Nuveen LLC Invests $37.48 Million in Aramark $ARMK

Key Points

• Nuveen LLC has made a significant investment in Aramark, acquiring 1,085,625 shares valued at approximately $37.5 million, representing about 0.41% ownership as per their recent SEC filing.
• Aramark has recently announced a quarterly dividend of $0.105 per share, with a yield of 1.1% and a dividend payout ratio of 31.11%.
• Analysts have upgraded Aramark's stock ratings, with firms like Baird R W raising it to "strong-buy" and Morgan Stanley adjusting their price objective to $44.00.

Nuveen LLC bought a new stake in shares of Aramark (NYSE:ARMK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,085,625 shares of the company's stock, valued at approximately $37,476,000. Nuveen LLC owned about 0.41% of Aramark at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its stake in Aramark by 29.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 17,605,896 shares of the company's stock valued at $607,756,000 after purchasing an additional 4,012,162 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Aramark by 3.5% in the 4th quarter. Janus Henderson Group PLC now owns 16,268,682 shares of the company's stock valued at $606,986,000 after acquiring an additional 554,239 shares in the last quarter. Fiduciary Management Inc. WI lifted its position in shares of Aramark by 8.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 11,454,740 shares of the company's stock valued at $427,376,000 after acquiring an additional 860,179 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Aramark by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,953,115 shares of the company's stock valued at $184,802,000 after acquiring an additional 19,205 shares in the last quarter. Finally, PointState Capital LP lifted its position in shares of 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 acquiring an additional 1,547,792 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Baird R W upgraded shares of Aramark from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada restated an "outperform" rating and issued a $47.00 price target on shares of Aramark in a research report on Wednesday, May 14th. Robert W. Baird upgraded shares of Aramark from a "neutral" rating to an "outperform" rating and upped their price target for the company from $43.00 to $47.00 in a research report on Wednesday, August 6th. UBS Group set a $46.00 price target on shares of Aramark and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley upped their price target on shares of Aramark from $42.00 to $44.00 and gave the company an "equal weight" rating in a research report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $45.44.

Aramark Stock Down 1.5%

Aramark stock traded down $0.6010 during trading hours on Thursday, hitting $39.4590. The company had a trading volume of 2,024,404 shares, compared to its average volume of 2,543,381. The firm has a market capitalization of $10.37 billion, a P/E ratio of 29.23 and a beta of 1.33. 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 fifty day moving average is $41.64 and its 200-day moving average is $38.04. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49.

Aramark (NYSE:ARMK - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.66 billion. Aramark had a net margin of 2.02% and a return on equity of 15.67%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 EPS. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. On average, research 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. Shareholders of record on Wednesday, August 6th were paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.1%. Aramark's dividend payout ratio is presently 31.11%.

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.