Amundi Raises Stake in Aramark $ARMK

Amundi boosted its position in Aramark (NYSE:ARMK) by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,063 shares of the company’s stock after buying an additional 5,157 shares during the quarter. Amundi owned approximately 0.07% of Aramark worth $6,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ancora Advisors LLC boosted its stake in Aramark by 0.3% in the first quarter. Ancora Advisors LLC now owns 355,790 shares of the company’s stock worth $12,282,000 after buying an additional 900 shares in the last quarter. Junto Capital Management LP purchased a new stake in shares of Aramark during the first quarter valued at approximately $46,499,000. Vident Advisory LLC boosted its stake in shares of Aramark by 43.0% during the first quarter. Vident Advisory LLC now owns 13,741 shares of the company’s stock valued at $474,000 after purchasing an additional 4,131 shares during the period. Magnetar Financial LLC purchased a new stake in shares of Aramark during the first quarter valued at approximately $235,000. Finally, AlphaQuest LLC boosted its stake in shares of Aramark by 92.5% during the first quarter. AlphaQuest LLC now owns 23,000 shares of the company’s stock valued at $794,000 after purchasing an additional 11,052 shares during the period.

Aramark Stock Performance

Shares of ARMK stock opened at $38.17 on Thursday. The stock has a fifty day moving average of $41.09 and a 200 day moving average of $38.18. 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 firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of 28.27 and a beta of 1.22. Aramark has a 52 week low of $29.92 and a 52 week high of $44.49.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.66 billion. Aramark had a return on equity of 15.67% and a net margin of 2.02%.The firm’s quarterly revenue 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. As a group, research analysts expect that Aramark will post 1.92 earnings per share for the current year.

Aramark Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently weighed in on ARMK shares. Robert W. Baird raised 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. Royal Bank Of Canada reissued an “outperform” rating and set a $47.00 price objective on shares of Aramark in a research note on Wednesday, May 14th. Baird R W raised Aramark from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. UBS Group set a $46.00 price objective on Aramark and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen lowered Aramark from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.