Fisher Asset Management LLC Buys Shares of 846,269 Aramark $ARMK

Fisher Asset Management LLC purchased a new position in shares of Aramark (NYSE:ARMK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 846,269 shares of the company’s stock, valued at approximately $35,433,000. Fisher Asset Management LLC owned approximately 0.32% of Aramark as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its position in Aramark by 6.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 18,673,028 shares of the company’s stock worth $781,840,000 after purchasing an additional 1,067,132 shares in the last quarter. Fiduciary Management Inc. WI grew its holdings in shares of Aramark by 13.8% during the first quarter. Fiduciary Management Inc. WI now owns 13,037,630 shares of the company’s stock worth $450,059,000 after buying an additional 1,582,890 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Aramark by 16.3% in the first quarter. Dimensional Fund Advisors LP now owns 5,762,907 shares of the company’s stock valued at $198,922,000 after buying an additional 809,792 shares during the last quarter. Norges Bank purchased a new position in shares of Aramark during the second quarter valued at approximately $135,218,000. Finally, PointState Capital LP boosted its position in Aramark by 9.9% during the first quarter. PointState Capital LP now owns 2,956,147 shares of the company’s stock worth $102,046,000 after acquiring an additional 265,530 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have weighed in on ARMK. Baird R W raised Aramark from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Robert W. Baird reduced their target price on Aramark from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 18th. Morgan Stanley decreased their price target on Aramark from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 18th. Citigroup upped their price objective on shares of Aramark from $46.50 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Finally, UBS Group reissued a “buy” rating on shares of Aramark in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.67.

Aramark Stock Performance

Shares of NYSE:ARMK opened at $37.03 on Wednesday. The firm has a market capitalization of $9.74 billion, a PE ratio of 30.35, a P/E/G ratio of 1.31 and a beta of 1.12. Aramark has a 12 month low of $29.92 and a 12 month high of $44.49. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.88. The business has a 50-day moving average of $38.33 and a two-hundred day moving average of $39.73.

Aramark (NYSE:ARMK) last issued its earnings results on Monday, November 17th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.08). Aramark had a return on equity of 16.39% and a net margin of 1.76%.The firm had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.28 EPS. As a group, research analysts forecast that Aramark will post 1.92 earnings per share for the current year.

Aramark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, December 5th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Aramark’s previous quarterly dividend of $0.11. Aramark’s payout ratio is 39.34%.

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.