American Century Companies Inc. Has $620,000 Stock Holdings in Aramark $ARMK

American Century Companies Inc. increased its holdings in shares of Aramark (NYSE:ARMK) by 89.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 17,955 shares of the company’s stock after purchasing an additional 8,468 shares during the period. American Century Companies Inc.’s holdings in Aramark were worth $620,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. raised its holdings in 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 acquiring an additional 815 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Aramark by 83.2% in the 1st quarter. Bessemer Group Inc. now owns 1,411 shares of the company’s stock worth $49,000 after buying an additional 641 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Aramark in the 4th quarter worth approximately $72,000. UMB Bank n.a. grew its position in Aramark by 82.6% during the 1st quarter. UMB Bank n.a. now owns 2,472 shares of the company’s stock worth $85,000 after acquiring an additional 1,118 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in Aramark by 71.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,534 shares of the company’s stock worth $87,000 after acquiring an additional 1,052 shares during the last quarter.

Aramark Price Performance

NYSE:ARMK opened at $39.12 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 2.03. The stock’s 50 day moving average price is $41.40 and its two-hundred day moving average price is $38.13. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 28.98 and a beta of 1.22. Aramark has a 12-month low of $29.92 and a 12-month high of $44.49.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.66 billion. Aramark had a return on equity of 15.67% and a net margin of 2.02%.The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 earnings per share. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. On average, analysts anticipate that Aramark will post 1.92 earnings per share for the current year.

Aramark Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Robert W. Baird upgraded Aramark from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $43.00 to $47.00 in a research report on Wednesday, August 6th. Morgan Stanley increased their price objective on Aramark from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, June 30th. Baird R W upgraded Aramark from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. 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. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $47.00 price objective on shares of Aramark in a research note on Wednesday, May 14th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average 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.