WINTON GROUP Ltd acquired a new position in shares of Aramark (NYSE:ARMK – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,100 shares of the company’s stock, valued at approximately $518,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARMK. Public Employees Retirement System of Ohio purchased a new stake in shares of Aramark during the 2nd quarter worth approximately $4,248,000. BlackRock Inc. acquired a new stake in shares of Aramark in the 2nd quarter worth approximately $1,411,586,000. Entropy Technologies LP purchased a new position in Aramark in the 1st quarter valued at approximately $2,552,000. Callan Family Office LLC purchased a new position in Aramark in the 2nd quarter valued at approximately $2,065,000. Finally, Permian Investment Partners LP purchased a new stake in Aramark during the second quarter worth $102,118,316.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on ARMK. Citigroup raised their price target on Aramark from $70.50 to $74.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Jefferies Financial Group increased their price objective on shares of Aramark from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $74.00 target price on shares of Aramark in a report on Wednesday, August 12th. Royal Bank Of Canada lifted their target price on shares of Aramark from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Finally, Morgan Stanley set a $63.00 price target on shares of Aramark in a report on Tuesday, August 11th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.14.
Aramark Stock Down 0.4%
Shares of NYSE:ARMK opened at $58.29 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.28 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $15.37 billion, a P/E ratio of 40.76, a P/E/G ratio of 1.03 and a beta of 1.12. Aramark has a 52-week low of $35.07 and a 52-week high of $62.65. The stock’s fifty day simple moving average is $57.90 and its 200-day simple moving average is $51.16.
Aramark (NYSE:ARMK – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter last year, the business posted $0.40 EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, equities research analysts forecast that Aramark will post 2.27 earnings per share for the current fiscal year.
Aramark Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. Aramark’s payout ratio is 33.57%.
Aramark Company Profile
Aramark (NYSE: ARMK) is a global provider of food services and facilities management solutions. The company serves organizations across education, healthcare, business and industry, sports and leisure, corrections, and other institutional markets.
Its food services include dining operations, catering, concessions, hospitality, and culinary programs. Aramark also provides facilities services such as housekeeping, plant operations, maintenance, workplace services, and related support programs designed to help clients manage their physical environments.
Headquartered in Philadelphia, Aramark serves customers in the United States and internationally.
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