6,377 Shares in Aramark $ARMK Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new stake in Aramark (NYSE:ARMK - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,377 shares of the company's stock, valued at approximately $273,000.

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its stake in shares of Aramark by 29.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 17,605,896 shares of the company's stock worth $607,756,000 after acquiring an additional 4,012,162 shares during the period. Fiduciary Management Inc. WI lifted its holdings in Aramark by 13.8% during the first quarter. Fiduciary Management Inc. WI now owns 13,037,630 shares of the company's stock valued at $450,059,000 after purchasing an additional 1,582,890 shares during the last quarter. Junto Capital Management LP bought a new position in Aramark during the first quarter worth about $46,499,000. Nuveen LLC purchased a new position in shares of Aramark in the first quarter worth about $37,476,000. Finally, Egerton Capital UK LLP raised its position in shares of Aramark by 79.0% in the first quarter. Egerton Capital UK LLP now owns 2,075,126 shares of the company's stock valued at $71,633,000 after purchasing an additional 916,054 shares during the period.

Analyst Upgrades and Downgrades

ARMK has been the subject of a number of recent research reports. Robert W. Baird upgraded shares of Aramark from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $43.00 to $47.00 in a research note on Wednesday, August 6th. Baird R W upgraded Aramark from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Aramark in a report on Saturday, September 27th. Wall Street Zen lowered Aramark from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, UBS Group lowered their price target on shares of Aramark from $46.00 to $45.00 and set a "buy" rating on the stock in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $45.33.

Aramark Stock Up 3.1%

Shares of NYSE:ARMK opened at $39.84 on Friday. The firm has a market capitalization of $10.47 billion, a PE ratio of 29.51 and a beta of 1.21. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29. Aramark has a 52-week low of $29.92 and a 52-week high of $44.49. The firm has a fifty day moving average of $39.00 and a 200 day moving average of $38.57.

Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.66 billion. Aramark had a net margin of 2.02% and a return on equity of 15.67%. The business's revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. As a group, research analysts anticipate that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were paid a $0.105 dividend. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $0.42 annualized dividend and a yield of 1.1%. Aramark's payout ratio is currently 31.11%.

Aramark Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.

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