Fisher Asset Management LLC Increases Stock Holdings in Aramark $ARMK

Fisher Asset Management LLC boosted its holdings in Aramark (NYSE:ARMK) by 73.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,468,699 shares of the company’s stock after purchasing an additional 622,430 shares during the quarter. Fisher Asset Management LLC’s holdings in Aramark were worth $56,398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Osterweis Capital Management Inc. acquired a new position in shares of Aramark during the 2nd quarter valued at about $40,000. Hantz Financial Services Inc. grew its holdings in Aramark by 1,323.1% in the second quarter. Hantz Financial Services Inc. now owns 1,295 shares of the company’s stock valued at $54,000 after purchasing an additional 1,204 shares during the period. Clearstead Advisors LLC raised its stake in Aramark by 241.8% during 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 raised its stake in Aramark by 3,892.3% during 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. Finally, Bayforest Capital Ltd boosted its holdings in shares of Aramark by 75.1% in the 3rd quarter. Bayforest Capital Ltd now owns 2,124 shares of the company’s stock valued at $82,000 after purchasing an additional 911 shares during the last quarter.

Aramark Price Performance

ARMK stock opened at $40.93 on Wednesday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.13 and a current ratio of 1.27. Aramark has a 1 year low of $29.92 and a 1 year high of $44.49. The firm has a market cap 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. The stock has a 50-day simple moving average of $39.08 and a 200-day simple moving average of $38.60.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.51 EPS for the quarter, topping 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 firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same period in the previous year, the company posted $0.51 EPS. Aramark’s revenue for the quarter was up 6.1% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities analysts predict that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on ARMK. Truist Financial upped their price objective on Aramark from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Robert W. Baird set a $50.00 price target on Aramark in a research note on Wednesday, February 11th. UBS Group set a $47.00 price objective on Aramark and gave the stock a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Aramark in a report on Monday, December 29th. Finally, Morgan Stanley set a $45.00 price target on shares of Aramark in a report on Tuesday, February 10th. Seven 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 presently has a consensus rating of “Moderate Buy” and an average target price 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.