California State Teachers Retirement System Lowers Stock Holdings in Aramark $ARMK

California State Teachers Retirement System lowered its stake in shares of Aramark (NYSE:ARMK - Free Report) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 304,311 shares of the company's stock after selling 1,166 shares during the period. California State Teachers Retirement System owned 0.12% of Aramark worth $17,315,296 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARMK. BlackRock Inc. purchased a new position in Aramark in the second quarter valued at approximately $1,411,586,000. Jupiter Topco LLC acquired a new position in shares of Aramark during the second quarter worth approximately $1,041,407,000. Capital International Investors boosted its holdings in shares of Aramark by 1.0% in the fourth quarter. Capital International Investors now owns 24,894,503 shares of the company's stock worth $917,789,000 after buying an additional 247,594 shares during the period. Janus Henderson Group PLC boosted its position in Aramark by 0.7% during the fourth quarter. Janus Henderson Group PLC now owns 18,195,901 shares of the company's stock worth $670,702,000 after purchasing an additional 128,199 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Aramark by 13.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,177,184 shares of the company's stock valued at $290,962,000 after purchasing an additional 868,900 shares during the period.

Aramark Stock Performance

Shares of NYSE:ARMK traded up $0.09 during trading on Tuesday, reaching $58.62. The stock had a trading volume of 1,621,059 shares, compared to its average volume of 2,805,957. The company has a quick ratio of 1.14, a current ratio of 1.28 and a debt-to-equity ratio of 1.80. The stock has a fifty day simple moving average of $57.86 and a two-hundred day simple moving average of $51.03. The firm has a market capitalization of $15.45 billion, a price-to-earnings ratio of 40.94, a P/E/G ratio of 1.03 and a beta of 1.12. Aramark has a 52 week low of $35.07 and a 52 week high of $62.65.

Aramark (NYSE:ARMK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter 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. As a group, analysts anticipate that Aramark will post 2.27 earnings per share for the current fiscal year.

Aramark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, August 19th. Aramark's payout ratio is presently 33.57%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ARMK shares. New Street Research set a $70.00 price target on Aramark in a report on Thursday, August 13th. Stifel Nicolaus boosted their target price on shares of Aramark from $54.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Weiss Ratings upgraded shares of Aramark from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday. The Goldman Sachs Group reiterated a "buy" rating and set a $70.00 price objective on shares of Aramark in a report on Wednesday, August 12th. Finally, Robert W. Baird raised their target price on shares of Aramark from $63.00 to $69.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.14.

About Aramark

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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