Heartland Advisors Inc. Trims Stake in Aramark $ARMK

Heartland Advisors Inc. trimmed its holdings in shares of Aramark (NYSE:ARMK) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 244,177 shares of the company’s stock after selling 13,815 shares during the quarter. Heartland Advisors Inc. owned about 0.09% of Aramark worth $9,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ARMK. Activest Wealth Management bought a new stake in Aramark during the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new stake in Aramark during the third quarter worth about $28,000. Quarry LP bought a new stake in Aramark during the third quarter worth about $35,000. Osterweis Capital Management Inc. bought a new stake in Aramark during the second quarter worth about $40,000. Finally, Torren Management LLC bought a new stake in Aramark during the fourth quarter worth about $43,000.

Aramark Trading Down 0.7%

NYSE ARMK opened at $53.41 on Thursday. Aramark has a 1-year low of $35.07 and a 1-year high of $54.57. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85. The stock has a 50-day moving average of $47.91 and a 200-day moving average of $42.10. The firm has a market cap of $14.04 billion, a PE ratio of 39.86, a price-to-earnings-growth ratio of 1.11 and a beta of 1.12.

Aramark (NYSE:ARMK) last released its earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Aramark had a return on equity of 17.05% and a net margin of 1.84%.The company had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same quarter in the previous year, the company posted $0.35 EPS. Aramark’s revenue for the quarter was up 14.7% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, sell-side analysts forecast that Aramark will post 2.24 EPS for the current year.

Aramark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Aramark’s payout ratio is 35.82%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ARMK. Bank of America lifted their price target on Aramark from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Truist Financial lifted their price target on Aramark from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Morgan Stanley lifted their price target on Aramark from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Stifel Nicolaus lifted their price target on Aramark from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aramark in a research note on Friday, March 27th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Aramark currently has an average rating of “Moderate Buy” and an average target price of $54.50.

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.