by 52.5% in the 4th quarter, Holdings Channel reports. The fund owned 40,595 shares of the company’s stock after selling 44,951 shares during the period. Savant Capital LLC’s holdings in Vestis were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in Vestis by 471.9% during the second quarter. EverSource Wealth Advisors LLC now owns 5,456 shares of the company’s stock valued at $31,000 after acquiring an additional 4,502 shares in the last quarter. Osaic Holdings Inc. raised its position in Vestis by 703.2% during the second quarter. Osaic Holdings Inc. now owns 5,743 shares of the company’s stock valued at $33,000 after acquiring an additional 5,028 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Vestis by 147.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,175 shares of the company’s stock valued at $35,000 after acquiring an additional 3,082 shares in the last quarter. Farther Finance Advisors LLC raised its position in Vestis by 176.1% during the fourth quarter. Farther Finance Advisors LLC now owns 5,193 shares of the company’s stock valued at $35,000 after acquiring an additional 3,312 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Vestis by 147.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,006 shares of the company’s stock valued at $53,000 after acquiring an additional 4,766 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. William Blair upgraded Vestis from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Robert W. Baird upped their price target on Vestis from $10.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Stifel Nicolaus upped their price target on Vestis from $8.50 to $11.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Weiss Ratings cut Vestis from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. Finally, Barclays upped their price target on Vestis from $6.00 to $9.00 and gave the stock an “underweight” rating in a report on Friday, May 15th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $9.50.

Vestis Price Performance

Shares of Vestis stock opened at $12.91 on Friday. The business has a 50 day simple moving average of $10.20 and a two-hundred day simple moving average of $8.14. Vestis Corporation has a 12 month low of $3.98 and a 12 month high of $13.52. The stock has a market capitalization of $1.71 billion, a P/E ratio of -92.21 and a beta of 1.08. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.13 and a quick ratio of 1.69.

Vestis (NYSE:VSTS) last announced its earnings results on Tuesday, May 12th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.07. Vestis had a positive return on equity of 5.27% and a negative net margin of 0.63%.The business had revenue of $659.44 million during the quarter, compared to analysts’ expectations of $655.32 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. The business’s revenue was down .9% compared to the same quarter last year. As a group, analysts predict that Vestis Corporation will post 0.52 EPS for the current fiscal year.

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. The company serves manufacturing, hospitality, retail, food processing, food service, pharmaceuticals, healthcare, automotive, and cleanroom industries.