Great Lakes Advisors LLC Makes New $5.60 Million Investment in Aramark $ARMK

Great Lakes Advisors LLC acquired a new stake in Aramark (NYSE:ARMK) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 98,346 shares of the company’s stock, valued at approximately $5,596,000.

Other large investors have also made changes to their positions in the company. Activest Wealth Management purchased a new stake in Aramark during the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Aramark in the 3rd quarter valued at about $28,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Aramark during the 1st quarter worth about $32,000. Kestra Advisory Services LLC acquired a new stake in shares of Aramark during the 4th quarter worth about $32,000. Finally, Elevation Wealth Partners LLC grew its holdings in shares of Aramark by 2,842.9% during the second quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock worth $35,000 after buying an additional 597 shares in the last quarter.

Aramark Price Performance

ARMK opened at $59.80 on Thursday. Aramark has a 1 year low of $35.07 and a 1 year high of $62.65. The company’s 50 day simple moving average is $56.75 and its 200 day simple moving average is $48.70. The stock has a market capitalization of $15.77 billion, a PE ratio of 41.82, a P/E/G ratio of 1.06 and a beta of 1.12. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.94 billion. Aramark had a net margin of 1.93% and a return on equity of 17.68%. Aramark’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, sell-side analysts expect that Aramark will post 2.27 EPS for the current year.

Aramark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Aramark’s dividend payout ratio is presently 33.57%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ARMK shares. Oppenheimer upped their price objective on shares of Aramark from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $74.00 price target on shares of Aramark in a report on Wednesday, August 12th. Stifel Nicolaus increased their price target on Aramark from $54.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Jefferies Financial Group raised their price objective on Aramark from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Finally, Morgan Stanley set a $63.00 price objective on Aramark in a research report on Tuesday, August 11th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.14.

Aramark 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.