Aramark $ARMK Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in shares of Aramark (NYSE:ARMK) by 1.2% in the second quarter, HoldingsChannel reports. The fund owned 714,388 shares of the company’s stock after selling 8,456 shares during the period. Rhumbline Advisers’ holdings in Aramark were worth $29,911,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in Aramark by 3.4% in the second quarter. Envestnet Asset Management Inc. now owns 497,078 shares of the company’s stock worth $20,813,000 after purchasing an additional 16,180 shares during the period. Voya Investment Management LLC raised its position in shares of Aramark by 27.3% during the 1st quarter. Voya Investment Management LLC now owns 116,601 shares of the company’s stock worth $4,025,000 after buying an additional 24,984 shares in the last quarter. Focus Partners Wealth lifted its stake in shares of Aramark by 1.1% in the 1st quarter. Focus Partners Wealth now owns 619,386 shares of the company’s stock worth $21,381,000 after acquiring an additional 6,702 shares during the period. Leeward Investments LLC MA lifted its stake in shares of Aramark by 19.8% in the 2nd quarter. Leeward Investments LLC MA now owns 242,407 shares of the company’s stock worth $10,150,000 after acquiring an additional 40,148 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Aramark in the second quarter valued at approximately $273,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen cut Aramark from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Citigroup lifted their price target on Aramark from $46.50 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Robert W. Baird cut their price objective on Aramark from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Baird R W raised Aramark from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Finally, UBS Group lowered their target price on Aramark from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.67.

Aramark Price Performance

Shares of NYSE:ARMK opened at $37.34 on Thursday. The company has a market capitalization of $9.81 billion, a PE ratio of 27.66 and a beta of 1.24. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29. The stock has a fifty day moving average of $38.38 and a 200-day moving average of $39.78. Aramark has a one year low of $29.92 and a one year high of $44.49.

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 15.67% and a net margin of 2.02%.The company had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business’s revenue 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, equities analysts anticipate that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, December 5th. This is a boost from Aramark’s previous quarterly dividend of $0.11. Aramark’s dividend payout ratio is presently 39.34%.

Aramark Company Profile

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.