122,615 Shares in Aramark $ARMK Acquired by Reliant Investment Management LLC

Reliant Investment Management LLC acquired a new position in Aramark (NYSE:ARMK) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 122,615 shares of the company’s stock, valued at approximately $6,566,000. Aramark comprises 2.2% of Reliant Investment Management LLC’s investment portfolio, making the stock its 18th biggest holding.

Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in Aramark in the 2nd quarter valued at $4,248,000. Bank of America Corp DE bought a new position in Aramark during the 2nd quarter valued at $137,742,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Aramark during the 2nd quarter valued at $1,001,000. Corient Private Wealth LP boosted its holdings in Aramark by 477.3% during the 2nd quarter. Corient Private Wealth LP now owns 65,214 shares of the company’s stock worth $3,711,000 after acquiring an additional 53,917 shares during the last quarter. Finally, BlackRock Inc. purchased a new position in Aramark during the 2nd quarter worth $1,411,586,000.

Aramark Stock Down 0.2%

ARMK stock opened at $54.68 on Thursday. The stock’s fifty day simple moving average is $57.17 and its two-hundred day simple moving average is $53.36. 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 1-year low of $35.07 and a 1-year high of $62.65. The stock has a market cap of $14.42 billion, a P/E ratio of 25.36, a P/E/G ratio of 0.79 and a beta of 1.12.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. Aramark had a return on equity of 17.68% and a net margin of 1.93%. The firm had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same period last year, the firm posted $0.40 EPS. The business’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. Analysts expect that Aramark will post 2.27 EPS for the current year.

Aramark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.48 annualized dividend and a yield of 0.9%. Aramark’s dividend payout ratio is presently 33.57%.

Analyst Upgrades and Downgrades

ARMK has been the subject of several analyst reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $70.00 target price on shares of Aramark in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $74.00 price target on shares of Aramark in a report on Wednesday, August 12th. JPMorgan Chase & Co. upped their price objective on shares of Aramark from $55.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Morgan Stanley set a $63.00 price objective on shares of Aramark in a research note on Tuesday, August 11th. Finally, New Street Research set a $70.00 price objective on shares of Aramark in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $69.25.

About Aramark

Aramark (NYSE: ARMK) is a provider of food services and facilities management. The company serves businesses, universities, schools, hospitals, sports and entertainment venues, correctional facilities, and other organizations through on-site dining, catering, concessions, refreshment services, and related hospitality offerings.

Its facilities services include custodial services, building operations and maintenance, workplace support, and other services designed to help clients manage their physical environments.