iA Global Asset Management Inc. Cuts Stock Position in Aramark $ARMK

iA Global Asset Management Inc. trimmed its holdings in Aramark (NYSE:ARMK) by 14.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 585,193 shares of the company’s stock after selling 101,086 shares during the period. iA Global Asset Management Inc. owned about 0.22% of Aramark worth $22,471,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Osterweis Capital Management Inc. bought a new position in Aramark in the 2nd quarter worth approximately $40,000. 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. Bayforest Capital Ltd bought a new position in shares of Aramark during the second quarter worth $51,000. Hantz Financial Services Inc. increased its holdings in Aramark by 1,323.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,295 shares of the company’s stock valued at $54,000 after acquiring an additional 1,204 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in Aramark by 56.6% in the 2nd quarter. Bessemer Group Inc. now owns 2,209 shares of the company’s stock worth $92,000 after purchasing an additional 798 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Stifel Nicolaus set a $44.00 price objective on Aramark in a research report on Monday, November 17th. Morgan Stanley lifted their price objective on Aramark from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Citigroup increased their target price on Aramark from $46.50 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. UBS Group restated a “buy” rating on shares of Aramark in a research report on Tuesday, January 6th. Finally, Robert W. Baird decreased their price target on shares of Aramark from $47.00 to $46.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.83.

Aramark Trading Down 0.5%

ARMK stock opened at $39.26 on Friday. Aramark has a 12 month low of $29.92 and a 12 month high of $44.49. The firm’s 50-day moving average is $37.81 and its 200 day moving average is $39.12. The company has a market capitalization of $10.32 billion, a PE ratio of 32.18, a P/E/G ratio of 1.31 and a beta of 1.11. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.88.

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

Aramark Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Friday, December 5th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, December 5th. This is an increase from Aramark’s previous quarterly dividend of $0.11. Aramark’s dividend payout ratio (DPR) is 39.34%.

Aramark Profile

Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.

Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.