Permian Investment Partners LP Buys Shares of 1,794,698 Aramark $ARMK

Key Points

• Permian Investment Partners acquired 1,794,698 Aramark shares, representing a 0.68% stake and 11.2% of the firm’s portfolio.
• Analysts remain broadly positive, with 12 Buy ratings and two Holds; Aramark has a “Moderate Buy” consensus and a $69.14 average price target.
• Aramark exceeded quarterly earnings and revenue expectations, reporting $0.52 EPS and $5.06 billion in revenue, while declaring a quarterly dividend of $0.12 per share.

Permian Investment Partners LP acquired a new stake in Aramark (NYSE:ARMK - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,794,698 shares of the company's stock, valued at approximately $102,118,316,000. Aramark accounts for 11.2% of Permian Investment Partners LP's portfolio, making the stock its 5th biggest holding. Permian Investment Partners LP owned 0.68% of Aramark as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Activest Wealth Management bought a new position in shares of Aramark during the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Aramark in the 3rd quarter worth approximately $28,000. Cedar Mountain Advisors LLC bought a new stake in shares of Aramark during the first quarter valued at approximately $32,000. Kestra Advisory Services LLC bought a new position in Aramark in the fourth quarter worth $32,000. Finally, Elevation Wealth Partners LLC boosted its stake in Aramark by 2,842.9% during the second quarter. Elevation Wealth Partners LLC now owns 618 shares of the company's stock worth $35,000 after buying an additional 597 shares in the last quarter.

Wall Street Analyst Weigh In

ARMK has been the subject of a number of recent research reports. Weiss Ratings cut shares of Aramark from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. 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. Morgan Stanley set a $63.00 price objective on Aramark in a report on Tuesday, August 11th. UBS Group increased their target price on Aramark from $67.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Finally, Robert W. Baird boosted their price target on Aramark from $63.00 to $69.00 and gave the company an "outperform" rating in a research note on Wednesday, August 12th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $69.14.

Aramark Trading Up 0.8%

ARMK stock opened at $59.55 on Thursday. The business has a fifty day moving average price of $57.27 and a 200 day moving average price of $49.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $62.65. The stock has a market capitalization of $15.70 billion, a price-to-earnings ratio of 41.64, a P/E/G ratio of 1.04 and a beta of 1.12.

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

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be issued 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 dividend yield of 0.8%. Aramark's dividend payout ratio (DPR) is currently 33.57%.

Aramark Company Profile

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.

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