Norges Bank Makes New Investment in Aramark $ARMK

Norges Bank purchased a new position in shares of Aramark (NYSE:ARMK) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 3,492,633 shares of the company’s stock, valued at approximately $128,738,000.

Several other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers lifted its stake in Aramark by 7.4% in the second quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock worth $347,000 after acquiring an additional 573 shares during the period. Profund Advisors LLC increased its position in Aramark by 11.1% during the 3rd quarter. Profund Advisors LLC now owns 5,861 shares of the company’s stock valued at $225,000 after purchasing an additional 585 shares during the period. Danske Bank A S raised its holdings in shares of Aramark by 37.5% in the 4th quarter. Danske Bank A S now owns 2,200 shares of the company’s stock valued at $81,000 after purchasing an additional 600 shares in the last quarter. Activest Wealth Management bought a new stake in shares of Aramark in the 4th quarter valued at about $27,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Aramark in the 3rd quarter worth approximately $28,000.

Aramark Price Performance

Shares of ARMK stock opened at $53.41 on Friday. Aramark has a fifty-two week low of $35.07 and a fifty-two week 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 firm has a market capitalization of $14.04 billion, a price-to-earnings ratio of 39.86, a PEG ratio of 1.10 and a beta of 1.12. The stock’s 50-day simple moving average is $46.88 and its 200-day simple moving average is $41.63.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The firm had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same period last year, the firm posted $0.35 EPS. Aramark’s revenue 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 analysts forecast that Aramark will post 2.24 earnings per share for the current fiscal year.

Aramark Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Bank of America lifted their price objective on shares of Aramark from $59.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus upped their target price on Aramark from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. increased their target price on Aramark from $49.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $51.00 price target on shares of Aramark in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $54.00 price objective on shares of Aramark in a research note on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Aramark currently has an average rating of “Moderate Buy” and an average target price of $54.50.

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.