Magnetar Financial LLC Acquires Shares of 6,811 Aramark $ARMK

Key Points

• Magnetar Financial LLC has acquired 6,811 shares of Aramark (NYSE:ARMK), valued at approximately $235,000, as part of its first quarter investment strategy.
• Several institutional investors, including Massachusetts Financial Services and Fiduciary Management, have significantly increased their stakes in Aramark, indicating strong institutional interest in the company's stock.
• Aramark announced a quarterly dividend of $0.105 per share, representing an annualized yield of 1.1%, and reported a 5.7% year-over-year revenue increase during its most recent earnings announcement.

Magnetar Financial LLC purchased a new stake in Aramark (NYSE:ARMK - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 6,811 shares of the company's stock, valued at approximately $235,000.

Several other institutional investors also recently bought and sold shares of ARMK. Harbour Investments Inc. raised its holdings in Aramark by 40,750.0% in the 1st quarter. Harbour Investments Inc. now owns 817 shares of the company's stock valued at $28,000 after acquiring an additional 815 shares during the last quarter. Bessemer Group Inc. raised its holdings in Aramark by 83.2% in the 1st quarter. Bessemer Group Inc. now owns 1,411 shares of the company's stock valued at $49,000 after acquiring an additional 641 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Aramark in the 4th quarter valued at $72,000. UMB Bank n.a. raised its holdings in Aramark by 82.6% in the 1st quarter. UMB Bank n.a. now owns 2,472 shares of the company's stock valued at $85,000 after acquiring an additional 1,118 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Aramark by 71.0% in 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 Stock Down 0.9%

NYSE ARMK traded down $0.36 during trading hours on Friday, hitting $38.78. The company had a trading volume of 1,621,041 shares, compared to its average volume of 2,015,735. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49. The company has a market capitalization of $10.19 billion, a price-to-earnings ratio of 28.73 and a beta of 1.22. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.29 and a quick ratio of 1.14. The firm's 50 day moving average is $41.33 and its 200 day moving average is $38.15.

Aramark (NYSE:ARMK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. Aramark had a return on equity of 15.67% and a net margin of 2.02%.The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the prior year, the firm earned $0.31 EPS. The firm's quarterly 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. Sell-side analysts anticipate that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, August 6th. Aramark's dividend payout ratio is currently 31.11%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Baird R W upgraded Aramark from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. UBS Group set a $46.00 price objective on Aramark and gave the stock a "buy" rating in a report on Wednesday, August 6th. Morgan Stanley upped their price objective on Aramark from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, June 30th. Robert W. Baird upgraded Aramark from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $43.00 to $47.00 in a report on Wednesday, August 6th. Finally, Wall Street Zen downgraded Aramark from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. 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 MarketBeat.com, the stock currently has an average rating of "Buy" and an average 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.