Focus Partners Wealth Boosts Holdings in Aramark $ARMK

Key Points

• Focus Partners Wealth increased its holdings in Aramark by 1.1%, now owning 619,386 shares valued at approximately $21.38 million.
• Several institutional investors, including Goldman Sachs and UBS, have also raised their stakes in Aramark, indicating strong interest from the investment community.
• Aramark's recent earnings report showed a net revenue of $4.63 billion for the quarter, reflecting a 5.7% year-over-year increase, although it slightly missed analyst expectations.

Focus Partners Wealth lifted its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 1.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 619,386 shares of the company's stock after acquiring an additional 6,702 shares during the period. Focus Partners Wealth owned approximately 0.24% of Aramark worth $21,381,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Great Lakes Advisors LLC grew its position in shares of Aramark by 4.3% during the 1st quarter. Great Lakes Advisors LLC now owns 9,267 shares of the company's stock worth $320,000 after buying an additional 378 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Aramark by 1.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,504 shares of the company's stock worth $915,000 after acquiring an additional 438 shares during the last quarter. Xponance Inc. lifted its stake in Aramark by 1.5% in the first quarter. Xponance Inc. now owns 31,209 shares of the company's stock valued at $1,077,000 after buying an additional 451 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Aramark by 7.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,788 shares of the company's stock valued at $253,000 after buying an additional 465 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Aramark by 21.1% in the first 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.

Aramark Stock Up 0.4%

Aramark stock traded up $0.16 on Wednesday, hitting $37.72. 618,280 shares of the stock traded hands, compared to its average volume of 2,021,302. Aramark has a 1 year low of $29.92 and a 1 year high of $44.49. The business's fifty day simple moving average is $40.73 and its 200 day simple moving average is $38.23. The firm has a market cap of $9.91 billion, a P/E ratio of 27.96 and a beta of 1.22. 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 released its quarterly earnings results on Tuesday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.40. The business had revenue of $4.63 billion during 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 business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. As a group, sell-side analysts forecast that Aramark will post 1.92 earnings per share for the current year.

Aramark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, August 6th. Aramark's payout ratio is presently 31.11%.

Wall Street Analysts Forecast Growth

Several research firms have commented on ARMK. Wall Street Zen downgraded shares of Aramark from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Baird R W raised shares of Aramark from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Robert W. Baird upgraded shares of Aramark from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $43.00 to $47.00 in a report on Wednesday, August 6th. UBS Group set a $46.00 price objective on shares of Aramark and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley lifted their price objective on shares of Aramark from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $45.44.

About Aramark

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.