Allianz Asset Management GmbH Acquires 129,415 Shares of Vestis Corporation $VSTS

Allianz Asset Management GmbH lifted its stake in Vestis Corporation (NYSE:VSTS) by 22.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 700,798 shares of the company’s stock after purchasing an additional 129,415 shares during the quarter. Allianz Asset Management GmbH owned about 0.53% of Vestis worth $3,175,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Abacus Planning Group Inc. boosted its holdings in Vestis by 8.9% in the third quarter. Abacus Planning Group Inc. now owns 28,058 shares of the company’s stock worth $127,000 after acquiring an additional 2,294 shares in the last quarter. Captrust Financial Advisors boosted its stake in Vestis by 15.6% in the 2nd quarter. Captrust Financial Advisors now owns 20,599 shares of the company’s stock worth $118,000 after purchasing an additional 2,787 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Vestis by 471.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,456 shares of the company’s stock worth $31,000 after purchasing an additional 4,502 shares in the last quarter. Osaic Holdings Inc. grew its position in Vestis by 703.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,743 shares of the company’s stock valued at $33,000 after purchasing an additional 5,028 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Vestis by 331.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,427 shares of the company’s stock valued at $54,000 after purchasing an additional 7,242 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VSTS. Weiss Ratings reiterated a “sell (d)” rating on shares of Vestis in a research note on Wednesday, January 21st. Robert W. Baird boosted their price objective on shares of Vestis from $5.00 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. upped their price objective on Vestis from $5.50 to $6.00 and gave the company an “underweight” rating in a research report on Wednesday, December 3rd. Finally, The Goldman Sachs Group lifted their target price on Vestis from $5.30 to $6.00 and gave the stock a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Sell” and a consensus price target of $5.88.

Trending Headlines about Vestis

Here are the key news stories impacting Vestis this week:

• Positive Sentiment: Q1 adjusted EPS beat consensus ($0.10 vs. $0.06), and the company reported positive adjusted EBITDA and operating cash flow, which investors view as evidence the turnaround is producing early results. Read More.
• Positive Sentiment: Management used the earnings call/press release to reaffirm the fiscal‑2026 outlook and highlighted operating metrics (Adjusted EBITDA $70.4M, cash flow from operations $37.7M) that support the case for stabilization. Read More.
• Positive Sentiment: Management outlined “early turnaround” steps on the call (operational focus and cost discipline) that analysts flagged as constructive for medium‑term margin recovery. Read More.
• Neutral Sentiment: Full earnings call transcript and slide deck are available for detailed review; investors can parse cadence and guidance nuance from management remarks. Read More.
• Negative Sentiment: Revenue of $663.4M missed consensus marginally and was down ~3% year‑over‑year, and GAAP showed a small net loss (‑$6.4M), highlighting demand pressure and keeping near‑term margin recovery uncertain. Read More.
• Negative Sentiment: An analyst/broker note set a $5.70 target, which is below recent trading levels and could cap upside unless guidance or execution materially improves. Read More.

Insider Activity at Vestis

In related news, Director Keith A. Meister purchased 209,842 shares of Vestis stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average price of $6.79 per share, for a total transaction of $1,424,827.18. Following the transaction, the director directly owned 19,813,963 shares in the company, valued at approximately $134,536,808.77. This trade represents a 1.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William Goetz purchased 6,746 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was bought at an average cost of $7.42 per share, for a total transaction of $50,055.32. Following the completion of the purchase, the director directly owned 29,877 shares in the company, valued at $221,687.34. This represents a 29.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 1,205,810 shares of company stock worth $8,138,302 in the last quarter. 15.70% of the stock is owned by insiders.

Vestis Stock Up 2.3%

VSTS stock opened at $8.70 on Thursday. The firm’s fifty day moving average is $6.89 and its 200 day moving average is $5.69. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.64 and a current ratio of 2.17. Vestis Corporation has a one year low of $3.98 and a one year high of $13.85. The firm has a market cap of $1.15 billion, a PE ratio of -23.50 and a beta of 0.73.

Vestis (NYSE:VSTS) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. Vestis had a positive return on equity of 2.08% and a negative net margin of 1.75%.The company had revenue of $663.39 million during the quarter, compared to analysts’ expectations of $665.77 million. During the same quarter in the prior year, the firm posted $0.14 EPS. Vestis’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, research analysts forecast that Vestis Corporation 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. The company serves manufacturing, hospitality, retail, food processing, food service, pharmaceuticals, healthcare, automotive, and cleanroom industries.