Leeward Investments LLC MA trimmed its holdings in shares of Aramark (NYSE:ARMK – Free Report) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,034 shares of the company’s stock after selling 14,968 shares during the period. Leeward Investments LLC MA owned about 0.11% of Aramark worth $10,617,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the business. Pinnacle Associates Ltd. bought a new stake in shares of Aramark during the 4th quarter worth $237,000. Allworth Financial LP raised its stake in Aramark by 346.5% in the 4th quarter. Allworth Financial LP now owns 6,697 shares of the company’s stock valued at $247,000 after acquiring an additional 5,197 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Aramark in the 4th quarter valued at about $321,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Aramark in the 4th quarter valued at about $237,000. Finally, Horizon Investments LLC bought a new stake in Aramark in the 4th quarter valued at about $95,000.
Aramark Stock Up 3.8%
ARMK stock opened at $52.69 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $13.85 billion, a PE ratio of 39.32, a PEG ratio of 1.23 and a beta of 1.08. Aramark has a twelve month low of $35.07 and a twelve month high of $53.27. The stock has a 50-day simple moving average of $43.11 and a two-hundred day simple moving average of $40.10.
Aramark Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Aramark’s payout ratio is presently 40.34%.
Analyst Ratings Changes
ARMK has been the topic of a number of research reports. Citigroup boosted their price objective on Aramark from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. UBS Group boosted their price objective on Aramark from $48.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday. Bank of America initiated coverage on Aramark in a research note on Tuesday, February 17th. They issued a “buy” rating and a $50.00 price objective on the stock. Stifel Nicolaus boosted their price objective on Aramark from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $54.00 price objective on shares of Aramark in a research note on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.50.
Get Our Latest Stock Analysis on Aramark
Key Aramark News
Here are the key news stories impacting Aramark this week:
- Positive Sentiment: JPMorgan raised its price target on Aramark to $55 and kept an overweight rating, signaling confidence in further upside after the company’s strong quarter and improved outlook.
- Positive Sentiment: Truist lifted its target to $58 and reiterated a buy rating, pointing to continued execution and potential for additional gains.
- Positive Sentiment: Stifel also increased its target to $54 with a buy rating, while Robert W. Baird boosted its target to $58 and maintained outperform, adding to the bullish analyst backdrop.
- Positive Sentiment: Recent earnings-call coverage highlighted strong revenue growth and strategic wins, including new business wins and expansion tied to AI data centers, which may support longer-term growth expectations.
- Neutral Sentiment: One valuation-focused article reviewed Aramark’s stock after the strong quarter and AI data center initiative, but did not indicate a new material catalyst beyond reinforcing the improved investment case.
Aramark Company 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.
Read More
- Five stocks we like better than Aramark
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Want to see what other hedge funds are holding ARMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aramark (NYSE:ARMK – Free Report).
Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.
