Great Lakes Advisors LLC Takes Position in Aramark $ARMK

Great Lakes Advisors LLC purchased a new position in shares of Aramark (NYSE:ARMK) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 98,346 shares of the company’s stock, valued at approximately $5,596,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management purchased a new position in Aramark during the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Aramark in the 3rd quarter valued at approximately $28,000. Cedar Mountain Advisors LLC acquired a new position in Aramark during the 1st quarter worth approximately $32,000. Kestra Advisory Services LLC acquired a new position in Aramark during the 4th quarter worth approximately $32,000. Finally, Elevation Wealth Partners LLC raised its stake in shares of Aramark by 2,842.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock worth $35,000 after buying an additional 597 shares in the last quarter.

Aramark Stock Down 1.2%

Aramark stock opened at $59.80 on Thursday. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $62.65. The firm has a market capitalization of $15.77 billion, a price-to-earnings ratio of 41.82, a price-to-earnings-growth ratio of 1.06 and a beta of 1.12. The stock’s fifty day moving average is $56.75 and its two-hundred day moving average is $48.70. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $5.06 billion during 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 business’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Analysts predict that Aramark will post 2.27 EPS for the current fiscal year.

Aramark Announces Dividend

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

Wall Street Analysts Forecast Growth

ARMK has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price objective on Aramark from $54.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. UBS Group upped their price target on shares of Aramark from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Oppenheimer increased their price target on shares of Aramark from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Citigroup raised their price objective on shares of Aramark from $70.50 to $74.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Truist Financial upped their target price on shares of Aramark from $58.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.14.

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.