PNC Financial Services Group Inc. Acquires 2,920 Shares of Aramark $ARMK

PNC Financial Services Group Inc. lifted its stake in Aramark (NYSE:ARMK) by 23.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,582 shares of the company’s stock after buying an additional 2,920 shares during the period. PNC Financial Services Group Inc.’s holdings in Aramark were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ARMK. Fiduciary Management Inc. WI raised its holdings in Aramark by 13.8% in the 1st quarter. Fiduciary Management Inc. WI now owns 13,037,630 shares of the company’s stock valued at $450,059,000 after acquiring an additional 1,582,890 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Aramark by 16.3% in the first quarter. Dimensional Fund Advisors LP now owns 5,762,907 shares of the company’s stock valued at $198,922,000 after purchasing an additional 809,792 shares in the last quarter. PointState Capital LP lifted its position in Aramark by 9.9% during the first quarter. PointState Capital LP now owns 2,956,147 shares of the company’s stock worth $102,046,000 after purchasing an additional 265,530 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Aramark by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,768,526 shares of the company’s stock worth $61,050,000 after buying an additional 21,655 shares in the last quarter. Finally, Junto Capital Management LP bought a new position in Aramark in the 1st quarter valued at about $46,499,000.

Aramark Stock Performance

NYSE ARMK opened at $37.84 on Friday. The firm’s fifty day moving average price is $38.37 and its two-hundred day moving average price is $39.79. The stock has a market cap of $9.95 billion, a PE ratio of 28.03 and a beta of 1.24. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49.

Aramark (NYSE:ARMK) last released 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). Aramark had a net margin of 2.02% and a return on equity of 15.67%. The firm had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period last year, the business earned $0.54 EPS. The company’s 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. On average, equities analysts expect that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, December 5th will be paid a $0.12 dividend. 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 1.3%. The ex-dividend date of this dividend is Friday, December 5th. Aramark’s payout ratio is currently 39.34%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ARMK shares. Morgan Stanley cut their price target on shares of Aramark from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, November 18th. Baird R W upgraded Aramark from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aramark in a report on Tuesday, October 14th. Wall Street Zen cut Aramark from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, UBS Group dropped their price objective on Aramark from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.67.

Aramark Profile

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.