Cooke & Bieler LP reduced its position in shares of Aramark (NYSE:ARMK – Free Report) by 27.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,690,085 shares of the company’s stock after selling 639,316 shares during the period. Cooke & Bieler LP’s holdings in Aramark were worth $90,504,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of ARMK. Henshaw Capital LLC grew its stake in shares of Aramark by 0.3% in the first quarter. Henshaw Capital LLC now owns 76,923 shares of the company’s stock valued at $3,118,000 after buying an additional 225 shares in the last quarter. Tidal Investments LLC lifted its stake in Aramark by 0.7% during the 2nd quarter. Tidal Investments LLC now owns 34,983 shares of the company’s stock worth $1,991,000 after acquiring an additional 237 shares in the last quarter. CX Institutional lifted its stake in Aramark by 76.1% during the 3rd quarter. CX Institutional now owns 694 shares of the company’s stock worth $37,000 after acquiring an additional 300 shares in the last quarter. Arizona State Retirement System boosted its holdings in Aramark by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 72,524 shares of the company’s stock valued at $4,127,000 after acquiring an additional 337 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in Aramark by 5.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,444 shares of the company’s stock valued at $261,000 after acquiring an additional 339 shares during the period.
Aramark Stock Down 0.7%
Shares of NYSE ARMK opened at $55.72 on Thursday. The stock has a market cap of $14.69 billion, a P/E ratio of 25.98, a PEG ratio of 0.81 and a beta of 1.12. The business’s fifty day simple moving average is $56.95 and its 200-day simple moving average is $53.87. Aramark has a 12-month low of $35.07 and a 12-month high of $62.65. 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 (NYSE:ARMK – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, topping 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 analysts’ expectations of $4.94 billion. During the same period in the previous year, the firm posted $0.40 EPS. Aramark’s revenue for the quarter was up 9.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, equities analysts predict that Aramark will post 2.27 EPS for the current fiscal year.
Aramark Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. Aramark’s dividend payout ratio (DPR) is presently 33.57%.
Analysts Set New Price Targets
Several equities analysts have weighed in on ARMK shares. Zacks Research raised Aramark from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Morgan Stanley set a $63.00 price target on shares of Aramark in a research report on Tuesday, August 11th. Stifel Nicolaus increased their price target on shares of Aramark from $54.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. UBS Group reissued a “buy” rating on shares of Aramark in a research note on Tuesday, September 8th. Finally, Robert W. Baird lifted their price objective on shares of Aramark from $63.00 to $69.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $69.25.
Read Our Latest Stock Analysis on ARMK
About Aramark
Aramark (NYSE: ARMK) is a global provider of food services and facilities management. The company serves businesses, schools and universities, hospitals, sports and entertainment venues, correctional facilities, and other organizations through contracted service arrangements.
Aramark’s food services include dining programs, catering, concessions, retail food operations, and hospitality services. Its facilities management activities include building operations, housekeeping, custodial services, maintenance, energy management, and related workplace support.
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