370,351 Shares in Aramark $ARMK Acquired by Ieq Capital LLC

Key Points

• Ieq Capital LLC acquired 370,351 Aramark shares in the second quarter, valued at approximately $21.1 million, giving it a 0.14% stake.
• Aramark reported quarterly EPS of $0.52, beating estimates of $0.48, while revenue rose 9.3% year over year to $5.06 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $69.14, and Aramark declared a quarterly dividend of $0.12 per share.

Ieq Capital LLC acquired a new position in shares of Aramark (NYSE:ARMK - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 370,351 shares of the company's stock, valued at approximately $21,073,000. Ieq Capital LLC owned about 0.14% of Aramark as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Capital International Investors boosted its position in shares of Aramark by 1.0% in the 4th quarter. Capital International Investors now owns 24,894,503 shares of the company's stock worth $917,789,000 after buying an additional 247,594 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Aramark in the second quarter valued at about $1,411,586,000. Janus Henderson Group PLC lifted its holdings in shares of Aramark by 0.7% in the fourth quarter. Janus Henderson Group PLC now owns 18,195,901 shares of the company's stock valued at $670,702,000 after purchasing an additional 128,199 shares in the last quarter. Farallon Capital Management LLC grew its position in shares of Aramark by 4.0% in the fourth quarter. Farallon Capital Management LLC now owns 9,357,046 shares of the company's stock valued at $344,901,000 after purchasing an additional 360,844 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Aramark by 163.1% during the 4th quarter. AQR Capital Management LLC now owns 8,860,010 shares of the company's stock worth $326,580,000 after purchasing an additional 5,492,046 shares during the last quarter.

Aramark Stock Performance

NYSE ARMK opened at $59.71 on Friday. The firm has a market capitalization of $15.74 billion, a P/E ratio of 41.76, a P/E/G ratio of 1.04 and a beta of 1.12. Aramark has a 1-year low of $35.07 and a 1-year high of $62.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14. The business's 50-day simple moving average is $56.95 and its 200-day simple moving average is $48.93.

Aramark (NYSE:ARMK - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter in the prior year, the company earned $0.40 EPS. The company's revenue was up 9.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities analysts predict that Aramark will post 2.27 EPS for the current year.

Aramark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. Aramark's dividend payout ratio is 33.57%.

Wall Street Analyst Weigh In

ARMK has been the topic of a number of analyst reports. Morgan Stanley set a $63.00 price objective on Aramark in a research note on Tuesday, August 11th. Citigroup upped their price objective on shares of Aramark from $70.50 to $74.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Oppenheimer lifted their target price on shares of Aramark from $60.00 to $65.00 and gave the stock an "outperform" rating in a research note on Monday, June 29th. The Goldman Sachs Group reiterated a "buy" rating and issued a $70.00 price target on shares of Aramark in a report on Wednesday, August 12th. Finally, Stifel Nicolaus increased their price target on Aramark from $54.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, August 12th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Aramark presently has a consensus rating of "Moderate Buy" and an average target price of $69.14.

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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