Charles Schwab Investment Management Inc. Increases Stock Position in Aramark $ARMK

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Aramark by 1.2% in Q1, acquiring an additional 21,655 shares to hold a total of 1,768,526 shares, valued at approximately $61 million.
• Aramark's recent quarterly earnings report revealed an EPS of $0.40, meeting analysts' expectations, with revenue of $4.63 billion, showing a 5.7% year-over-year increase.
• The company declared a quarterly dividend of $0.105 per share, which represents an annualized dividend of $0.42 and a yield of 1.1%.

Charles Schwab Investment Management Inc. raised its position in shares of Aramark (NYSE:ARMK - Free Report) by 1.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,768,526 shares of the company's stock after purchasing an additional 21,655 shares during the period. Charles Schwab Investment Management Inc. owned 0.67% of Aramark worth $61,050,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ARMK. Harbour Investments Inc. boosted its stake in Aramark by 40,750.0% in the 1st quarter. Harbour Investments Inc. now owns 817 shares of the company's stock valued at $28,000 after buying an additional 815 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Aramark by 93.0% during the fourth quarter. Bessemer Group Inc. now owns 770 shares of the company's stock valued at $29,000 after acquiring an additional 371 shares during the period. Lazard Asset Management LLC bought a new stake in Aramark in the fourth quarter valued at about $72,000. UMB Bank n.a. increased its holdings in shares of Aramark by 82.6% in the first quarter. UMB Bank n.a. now owns 2,472 shares of the company's stock worth $85,000 after acquiring an additional 1,118 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Aramark by 21.1% in the first quarter. Fifth Third Bancorp now owns 2,859 shares of the company's stock worth $99,000 after acquiring an additional 499 shares in the last quarter.

Aramark Price Performance

ARMK traded up $0.17 during trading on Tuesday, reaching $39.51. The stock had a trading volume of 986,311 shares, compared to its average volume of 2,035,016. The stock has a market cap of $10.39 billion, a PE ratio of 29.30 and a beta of 1.33. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29. Aramark has a one year low of $29.92 and a one year high of $44.49. The business has a 50-day moving average of $41.66 and a 200-day moving average of $38.01.

Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The business had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.66 billion. Aramark had a net margin of 2.02% and a return on equity of 15.67%. The company's revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. As a group, equities research 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 will be paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.1%. Aramark's dividend payout ratio (DPR) is currently 31.11%.

Wall Street Analysts Forecast Growth

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