Hsbc Holdings PLC Boosts Stake in Aramark $ARMK

Hsbc Holdings PLC boosted its stake in Aramark (NYSE:ARMK) by 6.7% in the 1st quarter, Holdings Channel reports. The firm owned 251,468 shares of the company’s stock after purchasing an additional 15,889 shares during the period. Hsbc Holdings PLC’s holdings in Aramark were worth $10,196,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in Aramark by 163.1% during the fourth quarter. AQR Capital Management LLC now owns 8,860,010 shares of the company’s stock worth $326,580,000 after purchasing an additional 5,492,046 shares in the last quarter. Milford Funds Ltd. acquired a new stake in shares of Aramark in the fourth quarter valued at $181,204,000. Norges Bank purchased a new stake in shares of Aramark in the 4th quarter valued at $128,738,000. Cooke & Bieler LP purchased a new stake in shares of Aramark in the 4th quarter valued at $118,110,000. Finally, Pinebridge Investments LLC acquired a new position in Aramark during the 4th quarter worth about $97,780,000.

Analyst Ratings Changes

Several research firms have weighed in on ARMK. Robert W. Baird lifted their target price on Aramark from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group reissued a “buy” rating and set a $51.00 price target on shares of Aramark in a research report on Wednesday, May 13th. Stifel Nicolaus raised their price objective on shares of Aramark from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Morgan Stanley lifted their price objective on shares of Aramark from $45.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Finally, Citigroup upped their target price on shares of Aramark from $63.00 to $70.50 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.21.

Aramark Stock Performance

Shares of Aramark stock opened at $56.72 on Thursday. Aramark has a one year low of $35.07 and a one year high of $58.68. The company has a market cap of $14.92 billion, a PE ratio of 42.33, a P/E/G ratio of 1.07 and a beta of 1.11. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.07 and a current ratio of 1.21. The business has a 50-day simple moving average of $54.58 and a 200-day simple moving average of $45.95.

Aramark (NYSE:ARMK) last released its earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. The business’s quarterly 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 forecast that Aramark will post 2.24 EPS for the current fiscal year.

Aramark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend 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.