Aramark $ARMK Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its position in shares of Aramark (NYSE:ARMK) by 3.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 418,598 shares of the company’s stock after selling 14,494 shares during the period. Legal & General Group Plc’s holdings in Aramark were worth $15,430,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Aramark by 102.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,320,269 shares of the company’s stock valued at $50,700,000 after acquiring an additional 667,528 shares during the period. Artisan Partners Limited Partnership raised its holdings in Aramark by 166.3% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,131,501 shares of the company’s stock worth $43,450,000 after purchasing an additional 706,677 shares during the period. Junto Capital Management LP acquired a new position in Aramark in the 3rd quarter worth about $132,157,000. Fisher Asset Management LLC boosted its position in Aramark by 73.5% during the third quarter. Fisher Asset Management LLC now owns 1,468,699 shares of the company’s stock worth $56,398,000 after purchasing an additional 622,430 shares in the last quarter. Finally, Capital International Investors grew its holdings in Aramark by 2.4% in the third quarter. Capital International Investors now owns 24,646,909 shares of the company’s stock valued at $946,455,000 after purchasing an additional 580,215 shares during the period.

Analyst Ratings Changes

ARMK has been the subject of several research analyst reports. Oppenheimer upped their target price on Aramark from $43.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Bank of America lifted their price target on shares of Aramark from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of Aramark from $49.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Morgan Stanley lifted their target price on shares of Aramark from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Finally, Citigroup reissued a “buy” rating on shares of Aramark in a research note on Monday, May 18th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Aramark presently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

Aramark Stock Down 0.6%

Shares of ARMK opened at $54.06 on Wednesday. The stock has a 50 day moving average price of $46.05 and a 200 day moving average price of $41.30. Aramark has a one year low of $35.07 and a one year high of $54.57. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.07 and a current ratio of 1.21. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 1.12 and a beta of 1.12.

Aramark (NYSE:ARMK) last announced 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 for the quarter, compared to analyst estimates of $4.75 billion. During the same quarter last year, the firm posted $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. Equities research analysts forecast that Aramark will post 2.24 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Aramark’s dividend payout ratio (DPR) is currently 35.82%.

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.