Heartland Advisors Inc. Sells 84,251 Shares of Aramark $ARMK

Heartland Advisors Inc. lowered its holdings in shares of Aramark (NYSE:ARMK) by 34.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 159,926 shares of the company’s stock after selling 84,251 shares during the period. Heartland Advisors Inc.’s holdings in Aramark were worth $6,483,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ARMK. Fifth Third Wealth Advisors LLC boosted its stake in Aramark by 5.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 6,444 shares of the company’s stock valued at $261,000 after buying an additional 339 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Aramark by 55.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,152 shares of the company’s stock worth $42,000 after acquiring an additional 410 shares in the last quarter. Procyon Advisors LLC lifted its holdings in shares of Aramark by 5.3% in the first quarter. Procyon Advisors LLC now owns 10,590 shares of the company’s stock worth $429,000 after acquiring an additional 532 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Aramark by 7.4% in the second quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock worth $347,000 after acquiring an additional 573 shares during the last quarter. Finally, Danske Bank A S boosted its stake in shares of Aramark by 37.5% in the 4th quarter. Danske Bank A S now owns 2,200 shares of the company’s stock valued at $81,000 after purchasing an additional 600 shares in the last quarter.

Analyst Ratings Changes

ARMK has been the subject of a number of research analyst reports. Oppenheimer upped their price objective on shares of Aramark from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. The Goldman Sachs Group restated a “buy” rating and issued a $51.00 target price on shares of Aramark in a research report on Wednesday, May 13th. Robert W. Baird boosted their target price on shares of Aramark from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Truist Financial upped their price target on shares of Aramark from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $65.00 price target on shares of Aramark in a research note on Monday, June 29th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.21.

Aramark Stock Performance

Aramark stock opened at $56.67 on Monday. The business has a 50 day moving average of $54.07 and a 200-day moving average of $45.54. The company has a market capitalization of $14.90 billion, a P/E ratio of 42.29, a P/E/G ratio of 1.08 and a beta of 1.11. Aramark has a 1 year low of $35.07 and a 1 year high of $58.68. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.21 and a quick ratio of 1.07.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, May 12th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The business had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same period last year, the company earned $0.35 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities research analysts predict that Aramark will post 2.24 earnings per share for the current year.

Aramark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, May 20th. Aramark’s payout ratio is 35.82%.

About Aramark

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.