PointState Capital LP Has $102.05 Million Holdings in Aramark $ARMK

Key Points

• PointState Capital LP increased its holdings in Aramark by 9.9% during the first quarter, now owning 2,956,147 shares valued at approximately $102 million.
• Aramark recently reported a quarterly earnings of $0.40 per share, matching the consensus estimate, with revenues of $4.63 billion.
• The company declared a quarterly dividend of $0.105, representing a 1.1% dividend yield, with a payout ratio of 31.11%.

PointState Capital LP raised its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 9.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,956,147 shares of the company's stock after purchasing an additional 265,530 shares during the period. Aramark comprises about 1.5% of PointState Capital LP's portfolio, making the stock its 19th largest holding. PointState Capital LP owned approximately 1.13% of Aramark worth $102,046,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its stake in Aramark by 1.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,504 shares of the company's stock valued at $915,000 after purchasing an additional 438 shares during the last quarter. GAMMA Investing LLC grew its position in shares of 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. grew its position in shares of 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 grew its position in shares of 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 grew its position in shares of 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 Price Performance

NYSE ARMK traded up $0.57 on Thursday, reaching $38.73. The company's stock had a trading volume of 1,380,306 shares, compared to its average volume of 2,021,731. Aramark has a twelve month low of $29.92 and a twelve month high of $44.49. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29. The stock has a market cap of $10.18 billion, a PE ratio of 28.69 and a beta of 1.22. The firm's 50 day moving average is $41.09 and its two-hundred day moving average is $38.18.

Aramark (NYSE:ARMK - Get Free Report) last issued 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 company 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 company earned $0.31 EPS. Aramark's revenue was up 5.7% on a year-over-year basis. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. As a group, sell-side analysts predict that Aramark will post 1.92 EPS for the current year.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, August 6th. Aramark's dividend payout ratio is presently 31.11%.

Analysts Set New Price Targets

Several equities analysts have recently commented on ARMK shares. Baird R W upgraded shares of Aramark from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of Aramark from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Morgan Stanley upped their price target 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. Robert W. Baird upgraded shares of Aramark from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $43.00 to $47.00 in a research report on Wednesday, August 6th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $47.00 price target on shares of Aramark in a research report on Wednesday, May 14th. One investment 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average 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.