Renaissance Technologies LLC Purchases 358,600 Shares of Aramark $ARMK

Renaissance Technologies LLC boosted its position in shares of Aramark (NYSE:ARMK) by 110.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 683,100 shares of the company’s stock after purchasing an additional 358,600 shares during the quarter. Renaissance Technologies LLC’s holdings in Aramark were worth $27,693,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in Aramark by 4.7% during the first quarter. Bank of New York Mellon Corp now owns 2,558,199 shares of the company’s stock worth $103,709,000 after acquiring an additional 114,662 shares in the last quarter. Oak Thistle LLC increased its holdings in shares of Aramark by 428.2% in the fourth quarter. Oak Thistle LLC now owns 56,069 shares of the company’s stock worth $2,067,000 after acquiring an additional 45,453 shares in the last quarter. CWM LLC raised its position in shares of Aramark by 236.6% during the fourth quarter. CWM LLC now owns 199,751 shares of the company’s stock worth $7,363,000 after purchasing an additional 140,401 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Aramark by 13.8% during the first quarter. Dimensional Fund Advisors LP now owns 7,177,184 shares of the company’s stock worth $290,962,000 after purchasing an additional 868,900 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Aramark by 1,642.8% during the 4th quarter. SG Americas Securities LLC now owns 91,254 shares of the company’s stock valued at $3,364,000 after purchasing an additional 86,018 shares in the last quarter.

Aramark Trading Down 0.3%

NYSE:ARMK opened at $57.23 on Thursday. The company has a market cap of $15.05 billion, a P/E ratio of 42.71, a price-to-earnings-growth ratio of 1.09 and a beta of 1.11. Aramark has a twelve month low of $35.07 and a twelve month high of $58.68. The business has a 50 day moving average price of $55.08 and a two-hundred day moving average price of $46.63. The company has a quick ratio of 1.07, a current ratio of 1.21 and a debt-to-equity ratio of 1.85.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The company had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same period last year, the company earned $0.35 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, analysts expect that Aramark will post 2.24 EPS for the current fiscal year.

Aramark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.48 annualized dividend and a yield of 0.8%. Aramark’s payout ratio is 35.82%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ARMK. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $65.00 target price on shares of Aramark in a research note on Monday, June 29th. Citigroup upped their price target on shares of Aramark from $63.00 to $70.50 and gave the company a “buy” rating in a report on Monday, June 22nd. Truist Financial increased their price objective on shares of Aramark from $58.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday. UBS Group reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Aramark in a research report on Monday, July 13th. Finally, Stifel Nicolaus upped their target price on shares of Aramark from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.62.

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.