Danica Pension Livsforsikringsaktieselskab Acquires New Stake in Aramark $ARMK

Danica Pension Livsforsikringsaktieselskab purchased a new position in Aramark (NYSE:ARMK) during the second quarter, HoldingsChannel reports. The firm purchased 135,174 shares of the company’s stock, valued at approximately $7,691,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Activest Wealth Management bought a new position in Aramark in the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Aramark during the third quarter valued at approximately $28,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Aramark in the first quarter valued at approximately $32,000. Kestra Advisory Services LLC bought a new position in Aramark in the fourth quarter worth approximately $32,000. Finally, Elevation Wealth Partners LLC grew its stake in Aramark by 2,842.9% in the second quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock worth $35,000 after purchasing an additional 597 shares in the last quarter.

Aramark Trading Down 2.1%

Aramark stock opened at $60.51 on Wednesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28. The stock has a market cap of $15.95 billion, a PE ratio of 42.31, a price-to-earnings-growth ratio of 1.10 and a beta of 1.12. The stock has a 50-day moving average of $56.62 and a two-hundred day moving average of $48.55. Aramark has a one year low of $35.07 and a one year high of $62.65.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.94 billion. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, research analysts anticipate that Aramark will post 2.27 EPS for the current fiscal year.

Aramark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. Aramark’s dividend payout ratio (DPR) is 33.57%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ARMK. Royal Bank Of Canada raised their price target on Aramark from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Stifel Nicolaus upped their price objective on shares of Aramark from $54.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Morgan Stanley set a $63.00 target price on shares of Aramark in a research report on Tuesday, August 11th. New Street Research set a $70.00 price target on shares of Aramark in a report on Thursday, August 13th. Finally, UBS Group upped their price target on shares of Aramark from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.07.

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.