42,631 Shares in Aramark $ARMK Acquired by Strs Ohio

Strs Ohio bought a new position in shares of Aramark (NYSE:ARMK) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 42,631 shares of the company’s stock, valued at approximately $1,472,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARMK. Lazard Asset Management LLC bought a new stake in Aramark during the 4th quarter worth approximately $72,000. ProShare Advisors LLC increased its holdings in Aramark by 7.3% during the 4th quarter. ProShare Advisors LLC now owns 12,325 shares of the company’s stock worth $460,000 after acquiring an additional 841 shares during the period. Royal Bank of Canada increased its holdings in Aramark by 244.4% during the 4th quarter. Royal Bank of Canada now owns 426,592 shares of the company’s stock worth $15,916,000 after acquiring an additional 302,734 shares during the period. Sherbrooke Park Advisers LLC bought a new stake in Aramark during the 4th quarter worth approximately $264,000. Finally, Tidal Investments LLC increased its holdings in Aramark by 104.0% during the 4th quarter. Tidal Investments LLC now owns 54,388 shares of the company’s stock worth $2,029,000 after acquiring an additional 27,722 shares during the period.

Wall Street Analysts Forecast Growth

ARMK has been the topic of a number of research analyst reports. Robert W. Baird raised shares of 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 report on Wednesday, August 6th. Wall Street Zen lowered 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 shares of Aramark and gave the stock a “buy” rating in a report on Wednesday, August 6th. Morgan Stanley increased their price target on shares of Aramark from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, June 30th. Finally, Baird R W raised shares of Aramark from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Aramark has a consensus rating of “Buy” and an average price target of $45.44.

Aramark Price Performance

Shares of Aramark stock opened at $37.54 on Wednesday. Aramark has a 52-week low of $29.92 and a 52-week high of $44.49. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 27.81 and a beta of 1.22. The company has a fifty day moving average of $40.73 and a 200-day moving average of $38.23. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29.

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

Aramark Dividend Announcement

The company 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 of this dividend was Wednesday, August 6th. This represents a $0.42 annualized dividend and a yield of 1.1%. Aramark’s dividend payout ratio is presently 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.