Aramark $ARMK Shares Purchased by Deutsche Bank AG

Key Points

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Deutsche Bank AG grew its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 352.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,819 shares of the company's stock after purchasing an additional 73,075 shares during the period. Deutsche Bank AG's holdings in Aramark were worth $3,239,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ARMK. Harbour Investments Inc. lifted its holdings in shares of Aramark by 40,750.0% during the 1st quarter. Harbour Investments Inc. now owns 817 shares of the company's stock valued at $28,000 after purchasing an additional 815 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Aramark by 83.2% during the 1st quarter. Bessemer Group Inc. now owns 1,411 shares of the company's stock valued at $49,000 after purchasing an additional 641 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Aramark during the 4th quarter valued at $72,000. UMB Bank n.a. lifted its holdings in shares of Aramark by 82.6% during the 1st quarter. UMB Bank n.a. now owns 2,472 shares of the company's stock valued at $85,000 after purchasing an additional 1,118 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Aramark by 21.1% during the 1st quarter. Fifth Third Bancorp now owns 2,859 shares of the company's stock valued at $99,000 after purchasing an additional 499 shares during the last quarter.

Analyst Ratings Changes

Several analysts have recently commented on the company. Baird R W upgraded Aramark from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. UBS Group set a $46.00 target price on Aramark and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen downgraded Aramark from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Royal Bank Of Canada reissued an "outperform" rating and issued a $47.00 target price on shares of Aramark in a research report on Wednesday, May 14th. Finally, Robert W. Baird raised Aramark from a "neutral" rating to an "outperform" rating and upped their target price for the company from $43.00 to $47.00 in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $45.44.

Aramark Stock Performance

ARMK traded up $0.5980 during midday trading on Friday, hitting $40.0180. 1,355,781 shares of the company were exchanged, compared to its average volume of 2,573,492. The company's 50 day simple moving average is $41.64 and its 200 day simple moving average is $38.06. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 29.64 and a beta of 1.33. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.03. Aramark has a 1-year low of $29.92 and a 1-year high of $44.49.

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

Aramark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.0%. Aramark's dividend payout ratio is currently 31.11%.

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.