PointState Capital LP purchased a new stake in Aramark (NYSE:ARMK – Free Report) during the 2nd quarter, Holdings Channel reports. The firm purchased 2,373,938 shares of the company’s stock, valued at approximately $135,077,000. Aramark makes up about 1.7% of PointState Capital LP’s portfolio, making the stock its 19th biggest holding.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Aramark in the second quarter valued at $1,411,586,000. Entropy Technologies LP bought a new stake in Aramark during the first quarter worth $2,552,000. Bank of New York Mellon Corp raised its position 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. Callan Family Office LLC acquired a new stake in Aramark in the second quarter valued at $2,065,000. Finally, Principal Financial Group Inc. grew its position in shares of Aramark by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 586,473 shares of the company’s stock valued at $23,776,000 after acquiring an additional 21,267 shares during the period.
Analysts Set New Price Targets
ARMK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price 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 lifted their price target on Aramark from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. UBS Group boosted their price target on Aramark from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Weiss Ratings cut Aramark from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, Morgan Stanley set a $63.00 target price on Aramark in a research note on Tuesday, August 11th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Aramark has an average rating of “Moderate Buy” and a consensus target price of $69.14.
Aramark Stock Performance
NYSE ARMK opened at $59.55 on Thursday. The firm has a 50-day moving average of $57.27 and a 200-day moving average of $49.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28. The stock has a market cap of $15.70 billion, a PE ratio of 41.64, a P/E/G ratio of 1.04 and a beta of 1.12. Aramark has a 52-week low of $35.07 and a 52-week high of $62.65.
Aramark (NYSE:ARMK – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.94 billion. Aramark had a net margin of 1.93% and a return on equity of 17.68%. Aramark’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, sell-side analysts anticipate that Aramark will post 2.27 EPS for the current year.
Aramark Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. Aramark’s dividend 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.
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