Ranger Investment Management L.P. Invests $18.98 Million in Aramark $ARMK

Ranger Investment Management L.P. bought a new stake in shares of Aramark (NYSE:ARMK) during the 2nd quarter, HoldingsChannel reports. The firm bought 333,660 shares of the company’s stock, valued at approximately $18,985,000.

Several other large investors also recently bought and sold shares of ARMK. Henshaw Capital LLC lifted its position in shares of Aramark by 0.3% during the first quarter. Henshaw Capital LLC now owns 76,923 shares of the company’s stock worth $3,118,000 after purchasing an additional 225 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in Aramark by 5.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,444 shares of the company’s stock worth $261,000 after buying an additional 339 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Aramark by 55.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,152 shares of the company’s stock valued at $42,000 after acquiring an additional 410 shares in the last quarter. Procyon Advisors LLC increased its position in shares of Aramark by 5.3% during 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. Finally, Cetera Investment Advisers lifted its stake 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 in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ARMK shares. Royal Bank Of Canada lifted their price objective on Aramark from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Jefferies Financial Group upped their price target on shares of Aramark from $62.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Robert W. Baird raised their price objective on shares of Aramark from $63.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Stifel Nicolaus upped their target price on shares of Aramark from $54.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Finally, Bank of America increased their price target on shares of Aramark from $59.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Aramark currently has an average rating of “Moderate Buy” and an average price target of $69.14.

Aramark Trading Down 0.1%

Aramark stock opened at $59.71 on Monday. Aramark has a 1 year low of $35.07 and a 1 year high of $62.65. The firm’s 50-day moving average is $56.95 and its 200-day moving average is $49.00. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28. The company has a market cap of $15.74 billion, a P/E ratio of 41.76, a PEG ratio of 1.05 and a beta of 1.12.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. Aramark’s quarterly revenue was up 9.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities analysts expect that Aramark will post 2.27 earnings per share for the current year.

Aramark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Aramark’s dividend payout ratio is presently 33.57%.

Aramark Company 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.