Heartland Advisors Inc. Invests $9.10 Million in Aramark $ARMK

Key Points

• Heartland Advisors acquired 159,926 Aramark shares worth approximately $9.1 million during the second quarter, giving it a 0.06% stake. Other institutional investors, including Dimensional Fund Advisors and Sei Investments, also increased their holdings.
• Aramark reported quarterly earnings of $0.52 per share, beating estimates by $0.04, while revenue rose 9.3% year over year to $5.06 billion. Shares recently traded at $59.71, near their 12-month high of $62.65.
• Analysts maintain a positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $69.14. Aramark also declared a quarterly dividend of $0.12 per share, equivalent to a 0.8% annualized yield.

Heartland Advisors Inc. acquired a new position in Aramark (NYSE:ARMK - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 159,926 shares of the company's stock, valued at approximately $9,100,000. Heartland Advisors Inc. owned about 0.06% of Aramark at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ARMK. Entropy Technologies LP acquired a new position in Aramark in the 1st quarter valued at approximately $2,552,000. Bank of New York Mellon Corp increased its position in shares of Aramark by 4.7% during the first quarter. Bank of New York Mellon Corp now owns 2,558,199 shares of the company's stock valued at $103,709,000 after purchasing an additional 114,662 shares during the period. Principal Financial Group Inc. raised its stake in shares of Aramark by 3.8% in the first quarter. Principal Financial Group Inc. now owns 586,473 shares of the company's stock valued at $23,776,000 after purchasing an additional 21,267 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Aramark by 13.8% in the first quarter. Dimensional Fund Advisors LP now owns 7,177,184 shares of the company's stock worth $290,962,000 after purchasing an additional 868,900 shares during the period. Finally, Sei Investments Co. boosted its stake in Aramark by 18.1% during the first quarter. Sei Investments Co. now owns 242,743 shares of the company's stock worth $9,841,000 after buying an additional 37,222 shares in the last quarter.

Aramark Trading Up 0.6%

Shares of ARMK stock opened at $59.71 on Friday. The company has a market capitalization of $15.74 billion, a P/E ratio of 41.76, a P/E/G ratio of 1.04 and a beta of 1.12. Aramark has a 12-month low of $35.07 and a 12-month high of $62.65. The company has a quick ratio of 1.14, a current ratio of 1.28 and a debt-to-equity ratio of 1.80. The firm has a 50-day moving average price of $56.95 and a 200 day moving average price of $48.93.

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

Aramark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. Aramark's payout ratio is currently 33.57%.

Wall Street Analyst Weigh In

ARMK has been the subject of a number of recent research reports. Robert W. Baird increased their price objective on shares of Aramark from $63.00 to $69.00 and gave the company an "outperform" rating in a research note on Wednesday, August 12th. Citigroup upped their target price on shares of Aramark from $70.50 to $74.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Stifel Nicolaus increased their price target on shares of Aramark from $54.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. UBS Group raised their price target on shares of Aramark from $67.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, August 12th. Finally, Bank of America upped their price objective on Aramark from $59.00 to $62.00 and gave the company a "buy" rating in a research note on Tuesday, June 2nd. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Aramark has a consensus rating of "Moderate Buy" and a consensus price target of $69.14.

About Aramark

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.

Want to see what other hedge funds are holding ARMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aramark (NYSE:ARMK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source