Amalgamated Bank Has $544,000 Holdings in Vestis Co. (NYSE:VSTS)

Amalgamated Bank lessened its stake in Vestis Co. (NYSE:VSTS) by 37.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,518 shares of the company’s stock after selling 21,813 shares during the period. Amalgamated Bank’s holdings in Vestis were worth $544,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of VSTS. AQR Capital Management LLC raised its position in Vestis by 223.0% in the 2nd quarter. AQR Capital Management LLC now owns 3,753,889 shares of the company’s stock worth $45,197,000 after purchasing an additional 2,591,593 shares during the last quarter. Granite Investment Partners LLC bought a new stake in shares of Vestis during the 2nd quarter valued at $13,752,000. Bayberry Capital Partners LP bought a new stake in shares of Vestis during the 1st quarter valued at $16,380,000. Assenagon Asset Management S.A. raised its position in shares of Vestis by 99.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 824,649 shares of the company’s stock valued at $12,287,000 after acquiring an additional 411,466 shares during the last quarter. Finally, Stanley Capital Management LLC raised its position in shares of Vestis by 524.2% during the 2nd quarter. Stanley Capital Management LLC now owns 476,300 shares of the company’s stock valued at $5,825,000 after acquiring an additional 400,000 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

VSTS has been the subject of several recent research reports. Robert W. Baird cut shares of Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 target price for the company. in a research report on Thursday, August 8th. Baird R W cut shares of Vestis from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group upped their target price on shares of Vestis from $12.50 to $13.80 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Vestis currently has an average rating of “Hold” and a consensus target price of $16.69.

Vestis Trading Down 2.0 %

VSTS opened at $13.86 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 2.02 and a current ratio of 2.37. Vestis Co. has a 12 month low of $8.92 and a 12 month high of $22.37. The company has a fifty day simple moving average of $14.64 and a 200 day simple moving average of $13.27.

Vestis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Friday, September 13th.

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.