Palisade Capital Management LP Takes $3.51 Million Position in Aramark $ARMK

Palisade Capital Management LP purchased a new position in Aramark (NYSE:ARMK) during the second quarter, HoldingsChannel reports. The firm purchased 61,734 shares of the company’s stock, valued at approximately $3,513,000.

Several other institutional investors also recently added to or reduced their stakes in ARMK. BlackRock Inc. purchased a new position in Aramark during the 2nd quarter worth $1,411,586,000. AQR Capital Management LLC lifted its holdings in shares of Aramark by 163.1% in the 4th quarter. AQR Capital Management LLC now owns 8,860,010 shares of the company’s stock worth $326,580,000 after buying an additional 5,492,046 shares during the period. Milford Funds Ltd. purchased a new stake in shares of Aramark in the 4th quarter worth $181,204,000. Norges Bank bought a new position in shares of Aramark during the 4th quarter worth $128,738,000. Finally, Cooke & Bieler LP purchased a new position in shares of Aramark during the fourth quarter valued at $118,110,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ARMK shares. New Street Research set a $70.00 price objective on Aramark in a report on Thursday, August 13th. Morgan Stanley set a $63.00 target price on shares of Aramark in a research report on Tuesday, August 11th. Truist Financial boosted their price target on shares of Aramark from $58.00 to $70.00 and gave the company a “buy” rating in a report on Monday, July 27th. JPMorgan Chase & Co. upped their price target on shares of Aramark from $55.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $74.00 price objective on shares of Aramark in a research note on Wednesday, August 12th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.14.

Aramark Trading Down 0.4%

Shares of NYSE ARMK opened at $59.07 on Wednesday. Aramark has a 1-year low of $35.07 and a 1-year high of $62.65. The business has a fifty day moving average price of $57.15 and a 200 day moving average price of $49.30. The stock has a market capitalization of $15.57 billion, a P/E ratio of 41.31, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14.

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

Aramark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.8%. Aramark’s payout ratio is presently 33.57%.

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.