Handelsbanken Fonder AB Has $3.23 Million Position in Aramark $ARMK

Handelsbanken Fonder AB boosted its holdings in Aramark (NYSE:ARMK) by 34.2% during the third quarter, HoldingsChannel.com reports. The fund owned 84,000 shares of the company’s stock after purchasing an additional 21,400 shares during the period. Handelsbanken Fonder AB’s holdings in Aramark were worth $3,226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARMK. Massachusetts Financial Services Co. MA grew its stake in shares of Aramark by 3.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 19,312,451 shares of the company’s stock valued at $741,598,000 after purchasing an additional 639,423 shares during the period. Norges Bank acquired a new stake in Aramark in the 2nd quarter valued at $135,218,000. Grantham Mayo Van Otterloo & Co. LLC grew its position in Aramark by 10.3% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,661,387 shares of the company’s stock valued at $111,432,000 after acquiring an additional 248,588 shares during the period. Soros Fund Management LLC acquired a new position in Aramark during the second quarter worth $64,902,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Aramark by 102.3% during the third quarter. JPMorgan Chase & Co. now owns 1,320,269 shares of the company’s stock valued at $50,700,000 after acquiring an additional 667,528 shares during the period.

Aramark Stock Down 0.8%

NYSE ARMK opened at $40.93 on Wednesday. The stock has a market capitalization of $10.76 billion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 1.00 and a beta of 1.06. Aramark has a 52 week low of $29.92 and a 52 week high of $44.49. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.13 and a current ratio of 1.27. The stock has a fifty day moving average of $39.08 and a 200-day moving average of $38.60.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. Aramark had a return on equity of 16.15% and a net margin of 1.69%.The business had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.76 billion. During the same quarter last year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities research analysts forecast that Aramark will post 1.92 EPS for the current year.

Aramark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, February 18th. Aramark’s dividend payout ratio is currently 40.34%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ARMK shares. Morgan Stanley set a $45.00 target price on shares of Aramark in a report on Tuesday, February 10th. Citigroup upped their price objective on shares of Aramark from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Robert W. Baird set a $50.00 target price on shares of Aramark in a research note on Wednesday, February 11th. Bank of America began coverage on Aramark in a report on Tuesday, February 17th. They issued a “buy” rating and a $50.00 target price on the stock. Finally, UBS Group set a $47.00 price target on Aramark and gave the company a “buy” rating in a report on Wednesday, February 11th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.38.

Aramark 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.