Sarasin & Partners LLP Trims Stake in Aramark $ARMK

Sarasin & Partners LLP reduced its holdings in Aramark (NYSE:ARMK) by 34.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,000 shares of the company’s stock after selling 21,000 shares during the quarter. Sarasin & Partners LLP’s holdings in Aramark were worth $2,276,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Entropy Technologies LP bought a new stake in Aramark during the first quarter valued at approximately $2,552,000. Bank of New York Mellon Corp increased its holdings in shares of Aramark by 4.7% in the 1st quarter. Bank of New York Mellon Corp now owns 2,558,199 shares of the company’s stock worth $103,709,000 after buying an additional 114,662 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Aramark by 13.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,177,184 shares of the company’s stock valued at $290,962,000 after buying an additional 868,900 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Aramark by 3.8% during the 1st quarter. Principal Financial Group Inc. now owns 586,473 shares of the company’s stock worth $23,776,000 after acquiring an additional 21,267 shares during the last quarter. Finally, CWM LLC grew its position in Aramark by 236.6% in the fourth quarter. CWM LLC now owns 199,751 shares of the company’s stock worth $7,363,000 after acquiring an additional 140,401 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Robert W. Baird set a $63.00 target price on Aramark in a research note on Friday, July 24th. Stifel Nicolaus upped their price objective on Aramark from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Bank of America increased their price objective on Aramark from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. The Goldman Sachs Group reissued a “buy” rating and set a $51.00 price objective on shares of Aramark in a report on Wednesday, May 13th. Finally, Truist Financial boosted their target price on Aramark from $58.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.62.

Aramark Stock Performance

Shares of ARMK stock opened at $56.29 on Friday. The company has a market capitalization of $14.80 billion, a P/E ratio of 42.01, a PEG ratio of 1.08 and a beta of 1.12. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $58.68. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.07 and a current ratio of 1.21. The stock has a 50 day moving average price of $55.62 and a two-hundred day moving average price of $47.38.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The business’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business earned $0.35 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Analysts expect that Aramark will post 2.24 earnings per share for the current year.

Aramark Dividend Announcement

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 paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Aramark’s dividend payout ratio is 35.82%.

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.