Savant Capital LLC Cuts Position in Vestis Corporation $VSTS

Savant Capital LLC cut its stake in Vestis Corporation (NYSE:VSTS) by 52.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,595 shares of the company’s stock after selling 44,951 shares during the quarter. Savant Capital LLC’s holdings in Vestis were worth $271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in VSTS. EverSource Wealth Advisors LLC increased its holdings in shares of Vestis by 471.9% in the 2nd 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 during the period. Osaic Holdings Inc. increased its holdings in shares of Vestis by 703.2% in the 2nd 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 during the period. Nisa Investment Advisors LLC increased its holdings in shares of Vestis by 147.3% in the 4th 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 during the period. Farther Finance Advisors LLC increased its holdings in shares of Vestis by 176.1% in the 4th 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 during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Vestis by 147.1% in the 4th 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 during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Vestis Trading Down 2.5%

Shares of Vestis stock opened at $12.91 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.13 and a quick ratio of 1.69. The firm has a fifty day moving average price of $10.20 and a 200 day moving average price of $8.14. Vestis Corporation has a 1 year low of $3.98 and a 1 year high of $13.52. The stock has a market cap of $1.71 billion, a PE ratio of -92.21 and a beta of 1.08.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. William Blair upgraded Vestis from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. The Goldman Sachs Group reissued a “sell” rating and issued a $7.50 price objective on shares of Vestis in a research report on Wednesday, May 13th. Stifel Nicolaus raised their price objective on Vestis from $8.50 to $11.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. Barclays raised their price objective on Vestis from $6.00 to $9.00 and gave the stock an “underweight” rating in a research report on Friday, May 15th. Finally, Robert W. Baird raised their price objective on Vestis from $10.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Vestis has a consensus rating of “Reduce” and a consensus target price of $9.50.

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