Focus Partners Wealth Increases Stock Position 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 increased its stake in shares of Aramark (NYSE:ARMK - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 619,386 shares of the company's stock after purchasing an additional 6,702 shares during the quarter. Focus Partners Wealth owned 0.24% of Aramark worth $21,381,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in shares of Aramark by 29.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 17,605,896 shares of the company's stock worth $607,756,000 after acquiring an additional 4,012,162 shares in the last quarter. Fiduciary Management Inc. WI grew its position in shares of Aramark by 13.8% in the first quarter. Fiduciary Management Inc. WI now owns 13,037,630 shares of the company's stock valued at $450,059,000 after purchasing an additional 1,582,890 shares during the last quarter. PointState Capital LP boosted its stake in Aramark by 135.4% in the 4th quarter. PointState Capital LP now owns 2,690,617 shares of the company's stock valued at $100,387,000 after buying an additional 1,547,792 shares in the last quarter. Junto Capital Management LP acquired a new position in shares of Aramark during the first quarter valued at $46,499,000. Finally, Nuveen LLC bought a new stake in shares of Aramark in the first quarter worth about $37,476,000.

Aramark Trading Down 0.5%

Shares of NYSE ARMK traded down $0.19 during trading on Tuesday, reaching $37.63. The stock had a trading volume of 574,334 shares, compared to its average volume of 2,023,924. The company has a market cap of $9.89 billion, a P/E ratio of 27.85 and a beta of 1.22. The business's 50-day moving average price is $40.83 and its 200-day moving average price is $38.23. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29.

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

Aramark Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Robert W. Baird raised 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 research report on Wednesday, August 6th. Wall Street Zen downgraded shares of Aramark from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group set a $46.00 price target on Aramark and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Baird R W upgraded Aramark from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley raised their target price 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 research 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. According to MarketBeat, Aramark currently has an average rating of "Buy" and a consensus price target 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.