Massachusetts Financial Services Co. MA Purchases 639,423 Shares of Aramark $ARMK

Massachusetts Financial Services Co. MA increased its position in Aramark (NYSE:ARMK) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,312,451 shares of the company’s stock after purchasing an additional 639,423 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.07% of Aramark worth $741,598,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in Aramark by 4.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,619 shares of the company’s stock valued at $277,000 after purchasing an additional 255 shares during the last quarter. Steph & Co. boosted its position in shares of Aramark by 10.0% during the third quarter. Steph & Co. now owns 3,352 shares of the company’s stock valued at $129,000 after buying an additional 306 shares during the last quarter. ProShare Advisors LLC grew its holdings in Aramark by 2.9% during the second quarter. ProShare Advisors LLC now owns 11,619 shares of the company’s stock worth $486,000 after buying an additional 325 shares in the last quarter. Cetera Investment Advisers grew its holdings in Aramark by 7.4% during the second quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock worth $347,000 after buying an additional 573 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Aramark by 160.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,100 shares of the company’s stock valued at $46,000 after buying an additional 678 shares during the last quarter.

Aramark Stock Performance

Shares of ARMK opened at $39.59 on Friday. Aramark has a 1 year low of $29.92 and a 1 year high of $44.49. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.88. The stock’s fifty day moving average price is $37.72 and its two-hundred day moving average price is $39.19. The firm has a market cap of $10.41 billion, a PE ratio of 32.45, a PEG ratio of 1.32 and a beta of 1.11.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Monday, November 17th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.08). The firm had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.16 billion. Aramark had a return on equity of 16.39% and a net margin of 1.76%.The company’s revenue was up 14.3% compared to the same quarter last year. During the same period last year, the business posted $0.54 EPS. Aramark has set its FY 2026 guidance at 2.180-2.28 EPS. On average, equities research analysts forecast that Aramark will post 1.92 EPS for the current year.

Aramark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Friday, December 5th were given a dividend of $0.12 per share. This is an increase from Aramark’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, December 5th. Aramark’s dividend payout ratio (DPR) is currently 39.34%.

Analyst Ratings Changes

ARMK has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aramark in a report on Monday, December 29th. Morgan Stanley raised their price target on shares of Aramark from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Robert W. Baird cut their target price on Aramark from $47.00 to $46.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Citigroup increased their price target on Aramark from $46.50 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Finally, UBS Group reissued a “buy” rating on shares of Aramark in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Aramark presently has a consensus rating of “Moderate Buy” and an average target price of $45.83.

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.