Fisher Asset Management LLC Has $57.61 Million Position in Aramark $ARMK

Fisher Asset Management LLC grew its holdings in shares of Aramark (NYSE:ARMK) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,562,985 shares of the company’s stock after acquiring an additional 94,286 shares during the quarter. Fisher Asset Management LLC’s holdings in Aramark were worth $57,612,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management bought a new position in shares of Aramark during the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new position in Aramark in the 3rd quarter valued at about $28,000. Quarry LP bought a new position in shares of Aramark during the 3rd quarter worth approximately $35,000. Osterweis Capital Management Inc. bought a new position in shares of Aramark during the 2nd quarter worth approximately $40,000. Finally, Torren Management LLC bought a new position in shares of Aramark during the 4th quarter worth approximately $43,000.

Aramark Stock Up 1.9%

Shares of NYSE:ARMK opened at $52.24 on Wednesday. Aramark has a 52-week low of $35.07 and a 52-week high of $53.56. The firm has a fifty day moving average of $44.97 and a 200 day moving average of $40.86. The firm has a market capitalization of $13.74 billion, a PE ratio of 38.99, a price-to-earnings-growth ratio of 1.06 and a beta of 1.08. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.07 and a current ratio of 1.21.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The company had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same period in the previous year, the business earned $0.35 earnings per share. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, research analysts anticipate that Aramark will post 2.24 EPS for the current fiscal year.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, May 20th. Aramark’s dividend payout ratio is presently 35.82%.

Analyst Ratings Changes

Several research firms have commented on ARMK. Citigroup reissued a “buy” rating on shares of Aramark in a research report on Monday, May 18th. Stifel Nicolaus lifted their target price on shares of Aramark from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Oppenheimer raised their target price on Aramark from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. JPMorgan Chase & Co. lifted their price objective on shares of Aramark from $49.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, Bank of America lifted their price objective on shares of Aramark from $54.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.25.

Aramark Company 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.