Vestcor Inc Reduces Position in Aramark $ARMK

Vestcor Inc lessened its holdings in shares of Aramark (NYSE:ARMK) by 66.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,592 shares of the company’s stock after selling 10,956 shares during the quarter. Vestcor Inc’s holdings in Aramark were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Pinebridge Investments LLC purchased a new position in shares of Aramark during the 4th quarter worth $97,780,000. WINTON GROUP Ltd purchased a new position in shares of Aramark during the 4th quarter worth $1,450,000. Daiwa Securities Group Inc. boosted its stake in shares of Aramark by 4.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 36,242 shares of the company’s stock worth $1,336,000 after acquiring an additional 1,506 shares during the last quarter. State of Wyoming boosted its stake in shares of Aramark by 22.0% during the 4th quarter. State of Wyoming now owns 40,448 shares of the company’s stock worth $1,491,000 after acquiring an additional 7,306 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of Aramark during the 4th quarter worth $314,000.

Analyst Ratings Changes

Several research analysts have recently weighed in on ARMK shares. Robert W. Baird lifted their price target 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. Stifel Nicolaus lifted their target price 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. UBS Group lifted their target price on shares of Aramark from $48.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Oppenheimer lifted their target price on shares of Aramark from $43.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. Finally, Morgan Stanley lifted their target price on shares of Aramark from $45.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Aramark has an average rating of “Moderate Buy” and a consensus price target of $54.50.

Aramark Stock Down 0.7%

ARMK opened at $53.41 on Thursday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.07 and a current ratio of 1.21. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $54.57. The firm’s fifty day moving average is $47.91 and its 200 day moving average is $42.10. The stock has a market cap of $14.04 billion, a price-to-earnings ratio of 39.86, a price-to-earnings-growth ratio of 1.11 and a beta of 1.12.

Aramark (NYSE:ARMK) last released its earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share for the quarter, beating 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 company had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.75 billion. During the same quarter in the previous year, the company earned $0.35 EPS. Aramark’s revenue for the quarter was up 14.7% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, sell-side analysts forecast that Aramark will post 2.24 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were paid a $0.12 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.48 annualized dividend and a yield of 0.9%. Aramark’s payout ratio is presently 35.82%.

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.