Aramark $ARMK Shares Acquired by AlphaQuest LLC

Key Points

• AlphaQuest LLC increased its holdings in Aramark by 92.5% during the first quarter, raising its total shares to 23,000, valued at $794,000.
• Several institutional investors have also significantly boosted their positions in Aramark, with Harbour Investments Inc. increasing its stake by 40,750% during the same period.
• Aramark reported $4.63 billion in revenue for the last quarter, slightly below consensus estimates, and set a fiscal year 2025 EPS guidance between 1.910-1.980.

AlphaQuest LLC grew its stake in Aramark (NYSE:ARMK - Free Report) by 92.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,000 shares of the company's stock after purchasing an additional 11,052 shares during the quarter. AlphaQuest LLC's holdings in Aramark were worth $794,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Fiduciary Management Inc. WI grew its position in shares of Aramark by 13.8% in 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 period. Raymond James Financial Inc. grew its position in shares of Aramark by 5.4% in the first quarter. Raymond James Financial Inc. now owns 112,443 shares of the company's stock valued at $3,882,000 after purchasing an additional 5,793 shares during the period. American Century Companies Inc. grew its position in shares of Aramark by 89.3% in the first quarter. American Century Companies Inc. now owns 17,955 shares of the company's stock valued at $620,000 after purchasing an additional 8,468 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Aramark by 16.3% in the first quarter. Dimensional Fund Advisors LP now owns 5,762,907 shares of the company's stock worth $198,922,000 after buying an additional 809,792 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in Aramark by 71.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,534 shares of the company's stock worth $87,000 after acquiring an additional 1,052 shares during the last quarter.

Aramark Stock Down 0.7%

NYSE ARMK traded down $0.29 on Thursday, hitting $39.22. 1,263,043 shares of the stock were exchanged, compared to its average volume of 2,038,122. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 2.03. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49. The company has a market cap of $10.31 billion, a PE ratio of 29.05 and a beta of 1.33. The company has a 50-day moving average price of $41.61 and a 200-day moving average price of $38.09.

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. Aramark had a net margin of 2.02% and a return on equity of 15.67%. The company had revenue of $4.63 billion during the quarter, compared to analysts' expectations of $4.66 billion. During the same quarter in the previous year, the business posted $0.31 EPS. The firm's revenue was up 5.7% on a year-over-year basis. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. Sell-side analysts anticipate that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Dividend Announcement

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

Analyst Upgrades and Downgrades

ARMK has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $47.00 price objective on shares of Aramark in a report on Wednesday, May 14th. Baird R W upgraded Aramark from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. UBS Group set a $46.00 price objective on Aramark and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Robert W. Baird upgraded Aramark from a "neutral" rating to an "outperform" rating and upped their target price for the company from $43.00 to $47.00 in a report on Wednesday, August 6th. Finally, Morgan Stanley raised their target price on Aramark from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $45.44.

Aramark Company 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.