Waddell & Associates LLC Purchases New Shares in Aramark $ARMK

Waddell & Associates LLC purchased a new stake in shares of Aramark (NYSE:ARMK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,725 shares of the company’s stock, valued at approximately $358,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital International Investors increased its stake in shares of Aramark by 1.0% in the 4th quarter. Capital International Investors now owns 24,894,503 shares of the company’s stock valued at $917,789,000 after buying an additional 247,594 shares during the period. Geode Capital Management LLC increased its stake in shares of Aramark by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 4,677,911 shares of the company’s stock valued at $172,464,000 after buying an additional 56,404 shares during the period. Norges Bank acquired a new stake in shares of Aramark in the 4th quarter valued at $128,738,000. Junto Capital Management LP acquired a new stake in shares of Aramark in the 3rd quarter valued at $132,157,000. Finally, AQR Capital Management LLC increased its stake in shares of Aramark by 281.1% in the 3rd quarter. AQR Capital Management LLC now owns 3,367,964 shares of the company’s stock valued at $129,296,000 after buying an additional 2,484,319 shares during the period.

Aramark Stock Performance

ARMK stock opened at $53.81 on Wednesday. The business’s 50-day moving average price is $47.65 and its two-hundred day moving average price is $41.98. 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 firm has a market cap of $14.15 billion, a PE ratio of 40.16, a P/E/G ratio of 1.09 and a beta of 1.12. Aramark has a 1-year low of $35.07 and a 1-year high of $54.57.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. Aramark had a return on equity of 17.05% and a net margin of 1.84%.The firm had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter last year, the business posted $0.35 EPS. The company’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, research analysts forecast that Aramark will post 2.24 earnings per share for the current year.

Aramark Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on ARMK shares. JPMorgan Chase & Co. raised their price target on Aramark from $49.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada raised their price target on Aramark from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $54.00 price target on shares of Aramark in a research report on Wednesday, May 13th. UBS Group raised their price target on Aramark from $48.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $51.00 price target on shares of Aramark in a research report on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.50.

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.