Eisler Capital Management Ltd. Takes $191,000 Position in Vestis Co. (NYSE:VSTS)

Eisler Capital Management Ltd. purchased a new position in Vestis Co. (NYSE:VSTS) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,500 shares of the company’s stock, valued at approximately $191,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VSTS. Pacer Advisors Inc. acquired a new position in Vestis in the 4th quarter worth about $210,766,000. AQR Capital Management LLC increased its stake in Vestis by 47.4% during the 4th quarter. AQR Capital Management LLC now owns 3,125,669 shares of the company’s stock worth $47,635,000 after buying an additional 1,004,497 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Vestis by 46.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,095,278 shares of the company’s stock valued at $47,172,000 after acquiring an additional 980,303 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Vestis by 17.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,538,882 shares of the company’s stock valued at $38,693,000 after acquiring an additional 382,071 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Vestis in the fourth quarter worth approximately $25,805,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insider Activity

In other Vestis news, Director Douglas A. Pertz acquired 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 completion of the transaction, the director now owns 297,010 shares of the company’s stock, valued at approximately $1,832,551.70. The trade was a 30.84 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 13.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Barclays reduced their price objective on Vestis from $10.00 to $5.00 and set an “underweight” rating for the company in a research note on Friday. Robert W. Baird decreased their price target 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. Finally, The Goldman Sachs Group lowered their price target on shares of Vestis from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.75.

Vestis Stock Up 0.3 %

Shares of VSTS opened at $6.29 on Friday. Vestis Co. has a 52-week low of $5.20 and a 52-week high of $17.83. The company has a quick ratio of 1.43, a current ratio of 1.80 and a debt-to-equity ratio of 1.39. The stock has a fifty day simple moving average of $9.08 and a two-hundred day simple moving average of $12.88. The company has a market capitalization of $828.68 million, a PE ratio of 78.63 and a beta of 1.61.

Vestis (NYSE:VSTS) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.20). The firm had revenue of $665.25 million for the quarter, compared to analyst estimates of $690.81 million. Vestis had a return on equity of 7.91% and a net margin of 0.34%. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. As a group, equities analysts forecast that Vestis Co. will post 0.7 EPS for the current year.

About Vestis

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.