iA Global Asset Management Inc. Has $617,000 Stock Holdings in Aramark $ARMK

iA Global Asset Management Inc. decreased its position in shares of Aramark (NYSE:ARMK) by 97.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,231 shares of the company’s stock after selling 573,756 shares during the quarter. iA Global Asset Management Inc.’s holdings in Aramark were worth $617,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management bought a new stake in Aramark in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Aramark during the third quarter worth $28,000. Kestra Advisory Services LLC acquired a new position in shares of Aramark in the 4th quarter valued at $32,000. Quarry LP bought a new stake in shares of Aramark in the 3rd quarter valued at $35,000. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Aramark in the 2nd quarter valued at $40,000.

Wall Street Analyst Weigh In

Several research firms have weighed in on ARMK. UBS Group lifted their target price on Aramark from $48.00 to $56.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Truist Financial raised their price target on Aramark from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $65.00 price objective on shares of Aramark in a report on Monday. The Goldman Sachs Group reissued a “buy” rating and set a $51.00 target price on shares of Aramark in a research note on Wednesday, May 13th. Finally, Robert W. Baird raised their target price on shares of Aramark from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.29.

Aramark Price Performance

Shares of NYSE ARMK opened at $56.31 on Friday. The company has a fifty day moving average price of $51.54 and a 200 day moving average price of $44.04. The firm has a market cap of $14.81 billion, a PE ratio of 42.02, a PEG ratio of 1.06 and a beta of 1.11. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85. Aramark has a 1-year low of $35.07 and a 1-year high of $57.13.

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

Aramark Dividend Announcement

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. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Aramark’s dividend payout ratio (DPR) is currently 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.