Capital Group Private Client Services Inc. Sells 587,579 Shares of Aramark $ARMK

Capital Group Private Client Services Inc. cut its holdings in shares of Aramark (NYSE:ARMK) by 77.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 172,176 shares of the company’s stock after selling 587,579 shares during the period. Capital Group Private Client Services Inc. owned 0.07% of Aramark worth $6,612,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Osterweis Capital Management Inc. bought a new stake in shares of Aramark during the 2nd quarter valued at about $40,000. Clearstead Advisors LLC grew its stake in Aramark by 241.8% in the third quarter. Clearstead Advisors LLC now owns 1,545 shares of the company’s stock worth $59,000 after purchasing an additional 1,093 shares during the period. Rothschild Investment LLC grew its stake in Aramark by 3,892.3% in the third quarter. Rothschild Investment LLC now owns 1,557 shares of the company’s stock worth $60,000 after purchasing an additional 1,518 shares during the period. Bayforest Capital Ltd raised its holdings in Aramark by 75.1% in the third quarter. Bayforest Capital Ltd now owns 2,124 shares of the company’s stock worth $82,000 after purchasing an additional 911 shares in the last quarter. Finally, Steph & Co. lifted its position in Aramark by 10.0% during the third quarter. Steph & Co. now owns 3,352 shares of the company’s stock valued at $129,000 after buying an additional 306 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Citigroup upped their target price on shares of Aramark from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Morgan Stanley set a $45.00 price target on shares of Aramark in a research report on Tuesday, February 10th. UBS Group set a $47.00 price objective on shares of Aramark and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aramark in a research note on Monday, December 29th. Finally, Stifel Nicolaus lifted their target price on shares of Aramark from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.38.

Aramark Trading Down 0.0%

NYSE:ARMK opened at $40.24 on Tuesday. The stock has a market cap of $10.58 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 0.98 and a beta of 1.06. The company has a quick ratio of 1.13, a current ratio of 1.27 and a debt-to-equity ratio of 1.94. The company’s 50 day moving average price is $39.33 and its 200-day moving average price is $38.63. Aramark has a 52 week low of $29.92 and a 52 week high of $44.49.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.76 billion. Aramark had a net margin of 1.69% and a return on equity of 16.15%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. 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 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, February 18th. Aramark’s dividend payout ratio is presently 40.34%.

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.