Strs Ohio Sells 37,621 Shares of Aramark $ARMK

Strs Ohio cut its holdings in shares of Aramark (NYSE:ARMK) by 85.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,239 shares of the company’s stock after selling 37,621 shares during the period. Strs Ohio’s holdings in Aramark were worth $240,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ARMK. Massachusetts Financial Services Co. MA raised its stake in shares of Aramark by 3.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 19,312,451 shares of the company’s stock worth $741,598,000 after purchasing an additional 639,423 shares during the last quarter. Norges Bank bought a new position in Aramark during the 2nd quarter valued at $135,218,000. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Aramark by 10.3% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,661,387 shares of the company’s stock worth $111,432,000 after acquiring an additional 248,588 shares during the last quarter. Soros Fund Management LLC bought a new stake in shares of Aramark in the 2nd quarter worth $64,902,000. Finally, Ilex Capital Partners UK LLP purchased a new stake in shares of Aramark in the second quarter valued at about $52,142,000.

Analysts Set New Price Targets

ARMK has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on shares of Aramark from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Citigroup increased 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. Stifel Nicolaus set a $44.00 price objective on Aramark in a research report on Monday, November 17th. UBS Group reaffirmed a “buy” rating on shares of Aramark in a research report on Tuesday, January 6th. Finally, Robert W. Baird cut their price target on shares of Aramark from $47.00 to $46.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Aramark has a consensus rating of “Moderate Buy” and a consensus price target of $45.83.

Aramark Price Performance

ARMK opened at $38.32 on Tuesday. The firm has a 50-day moving average price of $38.01 and a 200-day moving average price of $38.84. Aramark has a twelve month low of $29.92 and a twelve month high of $44.49. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $10.07 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 1.28 and a beta of 1.09.

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

Aramark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, December 5th were given a dividend of $0.12 per share. This is a boost from Aramark’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, December 5th. Aramark’s dividend payout ratio (DPR) is currently 39.34%.

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.