Vestis Corporation $VSTS Position Lessened by Private Management Group Inc.

Posted by Francis Steltz on Nov 11th, 2026

Private Management Group Inc. reduced its position in Vestis Corporation (NYSE:VSTS – Free Report) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 796,174 shares of the company’s stock after selling 84,490 shares during the period. Private Management Group Inc. owned about 0.60% of Vestis worth $10,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in Vestis in the second quarter worth approximately $9,368,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Vestis by 69.1% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,072,081 shares of the company’s stock worth $8,427,000 after acquiring an additional 437,965 shares in the last quarter. Axon Capital LP acquired a new position in Vestis during the 3rd quarter worth approximately $2,432,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of Vestis by 368.6% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 146,200 shares of the company’s stock valued at $1,953,000 after purchasing an additional 115,000 shares during the last quarter. Finally, Militia Capital Management LLC purchased a new stake in shares of Vestis in the 1st quarter valued at approximately $618,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VSTS shares. Zacks Research lowered shares of Vestis from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. JPMorgan Chase & Co. raised their price target on Vestis from $11.00 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, August 13th. Robert W. Baird upped their price objective on Vestis from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Stifel Nicolaus increased their price objective on Vestis from $11.00 to $14.00 and gave the company a “hold” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Vestis in a research report on Wednesday, November 4th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $12.66.

Read Our Latest Report on VSTS

Vestis Stock Down 0.9%

Vestis stock opened at $14.36 on Wednesday. The company has a market capitalization of $1.90 billion, a P/E ratio of 30.81 and a beta of 0.83. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.75 and a current ratio of 2.17. Vestis Corporation has a fifty-two week low of $5.00 and a fifty-two week high of $16.90. The stock has a 50-day simple moving average of $13.98 and a 200-day simple moving average of $11.69.

Vestis (NYSE:VSTS – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. The firm had revenue of $661.66 million for the quarter, compared to the consensus estimate of $668.94 million. Vestis had a positive return on equity of 7.27% and a negative net margin of 0.20%. Equities research analysts expect that Vestis Corporation will post 0.62 earnings per share for the current year.

Insider Buying and Selling at Vestis

In other news, CEO James Barber acquired 84,500 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was acquired at an average cost of $12.37 per share, with a total value of $1,045,265.00. Following the completion of the acquisition, the chief executive officer owned 867,222 shares of the company’s stock, valued at $10,727,536.14. The trade was a 10.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.70% of the company’s stock.

About Vestis

(Free Report)

Vestis Corporation provides uniform rental and workplace supplies services to businesses and other organizations. Its offerings include workwear, uniforms, floor mats, towels, linens, restroom supplies, and first-aid and safety products. The company also manages services such as delivery, laundering, and replacement of reusable items, helping customers maintain their workwear and workplace supplies. Vestis serves customers in the United States and Canada. It became an independent, publicly traded company in 2023 after separating from Aramark, where its business had operated as the Uniform Services division.