Engineers Gate Manager LP Has $14.58 Million Stake in Aramark $ARMK

Key Points

• Engineers Gate Manager LP cut its Aramark stake by 83.2% in the second quarter, selling 1.27 million shares and retaining 256,290 shares worth approximately $14.58 million.
• Analyst sentiment remains positive: 12 analysts rate Aramark a Buy and two rate it Hold, resulting in a “Moderate Buy” consensus and an average price target of $69.14.
• Aramark exceeded quarterly expectations with adjusted EPS of $0.52 versus the $0.48 consensus and revenue of $5.06 billion; it also declared a $0.12 quarterly dividend, equal to a 0.8% annualized yield.

Engineers Gate Manager LP reduced its stake in Aramark (NYSE:ARMK - Free Report) by 83.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 256,290 shares of the company's stock after selling 1,268,829 shares during the period. Engineers Gate Manager LP owned about 0.10% of Aramark worth $14,583,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ARMK. Goldman Sachs Group Inc. grew its stake in shares of Aramark by 38.2% during the first quarter. Goldman Sachs Group Inc. now owns 489,646 shares of the company's stock worth $16,903,000 after buying an additional 135,224 shares during the last quarter. Creative Planning lifted its stake in shares of Aramark by 36.0% in the 2nd quarter. Creative Planning now owns 9,918 shares of the company's stock valued at $415,000 after acquiring an additional 2,625 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Aramark by 7.4% during the 2nd quarter. Cetera Investment Advisers now owns 8,294 shares of the company's stock valued at $347,000 after acquiring an additional 573 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Aramark during the 2nd quarter valued at $640,000. Finally, Cerity Partners LLC grew its position in Aramark by 61.5% during the 2nd quarter. Cerity Partners LLC now owns 16,097 shares of the company's stock worth $674,000 after acquiring an additional 6,127 shares during the last quarter.

Analyst Upgrades and Downgrades

ARMK has been the subject of a number of recent research reports. Bank of America upped their target price on Aramark from $59.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday, June 2nd. Oppenheimer boosted their price target on Aramark from $60.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, June 29th. Royal Bank Of Canada upped their price objective on Aramark from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, August 19th. Truist Financial raised their price objective on shares of Aramark from $58.00 to $70.00 and gave the company a "buy" rating in a report on Monday, July 27th. Finally, Weiss Ratings downgraded shares of Aramark from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $69.14.

Aramark Stock Down 1.3%

Shares of ARMK opened at $56.86 on Thursday. The stock's 50-day moving average price is $57.75 and its two-hundred day moving average price is $50.67. Aramark has a 12 month low of $35.07 and a 12 month high of $62.65. The company has a market capitalization of $14.99 billion, a PE ratio of 39.76, a PEG ratio of 1.01 and a beta of 1.12. The company has a current ratio of 1.28, a quick ratio of 1.14 and a debt-to-equity ratio of 1.80.

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

Aramark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were given a $0.12 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. Aramark's payout ratio is 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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