Neuberger Berman Group LLC Purchases 595,953 Shares of Aramark $ARMK

Neuberger Berman Group LLC boosted its position in Aramark (NYSE:ARMK) by 39.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,089,164 shares of the company’s stock after purchasing an additional 595,953 shares during the period. Neuberger Berman Group LLC owned 0.79% of Aramark worth $80,224,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. South Dakota Investment Council grew its holdings in shares of Aramark by 15.5% during the third quarter. South Dakota Investment Council now owns 64,950 shares of the company’s stock worth $2,494,000 after purchasing an additional 8,700 shares during the last quarter. Focus Partners Advisor Solutions LLC bought a new position in Aramark in the 3rd quarter valued at approximately $640,000. Elo Mutual Pension Insurance Co boosted its position in Aramark by 53.6% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 50,799 shares of the company’s stock worth $1,951,000 after buying an additional 17,716 shares during the period. Fisher Asset Management LLC boosted its position in Aramark by 73.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,468,699 shares of the company’s stock worth $56,398,000 after buying an additional 622,430 shares during the period. Finally, Egerton Capital UK LLP grew its holdings in Aramark by 13.2% during the 3rd quarter. Egerton Capital UK LLP now owns 3,204,201 shares of the company’s stock worth $123,041,000 after acquiring an additional 374,656 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ARMK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aramark in a research note on Monday, December 29th. Morgan Stanley set a $45.00 price objective on shares of Aramark in a research note on Tuesday, February 10th. Truist Financial increased their price objective on Aramark from $46.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. UBS Group set a $47.00 target price on Aramark and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Bank of America initiated coverage on Aramark in a research report on Tuesday, February 17th. They issued a “buy” rating and a $50.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.38.

Aramark Stock Down 1.9%

Shares of NYSE:ARMK opened at $40.28 on Friday. 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 52-week low of $29.92 and a 52-week high of $44.49. The business’s 50 day simple moving average is $39.27 and its two-hundred day simple moving average is $38.64. The firm has a market cap of $10.59 billion, a P/E ratio of 33.85, a PEG ratio of 1.00 and a beta of 1.06.

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

Aramark Announces Dividend

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

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.