Neuberger Berman Group LLC Acquires 595,953 Shares of Aramark $ARMK

Neuberger Berman Group LLC boosted its holdings in Aramark (NYSE:ARMK) by 39.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,089,164 shares of the company’s stock after acquiring an additional 595,953 shares during the quarter. Neuberger Berman Group LLC’s holdings in Aramark were worth $80,224,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in Aramark during the 2nd quarter worth approximately $135,218,000. Soros Fund Management LLC purchased a new position in shares of Aramark during the second quarter valued at approximately $64,902,000. Ilex Capital Partners UK LLP bought a new stake in Aramark during the second quarter worth $52,142,000. Sunriver Management LLC bought a new stake in Aramark during the second quarter worth $51,865,000. Finally, Massachusetts Financial Services Co. MA raised its position in Aramark by 6.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 18,673,028 shares of the company’s stock valued at $781,840,000 after buying an additional 1,067,132 shares during the last quarter.

Analyst Upgrades and Downgrades

ARMK has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Aramark in a research note on Monday, December 29th. Morgan Stanley set a $45.00 target price on shares of Aramark in a research note on Tuesday, February 10th. Citigroup increased their target price on shares of Aramark from $49.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Truist Financial boosted their price target on shares of Aramark from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Finally, UBS Group set a $47.00 price objective on shares of Aramark and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.38.

Aramark Stock Down 1.9%

ARMK opened at $40.28 on Friday. Aramark has a 12 month low of $29.92 and a 12 month high of $44.49. The company has a market cap of $10.59 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 1.00 and a beta of 1.06. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 1.94. The company has a 50 day moving average of $39.27 and a 200 day moving average of $38.64.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.76 billion. Aramark had a return on equity of 16.15% and a net margin of 1.69%.The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, sell-side analysts expect that Aramark will post 1.92 EPS for the current year.

Aramark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th were paid a $0.12 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $0.48 annualized dividend and a yield of 1.2%. Aramark’s dividend payout ratio (DPR) is currently 40.34%.

Aramark Company Profile

Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.

Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.