UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $31.36 Million Stock Holdings in Aramark $ARMK

Key Points

• UBS Asset Management increased its stake in Aramark by 1.9%, now holding approximately 908,534 shares worth about $31.36 million.
• Aramark shares received several ratings changes, with Baird R W upgrading them to a "strong-buy" rating and price targets reaching as high as $47.00.
• The company reported quarterly earnings of $0.40 per share, matching estimates, and its revenue increased by 5.7% year-over-year, totaling $4.63 billion for the quarter.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 908,534 shares of the company's stock after buying an additional 16,879 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.35% of Aramark worth $31,363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Harbour Investments Inc. grew its stake in shares of Aramark by 40,750.0% in the 1st quarter. Harbour Investments Inc. now owns 817 shares of the company's stock valued at $28,000 after purchasing an additional 815 shares during the period. Bessemer Group Inc. grew its holdings in 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 purchasing an additional 641 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Aramark during the fourth quarter worth approximately $72,000. UMB Bank n.a. raised its position in Aramark by 82.6% during the first quarter. UMB Bank n.a. now owns 2,472 shares of the company's stock valued at $85,000 after purchasing an additional 1,118 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Aramark by 71.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,534 shares of the company's stock worth $87,000 after buying an additional 1,052 shares in the last quarter.

Aramark Price Performance

Shares of Aramark stock traded down $0.11 during trading on Friday, hitting $37.63. The stock had a trading volume of 4,363,567 shares, compared to its average volume of 1,704,306. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 27.87 and a beta of 1.22. Aramark has a 12 month low of $29.92 and a 12 month high of $44.49. The business's 50-day moving average is $40.38 and its 200 day moving average is $38.25. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.03.

Aramark (NYSE:ARMK - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.66 billion. Aramark had a net margin of 2.02% and a return on equity of 15.67%. The company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. As a group, sell-side analysts anticipate that Aramark will post 1.92 earnings per share for the current year.

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were given a dividend of $0.105 per share. The ex-dividend date was Wednesday, August 6th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.1%. Aramark's dividend payout ratio (DPR) is currently 31.11%.

Analyst Ratings Changes

Several equities research analysts have commented on ARMK shares. Robert W. Baird upgraded shares of Aramark from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $43.00 to $47.00 in a research note 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. Morgan Stanley lifted 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. Wall Street Zen lowered shares of Aramark from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, UBS Group set a $46.00 price objective on shares of Aramark and gave the company a "buy" rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Aramark currently has a consensus rating of "Buy" and an average price target of $45.44.

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.