Legal & General Group Plc Sells 14,494 Shares of Aramark $ARMK

Legal & General Group Plc decreased its holdings in shares of Aramark (NYSE:ARMK) by 3.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 418,598 shares of the company’s stock after selling 14,494 shares during the period. Legal & General Group Plc owned 0.16% of Aramark worth $15,430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ARMK. Capital International Investors increased its holdings in Aramark by 2.4% during the third quarter. Capital International Investors now owns 24,646,909 shares of the company’s stock valued at $946,455,000 after buying an additional 580,215 shares during the period. Junto Capital Management LP purchased a new stake in Aramark during the third quarter worth $132,157,000. AQR Capital Management LLC boosted its position in Aramark by 281.1% during the 3rd quarter. AQR Capital Management LLC now owns 3,367,964 shares of the company’s stock valued at $129,296,000 after acquiring an additional 2,484,319 shares in the last quarter. Egerton Capital UK LLP increased its holdings in shares of Aramark by 13.2% in the 3rd quarter. Egerton Capital UK LLP now owns 3,204,201 shares of the company’s stock valued at $123,041,000 after acquiring an additional 374,656 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Aramark by 8.5% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,888,688 shares of the company’s stock valued at $110,926,000 after acquiring an additional 227,301 shares during the period.

Analyst Ratings Changes

ARMK has been the subject of a number of analyst reports. Citigroup restated a “buy” rating on shares of Aramark in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $54.00 target price on shares of Aramark in a report on Wednesday, May 13th. The Goldman Sachs Group reissued a “buy” rating and set a $51.00 price target on shares of Aramark in a research report on Wednesday, May 13th. Royal Bank Of Canada raised their price target on shares of Aramark from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Finally, UBS Group boosted their price objective on shares of Aramark from $48.00 to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.50.

Aramark Stock Down 0.6%

NYSE:ARMK opened at $54.06 on Wednesday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.21 and a quick ratio of 1.07. The company’s fifty day moving average price is $46.05 and its 200-day moving average price is $41.30. Aramark has a 1-year low of $35.07 and a 1-year high of $54.57. The firm has a market capitalization of $14.22 billion, a P/E ratio of 40.35, a PEG ratio of 1.12 and a beta of 1.12.

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

Aramark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Aramark’s dividend payout ratio (DPR) is 35.82%.

Aramark Company 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.