Public Employees Retirement System of Ohio Acquires 1,314 Shares of Aramark $ARMK

Public Employees Retirement System of Ohio grew its holdings in shares of Aramark (NYSE:ARMK) by 1.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,941 shares of the company’s stock after purchasing an additional 1,314 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Aramark were worth $3,431,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Harbour Investments Inc. lifted its holdings in shares of Aramark by 40,750.0% in the first quarter. Harbour Investments Inc. now owns 817 shares of the company’s stock worth $28,000 after buying an additional 815 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Aramark by 160.7% in the second quarter. Parallel Advisors LLC now owns 1,100 shares of the company’s stock worth $46,000 after buying an additional 678 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Aramark by 241.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,116 shares of the company’s stock worth $47,000 after buying an additional 789 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Aramark by 83.2% in the first 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. Finally, UMB Bank n.a. lifted its holdings in shares of Aramark by 82.6% in the first quarter. UMB Bank n.a. now owns 2,472 shares of the company’s stock worth $85,000 after buying an additional 1,118 shares in the last quarter.

Aramark Stock Down 0.1%

ARMK stock opened at $38.40 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.03. The company’s 50 day moving average is $39.64 and its 200 day moving average is $38.40. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 28.44 and a beta of 1.22. Aramark has a 1-year low of $29.92 and a 1-year high of $44.49.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.40 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 business had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same period last year, the business earned $0.31 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. Sell-side analysts predict that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Announces Dividend

The firm 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. This represents a $0.42 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, August 6th. Aramark’s dividend payout ratio (DPR) is presently 31.11%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ARMK shares. 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. 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. Baird R W raised shares of Aramark from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. UBS Group set a $46.00 price objective on shares of Aramark and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen cut shares of Aramark from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus 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.