Pacer Advisors Inc. Purchases Shares of 34,928 Aramark $ARMK

Pacer Advisors Inc. acquired a new stake in Aramark (NYSE:ARMK) during the 3rd quarter, Holdings Channel reports. The firm acquired 34,928 shares of the company’s stock, valued at approximately $1,341,000.

Several other institutional investors have also recently made changes to their positions in ARMK. Norges Bank purchased a new position in Aramark in the 2nd quarter worth approximately $135,218,000. Soros Fund Management LLC purchased a new stake in Aramark during the 2nd quarter valued at approximately $64,902,000. Ilex Capital Partners UK LLP bought a new stake in shares of Aramark during the second quarter valued at approximately $52,142,000. Sunriver Management LLC purchased a new position in shares of Aramark in the second quarter worth $51,865,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Aramark by 6.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 18,673,028 shares of the company’s stock worth $781,840,000 after acquiring an additional 1,067,132 shares during the last quarter.

Wall Street Analyst Weigh In

ARMK has been the topic of a number of research reports. Robert W. Baird reduced their price target on shares of Aramark from $47.00 to $46.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. Morgan Stanley lifted their target price on Aramark from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Stifel Nicolaus set a $44.00 price objective on Aramark in a report on Monday, November 17th. Citigroup increased their target price on Aramark from $46.50 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Aramark in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Aramark currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.83.

Aramark Price Performance

Shares of ARMK stock opened at $36.88 on Friday. Aramark has a twelve month low of $29.92 and a twelve month high of $44.49. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 1.71. The stock has a fifty day simple moving average of $37.72 and a two-hundred day simple moving average of $39.39. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 30.23, a P/E/G ratio of 1.30 and a beta of 1.12.

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 1.76% and a return on equity of 16.39%. The firm had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business’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, analysts predict that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, December 5th were issued a $0.12 dividend. The ex-dividend date was Friday, December 5th. This represents a $0.48 annualized dividend and a dividend yield of 1.3%. This is an increase from Aramark’s previous quarterly dividend of $0.11. Aramark’s dividend payout ratio (DPR) is presently 39.34%.

About Aramark

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.