Aramark $ARMK Shares Sold by Comerica Bank

Key Points

• Comerica Bank cut its Aramark stake by 35.2% in Q4, selling 35,485 shares and ending the quarter with 65,227 shares worth about $2.40 million.
• Aramark slightly beat Q results with $0.51 EPS vs. $0.50 expected and $4.83 billion revenue (up 6.1% YoY), and issued FY2026 guidance of 2.18–2.28 EPS versus analysts' consensus of 2.22.
• Analyst sentiment is largely positive—eight Buys and two Holds—with a consensus price target of $48.67 and several firms recently raising targets to around $50.

Comerica Bank lowered its position in Aramark (NYSE:ARMK - Free Report) by 35.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,227 shares of the company's stock after selling 35,485 shares during the quarter. Comerica Bank's holdings in Aramark were worth $2,404,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARMK. Cetera Investment Advisers increased its position in shares of Aramark by 7.4% during the second quarter. Cetera Investment Advisers now owns 8,294 shares of the company's stock worth $347,000 after acquiring an additional 573 shares during the last quarter. Profund Advisors LLC boosted its holdings in Aramark by 11.1% in the third quarter. Profund Advisors LLC now owns 5,861 shares of the company's stock valued at $225,000 after purchasing an additional 585 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Aramark during the 3rd quarter valued at approximately $28,000. Quarry LP purchased a new stake in Aramark during the 3rd quarter worth approximately $35,000. Finally, Bayforest Capital Ltd raised its position in shares of Aramark by 75.1% in the 3rd quarter. Bayforest Capital Ltd now owns 2,124 shares of the company's stock valued at $82,000 after purchasing an additional 911 shares in the last quarter.

Aramark Stock Performance

ARMK stock opened at $45.25 on Wednesday. Aramark has a 12-month low of $33.71 and a 12-month high of $46.88. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 1.94. The stock's 50 day simple moving average is $42.23 and its 200 day simple moving average is $39.70. The firm has a market cap of $11.89 billion, a P/E ratio of 38.03, a P/E/G ratio of 1.09 and a beta of 1.08.

Aramark (NYSE:ARMK - Get Free Report) last issued its earnings results on Tuesday, February 10th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. Aramark had a return on equity of 16.15% and a net margin of 1.69%.The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same period last year, the company earned $0.51 earnings per share. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, equities research analysts predict that Aramark will post 2.22 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ARMK shares. Robert W. Baird set a $50.00 price target on shares of Aramark in a research report on Wednesday, February 11th. Citigroup increased their price objective on shares of Aramark from $49.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday, February 12th. Morgan Stanley set a $45.00 target price on shares of Aramark in a research report on Tuesday, February 10th. Truist Financial upped their price target on Aramark from $46.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, February 17th. Finally, Oppenheimer upped their price target on Aramark from $43.00 to $50.00 and gave the company an "outperform" rating in a research report on Wednesday, March 25th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Aramark has an average rating of "Moderate Buy" and a consensus price target of $48.67.

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.

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.