Heartland Advisors Inc. Sells 13,815 Shares of Aramark $ARMK

Heartland Advisors Inc. decreased its holdings in shares of Aramark (NYSE:ARMK) by 5.4% in the fourth quarter, HoldingsChannel reports. The firm owned 244,177 shares of the company’s stock after selling 13,815 shares during the quarter. Heartland Advisors Inc.’s holdings in Aramark were worth $9,000,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARMK. Activest Wealth Management bought a new position in Aramark during the 4th quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd bought a new position in Aramark during the 3rd quarter valued at approximately $28,000. Quarry LP bought a new position in Aramark during the 3rd quarter valued at approximately $35,000. Osterweis Capital Management Inc. bought a new position in Aramark during the 2nd quarter valued at approximately $40,000. Finally, Torren Management LLC bought a new position in Aramark during the 4th quarter valued at approximately $43,000.

Aramark Stock Down 0.7%

Shares of NYSE:ARMK opened at $53.41 on Thursday. Aramark has a 52-week low of $35.07 and a 52-week high of $54.57. The firm has a market capitalization of $14.04 billion, a P/E ratio of 39.86, a P/E/G ratio of 1.11 and a beta of 1.12. The stock has a 50 day moving average price of $47.91 and a 200-day moving average price of $42.10. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.07 and a current ratio of 1.21.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Aramark had a return on equity of 17.05% and a net margin of 1.84%.The company had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same quarter last year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, equities research analysts anticipate that Aramark will post 2.24 EPS for the current fiscal year.

Aramark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Aramark’s dividend payout ratio (DPR) is 35.82%.

Wall Street Analyst Weigh In

A number of research analysts have commented on ARMK shares. UBS Group upped their price target on Aramark from $48.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. upped their price target on Aramark from $49.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $54.00 target price on shares of Aramark in a research report on Wednesday, May 13th. Morgan Stanley increased their target price on Aramark from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Aramark in a research report on Friday, March 27th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Aramark currently has a consensus rating of “Moderate Buy” and an average price target of $54.50.

About Aramark

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.