State Board of Administration of Florida Retirement System Increases Holdings in Aramark $ARMK

State Board of Administration of Florida Retirement System raised its stake in Aramark (NYSE:ARMK) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 279,160 shares of the company’s stock after purchasing an additional 2,310 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.11% of Aramark worth $11,688,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ARMK. Harbour Investments Inc. raised its holdings in shares of Aramark by 40,750.0% during the 1st quarter. Harbour Investments Inc. now owns 817 shares of the company’s stock valued at $28,000 after buying an additional 815 shares during the period. Parallel Advisors LLC grew its position in Aramark by 160.7% in the second quarter. Parallel Advisors LLC now owns 1,100 shares of the company’s stock valued at $46,000 after acquiring an additional 678 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Aramark by 241.3% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,116 shares of the company’s stock valued at $47,000 after purchasing an additional 789 shares during the period. Bayforest Capital Ltd purchased a new stake in shares of Aramark during the second quarter valued at approximately $51,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of Aramark by 1,323.1% in the second quarter. Hantz Financial Services Inc. now owns 1,295 shares of the company’s stock valued at $54,000 after purchasing an additional 1,204 shares during the period.

Aramark Stock Down 0.3%

Aramark stock opened at $37.07 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.03. Aramark has a 1-year low of $29.92 and a 1-year high of $44.49. The firm’s fifty day simple moving average is $38.34 and its 200-day simple moving average is $39.75. The company has a market capitalization of $9.75 billion, a P/E ratio of 27.46 and a beta of 1.24.

Aramark (NYSE:ARMK) last posted its earnings results on Monday, November 17th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.08). Aramark had a return on equity of 15.67% and a net margin of 2.02%.The business had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period in the previous year, the company earned $0.54 earnings per share. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.28 EPS. Sell-side analysts forecast that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, December 5th will be issued a $0.12 dividend. This is an increase from Aramark’s previous quarterly dividend of $0.11. The ex-dividend date is Friday, December 5th. This represents a $0.48 annualized dividend and a yield of 1.3%. Aramark’s dividend payout ratio is presently 39.34%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ARMK shares. Wall Street Zen downgraded shares of Aramark from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Stifel Nicolaus set a $44.00 target price on Aramark in a research report on Monday, November 17th. Morgan Stanley cut their price target on Aramark from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 18th. UBS Group restated a “buy” rating on shares of Aramark in a research note on Monday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aramark in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $45.67.

About Aramark

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.