Legal & General Group Plc Purchases New Stake in Aramark $ARMK

Legal & General Group Plc purchased a new position in Aramark (NYSE:ARMK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 378,527 shares of the company’s stock, valued at approximately $21,538,000. Legal & General Group Plc owned about 0.14% of Aramark as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Activest Wealth Management bought a new stake in shares of Aramark in the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Aramark in the 3rd quarter worth approximately $28,000. Cedar Mountain Advisors LLC purchased a new stake in Aramark in the 1st quarter worth approximately $32,000. Kestra Advisory Services LLC bought a new stake in shares of Aramark in the 4th quarter worth approximately $32,000. Finally, Elevation Wealth Partners LLC increased its stake in shares of Aramark by 2,842.9% during the second quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock valued at $35,000 after buying an additional 597 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ARMK shares. JPMorgan Chase & Co. lifted their price target on shares of Aramark from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Royal Bank Of Canada raised their price objective on shares of Aramark from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Morgan Stanley set a $63.00 target price on Aramark in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $74.00 price objective on shares of Aramark in a report on Wednesday, August 12th. Finally, UBS Group increased their price target on shares of Aramark from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Aramark has an average rating of “Moderate Buy” and an average target price of $69.14.

Aramark Trading Down 1.4%

Shares of NYSE:ARMK opened at $58.06 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14. Aramark has a 1 year low of $35.07 and a 1 year high of $62.65. The company has a market cap of $15.31 billion, a P/E ratio of 40.60, a PEG ratio of 1.02 and a beta of 1.12. The stock’s fifty day moving average price is $57.48 and its 200-day moving average price is $49.65.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The company had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.94 billion. Aramark had a return on equity of 17.68% and a net margin of 1.93%.Aramark’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the company earned $0.40 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Sell-side analysts expect that Aramark will post 2.27 earnings per share for the current year.

Aramark Announces Dividend

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

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.