Aramark $ARMK Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its holdings in shares of Aramark (NYSE:ARMK) by 21.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,886 shares of the company’s stock after selling 24,583 shares during the quarter. Voya Investment Management LLC’s holdings in Aramark were worth $3,490,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Osterweis Capital Management Inc. purchased a new position in shares of Aramark in the second quarter worth about $40,000. Parallel Advisors LLC raised its holdings in Aramark by 160.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,100 shares of the company’s stock valued at $46,000 after acquiring an additional 678 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Aramark by 241.3% in the 2nd 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 in the last quarter. Bayforest Capital Ltd acquired a new position in shares of Aramark during the 2nd quarter worth approximately $51,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Aramark by 1,323.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,295 shares of the company’s stock worth $54,000 after purchasing an additional 1,204 shares during the last quarter.

Aramark Price Performance

Shares of ARMK opened at $37.42 on Friday. The company has a market cap of $9.84 billion, a P/E ratio of 30.67, a PEG ratio of 1.33 and a beta of 1.12. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm’s 50 day moving average price is $37.92 and its 200 day moving average price is $39.47.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Monday, November 17th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.08). The business had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.16 billion. Aramark had a return on equity of 16.39% and a net margin of 1.76%.The business’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. Aramark has set its FY 2026 guidance at 2.180-2.28 EPS. On average, research analysts forecast that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Robert W. Baird reduced their price objective on Aramark from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 18th. Citigroup lifted their price target on Aramark from $46.50 to $49.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Aramark in a research report on Monday. Stifel Nicolaus set a $44.00 price objective on shares of Aramark in a research report on Monday, November 17th. Finally, Morgan Stanley lifted their target price on shares of Aramark from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $45.83.

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.