PDT Partners LLC Buys 2,795 Shares of Vestis Co. (NYSE:VSTS)

PDT Partners LLC grew its stake in Vestis Co. (NYSE:VSTS) by 2.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 104,753 shares of the company’s stock after purchasing an additional 2,795 shares during the quarter. PDT Partners LLC’s holdings in Vestis were worth $1,561,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings 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 acquiring an additional 2,591,593 shares during the last quarter. Forest Avenue Capital Management LP bought a new stake in Vestis in the 3rd quarter worth about $19,486,000. Granite Investment Partners LLC purchased a new position in Vestis in the 2nd quarter worth about $13,752,000. Assenagon Asset Management S.A. lifted its stake in 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 period. Finally, Stanley Capital Management LLC boosted its holdings 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. 97.40% of the stock is owned by hedge funds and other institutional investors.

Vestis Stock Down 0.6 %

VSTS stock opened at $16.08 on Monday. The business’s 50-day moving average price is $14.69 and its 200-day moving average price is $13.49. The stock has a market cap of $2.12 billion and a P/E ratio of 100.51. The company has a quick ratio of 1.36, a current ratio of 1.73 and a debt-to-equity ratio of 1.40. Vestis Co. has a twelve month low of $8.92 and a twelve month high of $22.37.

Vestis Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently weighed in on VSTS shares. Barclays boosted their price objective on shares of Vestis from $10.00 to $13.00 and gave the company an “underweight” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. increased their price target on Vestis from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. The Goldman Sachs Group lifted their price objective on Vestis from $13.60 to $15.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Robert W. Baird downgraded Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Thursday, August 8th. Finally, Baird R W downgraded Vestis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Vestis currently has a consensus rating of “Hold” and an average target price of $16.91.

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.