Hsbc Holdings PLC lowered its position in Aramark (NYSE:ARMK – Free Report) by 26.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 186,080 shares of the company’s stock after selling 65,388 shares during the quarter. Hsbc Holdings PLC owned approximately 0.07% of Aramark worth $10,575,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Aramark in the 3rd quarter valued at about $28,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Aramark in the first quarter valued at approximately $32,000. Kestra Advisory Services LLC bought a new position in shares of Aramark during the 4th quarter worth approximately $32,000. Elevation Wealth Partners LLC raised its stake in Aramark by 2,842.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock valued at $35,000 after acquiring an additional 597 shares during the period. Finally, Quarry LP acquired a new stake in Aramark during the 3rd quarter valued at $35,000.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on ARMK shares. Morgan Stanley set a $63.00 price objective on shares of Aramark in a research report on Tuesday, August 11th. JPMorgan Chase & Co. upped their price target on shares of Aramark from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Bank of America increased their price target on shares of Aramark from $59.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Truist Financial boosted their price objective on Aramark from $58.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $70.00 target price on shares of Aramark in a research report on Wednesday, August 12th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $69.14.
Aramark Stock Performance
ARMK opened at $56.86 on Thursday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28. Aramark has a 52-week low of $35.07 and a 52-week high of $62.65. The firm has a market cap of $14.99 billion, a P/E ratio of 39.76, a price-to-earnings-growth ratio of 1.01 and a beta of 1.12. The business’s fifty day moving average is $57.75 and its 200-day moving average is $50.67.
Aramark (NYSE:ARMK – Get Free Report) last posted 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 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Sell-side analysts expect that Aramark will post 2.27 EPS for the current fiscal year.
Aramark Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 19th. Aramark’s dividend payout ratio is 33.57%.
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.
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