Voya Investment Management LLC Has $4.03 Million Stock Holdings in Aramark $ARMK

Key Points

• Voya Investment Management LLC has increased its holdings in Aramark by 27.3%, now owning 116,601 shares valued at approximately $4.03 million.
• Several institutional investors, including Goldman Sachs, have also boosted their positions in Aramark, with Goldman Sachs increasing its stake by 38.2% during the same period.
• Analysts have a generally positive outlook for Aramark, with a majority rating the stock as "Buy" and an average price target of $45.44.

Voya Investment Management LLC grew its position in shares of Aramark (NYSE:ARMK - Free Report) by 27.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 116,601 shares of the company's stock after acquiring an additional 24,984 shares during the quarter. Voya Investment Management LLC's holdings in Aramark were worth $4,025,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Strs Ohio acquired a new stake in shares of Aramark in the first quarter valued at approximately $1,472,000. Focus Partners Wealth grew its holdings in Aramark by 1.1% in the 1st quarter. Focus Partners Wealth now owns 619,386 shares of the company's stock worth $21,381,000 after buying an additional 6,702 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Aramark by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,534 shares of the company's stock worth $31,363,000 after acquiring an additional 16,879 shares during the period. Great Lakes Advisors LLC boosted its position in Aramark by 4.3% during the 1st quarter. Great Lakes Advisors LLC now owns 9,267 shares of the company's stock worth $320,000 after acquiring an additional 378 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Aramark by 38.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 489,646 shares of the company's stock worth $16,903,000 after acquiring an additional 135,224 shares during the period.

Wall Street Analysts Forecast Growth

ARMK has been the subject of several recent analyst reports. Wall Street Zen cut shares of Aramark from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group set a $46.00 price target on Aramark and gave the company a "buy" rating in a research note on Wednesday, August 6th. Morgan Stanley boosted their price objective on Aramark from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Monday, June 30th. Robert W. Baird raised Aramark from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $43.00 to $47.00 in a research note on Wednesday, August 6th. Finally, Baird R W raised Aramark from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Aramark has an average rating of "Buy" and an average target price of $45.44.

Aramark Trading Down 0.3%

NYSE ARMK traded down $0.12 on Tuesday, hitting $37.66. 108,688 shares of the stock were exchanged, compared to its average volume of 2,035,856. Aramark has a 52-week low of $29.92 and a 52-week high of $44.49. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.29 and a quick ratio of 1.14. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 27.85 and a beta of 1.22. The company's 50-day moving average price is $40.26 and its two-hundred day moving average price is $38.29.

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

Aramark Dividend Announcement

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

About Aramark

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.