Sarasin & Partners LLP Trims Position in Aramark $ARMK

Sarasin & Partners LLP lessened its holdings in shares of Aramark (NYSE:ARMK) by 34.4% in the second quarter, Holdings Channel.com reports. The fund owned 40,000 shares of the company’s stock after selling 21,000 shares during the period. Sarasin & Partners LLP’s holdings in Aramark were worth $2,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Activest Wealth Management bought a new stake in Aramark in the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd bought a new position in Aramark in the 3rd quarter worth $28,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Aramark in the 1st quarter worth about $32,000. Kestra Advisory Services LLC bought a new stake in shares of Aramark during the 4th quarter valued at about $32,000. Finally, Quarry LP bought a new stake in shares of Aramark during the 3rd quarter valued at about $35,000.

Aramark Trading Down 1.0%

NYSE:ARMK opened at $56.29 on Friday. The firm has a market capitalization of $14.80 billion, a P/E ratio of 42.01, a PEG ratio of 1.08 and a beta of 1.12. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.21 and a quick ratio of 1.07. Aramark has a one year low of $35.07 and a one year high of $58.68. The company’s 50-day simple moving average is $55.62 and its 200 day simple moving average is $47.38.

Aramark (NYSE:ARMK) last announced its earnings results 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 net margin of 1.84% and a return on equity of 17.05%. The business had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The business’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, analysts forecast that Aramark will post 2.24 EPS for the current fiscal year.

Aramark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be 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 is Wednesday, August 19th. Aramark’s dividend payout ratio (DPR) is 35.82%.

Analyst Ratings Changes

A number of research firms recently issued reports on ARMK. The Goldman Sachs Group reissued a “buy” rating and issued a $51.00 price target on shares of Aramark in a research note on Wednesday, May 13th. Stifel Nicolaus lifted their price objective on Aramark from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Oppenheimer upped their target price on Aramark from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. UBS Group reissued a “buy” rating and issued a $67.00 target price on shares of Aramark in a research report on Monday, July 13th. Finally, Royal Bank Of Canada raised their target price on Aramark from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.62.

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.