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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Aramark by 1.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,504 shares of the company's stock valued at $915,000 after buying an additional 438 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Aramark by 48.1% in the 1st quarter. GAMMA Investing LLC now owns 6,364 shares of the company's stock valued at $220,000 after buying an additional 2,067 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Aramark by 83.2% in the 1st quarter. Bessemer Group Inc. now owns 1,411 shares of the company's stock valued at $49,000 after buying an additional 641 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Aramark by 3.4% in the 1st quarter. State of Alaska Department of Revenue now owns 31,055 shares of the company's stock valued at $1,072,000 after buying an additional 1,020 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Aramark by 553.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 37,791 shares of the company's stock valued at $1,305,000 after buying an additional 32,006 shares in the last quarter.

Aramark Trading Up 1.4%

ARMK traded up $0.5570 during trading on Wednesday, reaching $40.0370. 4,819,547 shares of the company's stock were exchanged, compared to its average volume of 2,384,291. Aramark has a one year low of $29.92 and a one year high of $44.49. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.03. The stock has a market capitalization of $10.52 billion, a PE ratio of 29.66 and a beta of 1.33. The firm has a fifty day moving average price of $41.65 and a two-hundred day moving average price of $38.03.

Aramark (NYSE:ARMK - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.40 earnings per share for the quarter, hitting analysts' consensus estimates of $0.40. Aramark had a net margin of 2.02% and a return on equity of 15.67%. The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same period in the previous year, the firm posted $0.31 EPS. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. As a group, equities research analysts forecast that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.0%. Aramark's payout ratio is 31.11%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ARMK shares. Robert W. Baird upgraded shares of Aramark from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $43.00 to $47.00 in a research report on Wednesday, August 6th. Baird R W upgraded shares of 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 shares of Aramark and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen cut shares of Aramark from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $47.00 price objective on shares of Aramark in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $45.44.

Aramark 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.