TOMS Capital Investment Management LP Acquires 430,555 Shares of Vestis Co. (NYSE:VSTS)

TOMS Capital Investment Management LP boosted its stake in shares of Vestis Co. (NYSE:VSTS) by 22.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,330,155 shares of the company’s stock after buying an additional 430,555 shares during the period. Vestis makes up approximately 1.3% of TOMS Capital Investment Management LP’s holdings, making the stock its 12th biggest holding. TOMS Capital Investment Management LP’s holdings in Vestis were worth $34,719,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VSTS. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Vestis in the 3rd quarter valued at about $51,000. PDT Partners LLC grew its holdings in shares of Vestis by 2.7% during the third quarter. PDT Partners LLC now owns 104,753 shares of the company’s stock worth $1,561,000 after buying an additional 2,795 shares in the last quarter. Verition Fund Management LLC raised its position in Vestis by 70.4% in the 3rd quarter. Verition Fund Management LLC now owns 119,378 shares of the company’s stock valued at $1,779,000 after buying an additional 49,302 shares during the last quarter. Captrust Financial Advisors bought a new stake in Vestis in the 3rd quarter valued at approximately $201,000. Finally, Walleye Capital LLC acquired a new position in Vestis during the 3rd quarter worth approximately $1,655,000. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VSTS. The Goldman Sachs Group lifted their price objective on shares of Vestis from $13.60 to $15.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Robert W. Baird cut shares of Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research report on Thursday, August 8th. Barclays raised their price objective on Vestis from $10.00 to $13.00 and gave the company an “underweight” rating in a report on Friday, November 22nd. Baird R W lowered Vestis from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. increased their price target on Vestis from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Vestis has an average rating of “Hold” and an average price target of $16.91.

Vestis Trading Down 0.6 %

Shares of NYSE:VSTS opened at $16.08 on Monday. Vestis Co. has a 52-week low of $8.92 and a 52-week high of $22.37. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.36 and a current ratio of 1.73. The company has a market capitalization of $2.12 billion and a P/E ratio of 100.51. The company has a 50-day simple moving average of $14.69 and a 200 day simple moving average of $13.49.

Vestis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Friday, December 13th. Vestis’s payout ratio is presently 87.51%.

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.