Vestis Corp (NYSE: VSTS) stock fell -1.64% on Monday to $16.18 against a previous-day closing price of $16.45. With 3.24 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.06 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $16.47 whereas the lowest price it dropped to was $16.12. The 52-week range on VSTS shows that it touched its highest point at $20.25 and its lowest point at $13.83 during that stretch. It currently has a 1-year price target of $22.00.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VSTS was down-trending over the past week, with a drop of -0.86%, but this was up by 11.51% over a month.
Float and Shares Shorts:
At present, 131.00 million VSTS shares are outstanding with a float of 130.50 million shares on hand for trading. On Oct 30, 2023, short shares totaled 5.84 million, which was 5.02% higher than short shares on . In addition to Ms. Kimberly T. Scott as the firm’s President, CEO & Director, Mr. Ricky T. Dillon serves as its Executive VP & CFO.
Institutional Ownership:
Other institutions hold 19.02% of VSTS, in contrast to 0.39% held by mutual funds. Shares owned by individuals account for -6.58%. As the largest shareholder in VSTS with 7.90% of the stake, BlackRock Fund Advisors holds 10,331,209 shares worth 10,331,209. A second-largest stockholder of VSTS, Geode Capital Management LLC, holds 1,922,192 shares, controlling over 1.47% of the firm’s shares. Soros Fund Management LLC is the third largest shareholder in VSTS, holding 762,360 shares or 0.58% stake. With a 3.12% stake in VSTS, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 4,083,385 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 3.08% of VSTS stock, is the second-largest Mutual Fund holder. It holds 4,030,869 shares valued at 61.63 million. Vanguard Small Cap Index Fund holds 2.57% of the stake in VSTS, owning 3,360,703 shares worth 51.39 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VSTS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VSTS analysts setting a high price target of $29.00 and a low target of $17.00, the average target price over the next 12 months is $22.00. Based on these targets, VSTS could surge 79.23% to reach the target high and rise by 5.07% to reach the target low. Reaching the average price target will result in a growth of 35.97% from current levels.
