Vanguard Personalized Indexing Management LLC Buys 1,803 Shares of Aramark $ARMK

Vanguard Personalized Indexing Management LLC increased its stake in shares of Aramark (NYSE:ARMK) by 10.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,849 shares of the company’s stock after acquiring an additional 1,803 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Aramark were worth $789,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ARMK. GAMMA Investing LLC grew its position in shares of Aramark by 48.1% during the first quarter. GAMMA Investing LLC now owns 6,364 shares of the company’s stock valued at $220,000 after purchasing an additional 2,067 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Aramark by 553.3% during the first quarter. Janney Montgomery Scott LLC now owns 37,791 shares of the company’s stock valued at $1,305,000 after buying an additional 32,006 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Aramark by 3.4% during the 1st quarter. State of Alaska Department of Revenue now owns 31,055 shares of the company’s stock valued at $1,072,000 after buying an additional 1,020 shares in the last quarter. Blue Trust Inc. increased its stake in Aramark by 39.2% in the 1st quarter. Blue Trust Inc. now owns 4,964 shares of the company’s stock worth $171,000 after acquiring an additional 1,399 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in shares of Aramark by 0.7% during the 1st quarter. Retirement Systems of Alabama now owns 322,664 shares of the company’s stock valued at $11,138,000 after acquiring an additional 2,331 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ARMK. UBS Group decreased their target price on shares of Aramark from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. Baird R W upgraded Aramark from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Morgan Stanley lifted their target price on Aramark from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, June 30th. Robert W. Baird upgraded Aramark from a “neutral” rating to an “outperform” rating and increased their price target for the company from $43.00 to $47.00 in a report on Wednesday, August 6th. Finally, Wall Street Zen downgraded Aramark from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.88.

Aramark Stock Performance

Shares of Aramark stock opened at $38.81 on Tuesday. 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 stock’s fifty day moving average price is $38.85 and its 200-day moving average price is $38.88. The firm has a market cap of $10.20 billion, a P/E ratio of 28.75 and a beta of 1.21. Aramark has a 12 month low of $29.92 and a 12 month high of $44.49.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.66 billion. During the same period in the prior year, the business earned $0.31 EPS. The firm’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. On average, equities research analysts expect that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were paid 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 dividend payout ratio (DPR) 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.