6,811 Shares in Aramark $ARMK Acquired by Magnetar Financial LLC

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 bought a new position in shares of Aramark (NYSE:ARMK - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,811 shares of the company's stock, valued at approximately $235,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. raised its position in Aramark by 1.7% during the first 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. GAMMA Investing LLC raised its position in Aramark by 48.1% during the first quarter. GAMMA Investing LLC now owns 6,364 shares of the company's stock worth $220,000 after acquiring an additional 2,067 shares during the last quarter. Bessemer Group Inc. raised its position in Aramark by 83.2% during the first quarter. Bessemer Group Inc. now owns 1,411 shares of the company's stock worth $49,000 after acquiring an additional 641 shares during the last quarter. State of Alaska Department of Revenue raised its position in Aramark by 3.4% during the first quarter. State of Alaska Department of Revenue now owns 31,055 shares of the company's stock worth $1,072,000 after acquiring an additional 1,020 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Aramark by 553.3% during the first quarter. Janney Montgomery Scott LLC now owns 37,791 shares of the company's stock worth $1,305,000 after acquiring an additional 32,006 shares during the last quarter.

Aramark Trading Down 0.6%

Shares of NYSE ARMK traded down $0.23 on Monday, reaching $38.59. 414,324 shares of the company traded hands, compared to its average volume of 2,010,440. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49. The company has a 50 day moving average of $41.33 and a 200 day moving average of $38.16. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.03. The stock has a market capitalization of $10.14 billion, a PE ratio of 28.59 and a beta of 1.22.

Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.40 EPS for the quarter, meeting analysts' consensus estimates of $0.40. Aramark had a net margin of 2.02% and a return on equity of 15.67%. The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter in the prior year, the company posted $0.31 EPS. The company'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. On average, equities research analysts forecast that Aramark will post 1.92 earnings per share for the current fiscal 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 paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.1%. Aramark's dividend payout ratio is currently 31.11%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ARMK shares. Wall Street Zen cut shares of Aramark from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Baird R W upgraded shares of Aramark from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Morgan Stanley upped their target price on shares of Aramark from $42.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday, June 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $47.00 price target on shares of Aramark in a research note on Wednesday, May 14th. Finally, UBS Group set a $46.00 price target on shares of Aramark and gave the stock a "buy" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price 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.