Nuveen LLC Takes $37.48 Million Position 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 acquired a new stake in shares of Aramark (NYSE:ARMK - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,085,625 shares of the company's stock, valued at approximately $37,476,000. Nuveen LLC owned approximately 0.41% of Aramark as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Harbour Investments Inc. raised its position in shares of Aramark by 40,750.0% in the first quarter. Harbour Investments Inc. now owns 817 shares of the company's stock valued at $28,000 after buying an additional 815 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Aramark by 93.0% in the fourth quarter. Bessemer Group Inc. now owns 770 shares of the company's stock valued at $29,000 after buying an additional 371 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Aramark in the fourth quarter valued at about $72,000. UMB Bank n.a. raised its position in shares of Aramark by 82.6% in the first quarter. UMB Bank n.a. now owns 2,472 shares of the company's stock valued at $85,000 after buying an additional 1,118 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Aramark by 21.1% in the first quarter. Fifth Third Bancorp now owns 2,859 shares of the company's stock valued at $99,000 after buying an additional 499 shares during the last quarter.

Aramark Trading Up 0.2%

Shares of ARMK traded up $0.0850 during trading on Tuesday, reaching $39.4250. 2,273,066 shares of the company traded hands, compared to its average volume of 2,043,995. Aramark has a twelve month low of $29.92 and a twelve month high of $44.49. The stock has a market cap of $10.36 billion, a PE ratio of 29.20 and a beta of 1.33. The stock has a 50-day simple moving average of $41.66 and a 200-day simple moving average of $38.01. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 2.03.

Aramark (NYSE:ARMK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.40 earnings per share 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 business had revenue of $4.63 billion during the quarter, compared to analysts' expectations of $4.66 billion. During the same period last year, the business earned $0.31 earnings per share. The business's revenue for the quarter was up 5.7% on a year-over-year basis. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. On average, analysts anticipate that Aramark will post 1.92 earnings per share for the current year.

Aramark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.1%. Aramark's payout ratio is 31.11%.

Analyst Ratings Changes

ARMK has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $47.00 target price on shares of Aramark in a research report on Wednesday, May 14th. Wall Street Zen cut 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 objective on shares of Aramark and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Baird R W upgraded shares of Aramark from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley raised their price objective on shares of Aramark from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Aramark currently has a consensus rating of "Buy" and a consensus price target of $45.44.

Aramark Company 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.