BlackRock Inc. purchased a new stake in Aramark (NYSE:ARMK - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,808,188 shares of the company's stock, valued at approximately $1,411,586,000. BlackRock Inc. owned approximately 9.43% of Aramark as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Pallas Capital Advisors LLC bought a new position in shares of Aramark in the 2nd quarter valued at $594,000. Deutsche Bank AG acquired a new stake in Aramark in the second quarter valued at about $13,897,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Aramark in the second quarter valued at about $46,000. J.Safra Asset Management Corp bought a new position in Aramark in the second quarter valued at about $702,000. Finally, Global Retirement Partners LLC acquired a new position in Aramark during the second quarter worth about $191,000.
Analysts Set New Price Targets
A number of research analysts have recently commented on ARMK shares. Truist Financial increased their target price on shares of Aramark from $58.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Stifel Nicolaus lifted their price target on shares of Aramark from $54.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Morgan Stanley set a $63.00 price objective on shares of Aramark in a research report on Tuesday, August 11th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $70.00 target price on shares of Aramark in a research note on Wednesday, August 12th. Finally, New Street Research set a $70.00 price target on shares of Aramark in a report on Thursday, August 13th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Aramark currently has an average rating of "Moderate Buy" and a consensus price target of $69.14.
Check Out Our Latest Stock Analysis on ARMK
Aramark Price Performance
Shares of ARMK opened at $59.44 on Friday. Aramark has a 1 year low of $35.07 and a 1 year high of $62.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14. The company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 41.57, a price-to-earnings-growth ratio of 1.05 and a beta of 1.12. The business has a 50-day moving average of $56.84 and a 200-day moving average of $48.85.
Aramark (NYSE:ARMK - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $5.06 billion for the quarter, compared to analysts' expectations of $4.94 billion. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The firm's revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, equities research analysts anticipate that Aramark will post 2.27 earnings per share for the current year.
Aramark Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.48 annualized dividend and a yield of 0.8%. Aramark's payout ratio is 33.57%.
About Aramark
(
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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