152,400 Shares in Aramark $ARMK Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp bought a new stake in Aramark (NYSE:ARMK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 152,400 shares of the company's stock, valued at approximately $8,672,000. Alberta Investment Management Corp owned approximately 0.06% of Aramark at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Activest Wealth Management bought a new position in Aramark in the 4th quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new position in Aramark in the 3rd quarter valued at approximately $28,000. Cedar Mountain Advisors LLC bought a new position in shares of Aramark during the first quarter valued at $32,000. Kestra Advisory Services LLC acquired a new position in shares of Aramark during the fourth quarter worth $32,000. Finally, Elevation Wealth Partners LLC grew its stake in shares of Aramark by 2,842.9% in the second quarter. Elevation Wealth Partners LLC now owns 618 shares of the company's stock worth $35,000 after purchasing an additional 597 shares during the last quarter.

Aramark Price Performance

Shares of NYSE ARMK opened at $62.38 on Monday. The stock has a market cap of $16.44 billion, a price-to-earnings ratio of 43.62, a PEG ratio of 1.10 and a beta of 1.12. 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 fifty-two week low of $35.07 and a fifty-two week high of $62.65. The firm's 50-day simple moving average is $56.30 and its 200 day simple moving average is $48.24.

Aramark (NYSE:ARMK - Get Free Report) last issued 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. 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 the consensus estimate of $4.94 billion. During the same period in the prior year, the business posted $0.40 earnings per share. The company's quarterly 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. As a group, research analysts anticipate that Aramark will post 2.27 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.48 annualized dividend and a yield of 0.8%. Aramark's dividend payout ratio (DPR) is 33.57%.

Wall Street Analyst Weigh In

A number of research firms have commented on ARMK. Weiss Ratings lowered Aramark from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday. Morgan Stanley set a $63.00 price target on shares of Aramark in a research report on Tuesday, August 11th. Oppenheimer boosted their target price on shares of Aramark from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, June 29th. Bank of America upped their target price on Aramark from $59.00 to $62.00 and gave the company a "buy" rating in a research report on Tuesday, June 2nd. Finally, UBS Group raised their price objective on shares of Aramark from $67.00 to $71.00 and gave the stock a "buy" rating in a research report on Wednesday. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Aramark has a consensus rating of "Moderate Buy" and an average target price of $68.07.

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.

Want to see what other hedge funds are holding ARMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aramark (NYSE:ARMK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source