The Manufacturers Life Insurance Company acquired a new position in shares of Aramark (NYSE:ARMK - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 190,421 shares of the company's stock, valued at approximately $10,835,000. The Manufacturers Life Insurance Company owned about 0.07% of Aramark as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in ARMK. Activest Wealth Management purchased a new position in shares of Aramark in the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Aramark in the third quarter valued at approximately $28,000. Cedar Mountain Advisors LLC acquired a new position in Aramark during the first quarter valued at approximately $32,000. Kestra Advisory Services LLC acquired a new position in Aramark during the fourth quarter valued at approximately $32,000. Finally, Elevation Wealth Partners LLC grew 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 during the period.
Aramark Stock Down 1.4%
ARMK stock opened at $58.06 on Friday. The firm has a 50 day simple moving average of $57.48 and a 200-day simple moving average of $49.65. The company has a market capitalization of $15.31 billion, a P/E ratio of 40.60, a PEG ratio of 1.02 and a beta of 1.12. Aramark has a twelve month low of $35.07 and a twelve month high of $62.65. The company has a current ratio of 1.28, a quick ratio of 1.14 and a debt-to-equity ratio of 1.80.
Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same period last year, the firm earned $0.40 earnings per share. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities research analysts predict that Aramark will post 2.27 earnings per share for the current fiscal year.
Aramark Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. Aramark's payout ratio is currently 33.57%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on ARMK shares. Stifel Nicolaus raised their target price on shares of Aramark from $54.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Oppenheimer boosted their price objective on Aramark from $60.00 to $65.00 and gave the stock an "outperform" rating in a research note on Monday, June 29th. Citigroup increased their target price on Aramark from $70.50 to $74.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Jefferies Financial Group upped their price target on Aramark from $62.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Aramark from $55.00 to $70.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Aramark presently has an average rating of "Moderate Buy" and an average price target of $69.14.
Read Our Latest Stock Analysis on ARMK
About Aramark
(
Free Report)
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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