Permian Investment Partners LP Invests $102.12 Billion in Aramark $ARMK

Permian Investment Partners LP purchased a new stake in Aramark (NYSE:ARMK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,794,698 shares of the company’s stock, valued at approximately $102,118,316,000. Aramark comprises 11.2% of Permian Investment Partners LP’s portfolio, making the stock its 5th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Aramark during the 2nd quarter worth approximately $1,411,586,000. Entropy Technologies LP bought a new stake in Aramark in the 1st quarter valued at $2,552,000. Bank of New York Mellon Corp boosted its stake in Aramark by 4.7% in the 1st quarter. Bank of New York Mellon Corp now owns 2,558,199 shares of the company’s stock worth $103,709,000 after purchasing an additional 114,662 shares during the period. Callan Family Office LLC bought a new position in Aramark during the 2nd quarter worth about $2,065,000. Finally, Principal Financial Group Inc. raised its stake in shares of Aramark by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 586,473 shares of the company’s stock valued at $23,776,000 after purchasing an additional 21,267 shares during the period.

Aramark Price Performance

NYSE:ARMK opened at $59.55 on Thursday. The stock has a market capitalization of $15.70 billion, a PE ratio of 41.64, a P/E/G ratio of 1.04 and a beta of 1.12. Aramark has a 1-year low of $35.07 and a 1-year high of $62.65. The firm has a fifty day simple moving average of $57.27 and a 200 day simple moving average of $49.44. The company has a current ratio of 1.28, a quick ratio of 1.14 and a debt-to-equity ratio of 1.80.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter last year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, research analysts expect that Aramark will post 2.27 EPS for the current fiscal year.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. Aramark’s payout ratio is 33.57%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank Of Canada upped their price objective on Aramark from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $74.00 price target on shares of Aramark in a research report on Wednesday, August 12th. Morgan Stanley set a $63.00 price objective on shares of Aramark in a report on Tuesday, August 11th. JPMorgan Chase & Co. increased their target price on shares of Aramark from $55.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Finally, Stifel Nicolaus raised their target price on shares of Aramark from $54.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.14.

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.