436,543 Shares in Aramark $ARMK Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Aramark (NYSE:ARMK) in the 2nd quarter, HoldingsChannel reports. The fund purchased 436,543 shares of the company’s stock, valued at approximately $24,839,000.

Other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management bought a new position in shares of Aramark in the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Aramark during the third quarter valued at about $28,000. Cedar Mountain Advisors LLC bought a new stake in shares of Aramark during the first quarter worth about $32,000. Kestra Advisory Services LLC acquired a new stake in shares of Aramark in the 4th quarter worth about $32,000. Finally, Elevation Wealth Partners LLC raised its holdings in shares of Aramark by 2,842.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock worth $35,000 after acquiring an additional 597 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have issued reports on ARMK. Jefferies Financial Group lifted their price target on Aramark from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Truist Financial raised their target price on Aramark from $58.00 to $70.00 and gave the company a “buy” rating in a report on Monday, July 27th. JPMorgan Chase & Co. lifted their target price on Aramark from $55.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Stifel Nicolaus upped their price target on Aramark from $54.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Finally, Royal Bank Of Canada increased their price target on Aramark from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $69.14.

Aramark Trading Down 0.7%

NYSE:ARMK opened at $59.32 on Tuesday. Aramark has a 52 week low of $35.07 and a 52 week high of $62.65. The firm has a 50-day moving average price of $57.06 and a two-hundred day moving average price of $49.15. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28. The firm has a market cap of $15.64 billion, a price-to-earnings ratio of 41.49, a price-to-earnings-growth ratio of 1.05 and a beta of 1.12.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.94 billion. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities analysts expect that Aramark will post 2.27 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.48 annualized dividend and a yield of 0.8%. Aramark’s payout ratio is currently 33.57%.

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.