Corient Private Wealth LP Makes New Investment in Aramark $ARMK

Key Points

• Corient Private Wealth purchased 46,363 Aramark shares during the second quarter, valued at approximately $2.64 million. BlackRock and several other institutional investors also initiated or increased positions in the company.
• Analyst sentiment remains positive: 12 analysts rate Aramark a Buy and two rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $69.14.
• Aramark exceeded quarterly expectations with $0.52 in EPS and $5.06 billion in revenue, while revenue increased 9.3% year over year. The company also declared a quarterly dividend of $0.12 per share, representing a 0.8% annualized yield.

Corient Private Wealth LP bought a new stake in shares of Aramark (NYSE:ARMK - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 46,363 shares of the company's stock, valued at approximately $2,638,000.

A number of other institutional investors also recently bought and sold shares of ARMK. BlackRock Inc. purchased a new position in shares of Aramark in the 2nd quarter valued at approximately $1,411,586,000. Entropy Technologies LP purchased a new stake in Aramark in the first quarter worth $2,552,000. Callan Family Office LLC bought a new position in Aramark in the second quarter worth $2,065,000. Bank of New York Mellon Corp lifted its position in Aramark by 4.7% during the first quarter. Bank of New York Mellon Corp now owns 2,558,199 shares of the company's stock valued at $103,709,000 after buying an additional 114,662 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Aramark by 18.1% during the 1st quarter. Sei Investments Co. now owns 242,743 shares of the company's stock valued at $9,841,000 after buying an additional 37,222 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $74.00 target price on shares of Aramark in a research report on Wednesday, August 12th. Truist Financial boosted their price objective on shares of Aramark from $58.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, July 27th. Bank of America upped their price objective on shares of Aramark from $59.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday, June 2nd. UBS Group lifted their target price on shares of Aramark from $67.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Finally, Robert W. Baird boosted their price target on Aramark from $63.00 to $69.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $69.14.

Aramark Price Performance

ARMK opened at $56.55 on Wednesday. The firm has a market cap of $14.91 billion, a PE ratio of 39.55, a P/E/G ratio of 0.99 and a beta of 1.12. The stock has a 50-day moving average price of $57.59 and a 200-day moving average price of $49.93. 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.

Aramark (NYSE:ARMK - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.94 billion. Aramark had a net margin of 1.93% and a return on equity of 17.68%. Aramark's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $0.40 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Sell-side analysts predict 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 will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be 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 is Wednesday, August 19th. Aramark's payout ratio is presently 33.57%.

Aramark Company Profile

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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