Aramark $ARMK Shares Sold by Amundi

Key Points

• Amundi cut its Aramark stake by 55.7% in the second quarter, selling 91,390 shares and retaining 72,592 shares valued at approximately $4.13 million.
• Analysts remain broadly positive, with 12 Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $69.14.
• Aramark reported quarterly EPS of $0.52 and revenue of $5.06 billion, surpassing estimates, while revenue increased 9.3% year over year. The company also declared a quarterly dividend of $0.12 per share, implying a 0.8% annual yield.

Amundi lessened its position in shares of Aramark (NYSE:ARMK - Free Report) by 55.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,592 shares of the company's stock after selling 91,390 shares during the period. Amundi's holdings in Aramark were worth $4,130,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ARMK. Henshaw Capital LLC boosted its holdings in shares of Aramark by 0.3% in the 1st 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 during the period. Fifth Third Wealth Advisors LLC grew its position in shares of 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 buying an additional 339 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Aramark by 55.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,152 shares of the company's stock worth $42,000 after acquiring an additional 410 shares during the period. Benjamin Edwards Inc. lifted its holdings in Aramark by 6.6% in the second quarter. Benjamin Edwards Inc. now owns 6,798 shares of the company's stock worth $387,000 after acquiring an additional 418 shares during the last quarter. Finally, Procyon Advisors LLC lifted its holdings in Aramark by 5.3% in the first quarter. Procyon Advisors LLC now owns 10,590 shares of the company's stock worth $429,000 after acquiring an additional 532 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently weighed in on ARMK shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $74.00 price target on shares of Aramark in a research report on Wednesday, August 12th. Robert W. Baird boosted their price objective on Aramark from $63.00 to $69.00 and gave the company an "outperform" rating in a research report on Wednesday, August 12th. New Street Research set a $70.00 price objective on Aramark in a research note on Thursday, August 13th. Truist Financial increased their target price on Aramark from $58.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. Finally, UBS Group reiterated a "buy" rating on shares of Aramark in a research note on Tuesday. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $69.14.

Aramark Price Performance

Shares of NYSE:ARMK opened at $58.53 on Friday. The firm's 50 day moving average is $57.80 and its two-hundred day moving average is $50.84. The firm has a market capitalization of $15.43 billion, a P/E ratio of 40.93, a PEG ratio of 1.03 and a beta of 1.12. 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 has a 52 week low of $35.07 and a 52 week high of $62.65.

Aramark (NYSE:ARMK - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 earnings per share (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 business 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% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Analysts anticipate that Aramark will post 2.27 earnings per share for the current year.

Aramark Dividend Announcement

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

Aramark Company Profile

Aramark NYSE: ARMK is a global provider of food services and facilities management solutions. The company serves organizations across education, healthcare, business and industry, sports and leisure, corrections, and other institutional markets.

Its food services include dining operations, catering, concessions, hospitality, and culinary programs. Aramark also provides facilities services such as housekeeping, plant operations, maintenance, workplace services, and related support programs designed to help clients manage their physical environments.

Headquartered in Philadelphia, Aramark serves customers in the United States and internationally.

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