Fiduciary Management Inc. WI Buys 1,582,890 Shares of Aramark $ARMK

Key Points

• Fiduciary Management Inc. increased its stake in Aramark by 13.8%, owning over 13 million shares, making it the fund's third largest holding with a value of approximately $450 million.
• Aramark reported quarterly earnings of $0.40 per share, meeting analysts' consensus estimates, with revenues of $4.63 billion, slightly below expectations.
• The company recently declared a quarterly dividend of $0.105 per share, translating to an annualized yield of 1.1%.

Fiduciary Management Inc. WI raised its position in shares of Aramark (NYSE:ARMK - Free Report) by 13.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,037,630 shares of the company's stock after acquiring an additional 1,582,890 shares during the period. Aramark makes up 4.3% of Fiduciary Management Inc. WI's portfolio, making the stock its 3rd biggest holding. Fiduciary Management Inc. WI owned approximately 4.97% of Aramark worth $450,059,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. 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 worth $28,000 after acquiring an additional 815 shares during the period. Bessemer Group Inc. raised its position in Aramark by 83.2% in the 1st quarter. Bessemer Group Inc. now owns 1,411 shares of the company's stock worth $49,000 after purchasing an additional 641 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Aramark during the fourth quarter valued at $72,000. UMB Bank n.a. grew its position 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 worth $85,000 after buying an additional 1,118 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Aramark by 71.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,534 shares of the company's stock valued at $87,000 after acquiring an additional 1,052 shares during the last quarter.

Aramark Price Performance

NYSE:ARMK traded up $0.30 on Wednesday, hitting $39.73. The company had a trading volume of 465,040 shares, compared to its average volume of 2,036,774. The firm has a 50 day moving average of $41.62 and a two-hundred day moving average of $38.08. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 29.43 and a beta of 1.33. Aramark has a 52 week low of $29.92 and a 52 week 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.

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

Aramark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.1%. Aramark's dividend payout ratio (DPR) is presently 31.11%.

Analysts Set New Price Targets

Several equities research analysts have commented on ARMK shares. UBS Group set a $46.00 target price on shares of Aramark and gave the company a "buy" rating in a research note on Wednesday, August 6th. Robert W. Baird raised shares of Aramark from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $43.00 to $47.00 in a research report on Wednesday, August 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $47.00 price target on shares of Aramark in a research report on Wednesday, May 14th. Morgan Stanley upped their price objective on Aramark from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday, June 30th. Finally, Wall Street Zen downgraded Aramark from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus 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.