Aramark $ARMK Position Boosted by Leeward Investments LLC MA

Leeward Investments LLC MA lifted its stake in shares of Aramark (NYSE:ARMK) by 19.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 242,407 shares of the company’s stock after purchasing an additional 40,148 shares during the period. Leeward Investments LLC MA owned about 0.09% of Aramark worth $10,150,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ARMK. Harbour Investments Inc. lifted its position in shares of Aramark by 40,750.0% during the first quarter. Harbour Investments Inc. now owns 817 shares of the company’s stock worth $28,000 after purchasing an additional 815 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Aramark by 160.7% during the second quarter. Parallel Advisors LLC now owns 1,100 shares of the company’s stock worth $46,000 after purchasing an additional 678 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position 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 worth $47,000 after purchasing an additional 789 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Aramark by 83.2% during the first quarter. Bessemer Group Inc. now owns 1,411 shares of the company’s stock worth $49,000 after purchasing an additional 641 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new stake in Aramark during the second quarter worth about $51,000.

Aramark Trading Up 0.3%

Aramark stock opened at $40.01 on Friday. The firm has a 50 day simple moving average of $38.85 and a 200-day simple moving average of $39.09. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.29 and a quick ratio of 1.14. The stock has a market capitalization of $10.52 billion, a PE ratio of 29.64 and a beta of 1.21. Aramark has a 12-month low of $29.92 and a 12-month high of $44.49.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.66 billion. Aramark had a net margin of 2.02% and a return on equity of 15.67%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. As a group, equities research analysts expect that Aramark will post 1.92 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on ARMK. UBS Group dropped their price objective on shares of Aramark from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Baird R W upgraded shares of Aramark from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Robert W. Baird upgraded shares of Aramark from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $43.00 to $47.00 in a research note on Wednesday, August 6th. Morgan Stanley increased their price objective on shares of Aramark from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, June 30th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Aramark in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Aramark has an average rating of “Moderate Buy” and an average target price of $45.88.

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.