Bank of Nova Scotia bought a new stake in shares of Aramark (NYSE:ARMK - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 133,916 shares of the company's stock, valued at approximately $7,620,000. Bank of Nova Scotia owned about 0.05% of Aramark at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Activest Wealth Management purchased a new position in Aramark in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Aramark in the 3rd quarter worth about $28,000. Cedar Mountain Advisors LLC bought a new stake in Aramark in the 1st quarter valued at about $32,000. Kestra Advisory Services LLC purchased a new stake in Aramark during the fourth quarter valued at about $32,000. Finally, Elevation Wealth Partners LLC lifted its holdings in Aramark by 2,842.9% during the second quarter. Elevation Wealth Partners LLC now owns 618 shares of the company's stock valued at $35,000 after purchasing an additional 597 shares during the last quarter.
Aramark Stock Down 0.7%
Shares of NYSE:ARMK opened at $59.32 on Tuesday. The stock's 50-day moving average is $57.06 and its 200 day moving average is $49.15. The company 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. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14. Aramark has a 1 year low of $35.07 and a 1 year high of $62.65.
Aramark (NYSE:ARMK - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 earnings per share 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 analysts' expectations of $4.94 billion. During the same quarter last year, the business posted $0.40 EPS. 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. Sell-side analysts anticipate that Aramark will post 2.27 EPS for the current year.
Aramark Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. Aramark's dividend payout ratio is 33.57%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on ARMK shares. Citigroup boosted their target price on shares of Aramark from $70.50 to $74.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Truist Financial boosted their price target on shares of Aramark from $58.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, July 27th. New Street Research set a $70.00 price objective on Aramark in a report on Thursday, August 13th. Stifel Nicolaus raised their price objective on Aramark from $54.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. boosted their target price on Aramark from $55.00 to $70.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $69.14.
Get Our Latest Stock Analysis on Aramark
Aramark Company Profile
(
Free Report)
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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