Palisade Capital Management LP Acquires Shares of 61,734 Aramark $ARMK

Palisade Capital Management LP bought a new position in Aramark (NYSE:ARMK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 61,734 shares of the company’s stock, valued at approximately $3,513,000.

A number of other large investors have also added to or reduced their stakes in the company. Activest Wealth Management bought a new position in shares of Aramark during the 4th quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Aramark during the third quarter valued at $28,000. Cedar Mountain Advisors LLC bought a new position in Aramark during the first quarter valued at $32,000. Kestra Advisory Services LLC purchased a new position in shares of Aramark in the 4th quarter worth $32,000. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Aramark by 2,842.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock worth $35,000 after buying an additional 597 shares during the last quarter.

Aramark Price Performance

Aramark stock opened at $59.07 on Wednesday. The firm has a 50-day moving average price of $57.15 and a 200-day moving average price of $49.30. The firm has a market capitalization of $15.57 billion, a PE ratio of 41.31, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12. The company has a current ratio of 1.28, a quick ratio of 1.14 and a debt-to-equity ratio of 1.80. Aramark has a 12-month low of $35.07 and a 12-month high of $62.65.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The company had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same period in the prior year, the firm posted $0.40 EPS. The firm’s 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 EPS for the current year.

Aramark Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Aramark from $63.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Stifel Nicolaus boosted their price objective on Aramark from $54.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Truist Financial upped their price objective on Aramark from $58.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Royal Bank Of Canada raised their price objective on Aramark from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings cut Aramark from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Twelve equities research 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 currently has an average rating of “Moderate Buy” and an average target price 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.