Norges Bank Invests $128.74 Million in Aramark $ARMK

Norges Bank bought a new position in shares of Aramark (NYSE:ARMK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,492,633 shares of the company’s stock, valued at approximately $128,738,000. Norges Bank owned about 1.33% of Aramark as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Junto Capital Management LP bought a new stake in shares of Aramark in the third quarter worth about $132,157,000. Cooke & Bieler LP bought a new position in Aramark during the fourth quarter valued at approximately $118,110,000. AQR Capital Management LLC grew its holdings 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 buying an additional 2,484,319 shares in the last quarter. Invesco Ltd. increased its stake in Aramark by 176.8% in the 3rd quarter. Invesco Ltd. now owns 1,878,371 shares of the company’s stock worth $72,129,000 after acquiring an additional 1,199,729 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Aramark by 76.0% in the 3rd quarter. Bank of America Corp DE now owns 2,487,816 shares of the company’s stock worth $95,532,000 after acquiring an additional 1,074,609 shares during the last quarter.

Aramark Stock Down 0.2%

NYSE:ARMK opened at $53.41 on Friday. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 39.86, a price-to-earnings-growth ratio of 1.10 and a beta of 1.12. Aramark has a twelve month low of $35.07 and a twelve month high of $54.57. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85. The stock has a fifty day simple moving average of $46.88 and a 200-day simple moving average of $41.63.

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

Aramark Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group boosted their price objective on Aramark from $48.00 to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. lifted their target price on Aramark from $49.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $54.00 price target on shares of Aramark in a report on Wednesday, May 13th. Robert W. Baird raised their price target on Aramark from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Bank of America lifted their price objective on shares of Aramark from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $54.50.

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.