Shikiar Asset Management Inc. Lowers Stock Holdings in Aramark $ARMK

Shikiar Asset Management Inc. trimmed its stake in Aramark (NYSE:ARMK) by 57.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,985 shares of the company’s stock after selling 19,200 shares during the period. Shikiar Asset Management Inc.’s holdings in Aramark were worth $515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Aramark in the 3rd quarter valued at about $28,000. Quarry LP purchased a new stake in Aramark in the 3rd quarter valued at about $35,000. Osterweis Capital Management Inc. purchased a new stake in Aramark in the 2nd quarter valued at about $40,000. True Wealth Design LLC boosted its position in Aramark by 254.5% in the 4th quarter. True Wealth Design LLC now owns 1,308 shares of the company’s stock valued at $48,000 after buying an additional 939 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in Aramark by 8,753.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,328 shares of the company’s stock valued at $51,000 after buying an additional 1,313 shares during the period.

Aramark Trading Up 3.4%

NYSE:ARMK opened at $43.44 on Thursday. Aramark has a one year low of $29.92 and a one year high of $44.49. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.13 and a current ratio of 1.27. The firm has a market cap of $11.42 billion, a P/E ratio of 36.50, a P/E/G ratio of 1.03 and a beta of 1.06. The firm has a 50-day simple moving average of $40.35 and a 200-day simple moving average of $38.96.

Aramark (NYSE:ARMK) last posted its quarterly earnings results 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 net margin of 1.69% and a return on equity of 16.15%. The business had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.76 billion. During the same quarter in the previous year, the business posted $0.51 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities analysts anticipate that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, February 18th. Aramark’s payout ratio is 40.34%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ARMK. Oppenheimer boosted their price objective on shares of Aramark from $43.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, March 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Aramark in a research report on Friday, March 27th. Bank of America began coverage on shares of Aramark in a report on Tuesday, February 17th. They issued a “buy” rating and a $50.00 price target for the company. Truist Financial boosted their price target on shares of Aramark from $46.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Finally, Stifel Nicolaus boosted their price target on shares of Aramark from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.67.

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.