436,543 Shares in Aramark $ARMK Acquired by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management acquired 436,543 Aramark shares worth approximately $24.8 million, representing about 0.17% of the company.
• Aramark exceeded quarterly expectations, reporting adjusted earnings of $0.52 per share and revenue of $5.06 billion, up 9.3% year over year. The company issued FY 2026 EPS guidance of $2.18–$2.28.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $69.14 versus the reported share price of $59.32. Aramark also announced a quarterly dividend of $0.12 per share, yielding approximately 0.8% annually.

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Aramark (NYSE:ARMK - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 436,543 shares of the company's stock, valued at approximately $24,839,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.17% of Aramark at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ARMK. 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. Activest Wealth Management bought a new position in Aramark during the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new position in Aramark during the 3rd quarter worth about $28,000. Cedar Mountain Advisors LLC bought a new stake in shares of Aramark in the 1st quarter valued at about $32,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Aramark in the second quarter valued at about $46,000.

Aramark Stock Down 0.7%

Shares of NYSE ARMK opened at $59.32 on Tuesday. The firm has a market cap of $15.64 billion, a PE ratio of 41.49, a P/E/G ratio of 1.05 and a beta of 1.12. Aramark has a 12-month low of $35.07 and a 12-month high of $62.65. The company's fifty day simple moving average is $57.06 and its 200 day simple moving average is $49.15. The company has a quick ratio of 1.14, a current ratio of 1.28 and a debt-to-equity ratio of 1.80.

Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $0.40 earnings per share. The business's 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, sell-side analysts forecast that Aramark will post 2.27 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be given a $0.12 dividend. 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 payout ratio is presently 33.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ARMK. Bank of America raised their price objective on Aramark from $59.00 to $62.00 and gave the stock a "buy" rating in a research report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $74.00 target price on shares of Aramark in a research report on Wednesday, August 12th. JPMorgan Chase & Co. raised their price target on shares of Aramark from $55.00 to $70.00 and gave the stock an "overweight" rating in a report on Thursday, August 13th. Royal Bank Of Canada boosted their price target on shares of Aramark from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 19th. Finally, Morgan Stanley set a $63.00 price objective on shares of Aramark in a research note on Tuesday, August 11th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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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