Legal & General Group Plc Acquires New Stake in Aramark $ARMK

Legal & General Group Plc bought a new stake in Aramark (NYSE:ARMK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 378,527 shares of the company’s stock, valued at approximately $21,538,000.

A number of other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Aramark during the 2nd quarter valued at about $10,835,000. Sone Capital Management LLC purchased a new position in shares of Aramark in the second quarter worth approximately $11,162,000. SaddleRock Capital Management LLC bought a new stake in Aramark during the second quarter valued at approximately $9,009,000. Algert Global LLC purchased a new stake in Aramark during the second quarter valued at approximately $16,094,000. Finally, Ranger Investment Management L.P. purchased a new stake in Aramark during the second quarter valued at approximately $18,985,000.

Aramark Stock Down 1.4%

ARMK opened at $58.06 on Friday. The stock has a market cap of $15.31 billion, a price-to-earnings ratio of 40.60, a price-to-earnings-growth ratio of 1.02 and a beta of 1.12. 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’s fifty day moving average is $57.48 and its 200 day moving average is $49.65. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $62.65.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $5.06 billion during 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%.Aramark’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, sell-side analysts forecast that Aramark will post 2.27 earnings per share for the current fiscal year.

Aramark Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ARMK shares. The Goldman Sachs Group reiterated a “buy” rating and set a $70.00 price target on shares of Aramark in a research note on Wednesday, August 12th. Bank of America raised their target price on Aramark from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Robert W. Baird boosted their price target on Aramark from $63.00 to $69.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Jefferies Financial Group upped their price target on Aramark from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Finally, Stifel Nicolaus raised their price objective on Aramark from $54.00 to $70.00 and gave the stock a “buy” rating 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.14.

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.