Milford Funds Ltd. Makes New Investment in Aramark $ARMK

Milford Funds Ltd. purchased a new position in shares of Aramark (NYSE:ARMK) during the 4th quarter, HoldingsChannel reports. The firm purchased 4,916,002 shares of the company’s stock, valued at approximately $181,204,000. Aramark accounts for 3.6% of Milford Funds Ltd.’s portfolio, making the stock its 6th largest holding.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Aramark during the 4th quarter worth about $128,738,000. Junto Capital Management LP acquired a new position in shares of Aramark during the 3rd quarter worth about $132,157,000. Cooke & Bieler LP acquired a new position in shares of Aramark during the 4th quarter worth about $118,110,000. Pinebridge Investments LLC acquired a new position in shares of Aramark during the 4th quarter worth about $97,780,000. Finally, AQR Capital Management LLC boosted its position in shares of Aramark by 281.1% during the 3rd quarter. AQR Capital Management LLC now owns 3,367,964 shares of the company’s stock worth $129,296,000 after acquiring an additional 2,484,319 shares in the last quarter.

Aramark Stock Down 0.5%

Shares of NYSE ARMK opened at $54.28 on Friday. The stock has a market cap of $14.27 billion, a PE ratio of 40.51, a price-to-earnings-growth ratio of 1.12 and a beta of 1.12. The company has a quick ratio of 1.07, a current ratio of 1.21 and a debt-to-equity ratio of 1.85. Aramark has a 52-week low of $35.07 and a 52-week high of $54.93. The business has a 50-day moving average price of $48.44 and a 200 day moving average price of $42.30.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.75 billion. Aramark had a return on equity of 17.05% and a net margin of 1.84%.The business’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities research analysts forecast that Aramark will post 2.24 earnings per share for the current year.

Aramark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. Aramark’s dividend payout ratio is 35.82%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ARMK shares. Stifel Nicolaus upped their price objective on Aramark from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Truist Financial upped their price objective on Aramark from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aramark in a research report on Friday, March 27th. Royal Bank Of Canada upped their price objective on Aramark from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, UBS Group upped their price objective on Aramark from $48.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.33.

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.