Corient Private Wealth LP Buys 53,917 Shares of Aramark $ARMK

Key Points

• Corient Private Wealth increased its Aramark stake by 477.3% in the second quarter, adding 53,917 shares to own 65,214 shares valued at approximately $3.7 million.
• Institutional interest expanded, with BlackRock and Jupiter Topco each establishing positions worth more than $1 billion, alongside purchases by Milford Funds, Norges Bank, and Cooke & Bieler.
• Analysts remain broadly bullish: 12 rate Aramark a Buy and two a Hold, producing a “Moderate Buy” consensus and an average price target of $69.14. The company also beat quarterly earnings and revenue estimates, reporting $0.52 EPS and $5.06 billion in revenue.

Corient Private Wealth LP lifted its stake in shares of Aramark (NYSE:ARMK - Free Report) by 477.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,214 shares of the company's stock after buying an additional 53,917 shares during the period. Corient Private Wealth LP's holdings in Aramark were worth $3,711,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ARMK. BlackRock Inc. purchased a new position in shares of Aramark in the 2nd quarter worth approximately $1,411,586,000. Jupiter Topco LLC purchased a new position in shares of Aramark in the 2nd quarter worth about $1,041,407,000. Milford Funds Ltd. bought a new position in Aramark during the fourth quarter valued at about $181,204,000. Norges Bank purchased a new stake in Aramark during the fourth quarter worth about $128,738,000. Finally, Cooke & Bieler LP purchased a new stake in Aramark during the fourth quarter worth about $118,110,000.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ARMK. Truist Financial boosted their target price on shares of Aramark from $58.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $74.00 price target on shares of Aramark in a research note on Wednesday, August 12th. Morgan Stanley set a $63.00 price objective on Aramark in a research note on Tuesday, August 11th. Royal Bank Of Canada increased their price objective on Aramark from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th. Finally, Stifel Nicolaus raised their target price on Aramark from $54.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Aramark presently has an average rating of "Moderate Buy" and a consensus price target of $69.14.

Aramark Stock Performance

Shares of ARMK opened at $56.47 on Monday. The stock's 50-day simple moving average is $57.87 and its 200 day simple moving average is $51.48. Aramark has a 52-week low of $35.07 and a 52-week high of $62.65. The stock has a market capitalization of $14.89 billion, a price-to-earnings ratio of 39.49, a price-to-earnings-growth ratio of 0.99 and a beta of 1.12. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28.

Aramark (NYSE:ARMK - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The company had revenue of $5.06 billion during the quarter, compared to analysts' expectations of $4.94 billion. During the same quarter in the previous year, the company earned $0.40 earnings per share. Aramark's revenue for the quarter was up 9.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Research analysts forecast that Aramark will post 2.27 EPS for the current fiscal year.

Aramark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, August 19th. Aramark's dividend payout ratio is 33.57%.

Aramark Profile

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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