Public Employees Retirement System of Ohio Purchases New Shares in Aramark $ARMK

Public Employees Retirement System of Ohio bought a new position in shares of Aramark (NYSE:ARMK) during the 2nd quarter, Holdings Channel reports. The firm bought 74,665 shares of the company’s stock, valued at approximately $4,248,000.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in Aramark during the 2nd quarter worth about $1,411,586,000. Jupiter Topco LLC bought a new position in shares of Aramark in the second quarter worth about $1,041,407,000. AQR Capital Management LLC lifted its position in shares of Aramark by 163.1% during the fourth quarter. AQR Capital Management LLC now owns 8,860,010 shares of the company’s stock worth $326,580,000 after purchasing an additional 5,492,046 shares in the last quarter. Milford Funds Ltd. acquired a new position in shares of Aramark during the fourth quarter worth approximately $181,204,000. Finally, Norges Bank bought a new stake in shares of Aramark during the fourth quarter valued at approximately $128,738,000.

Aramark Trading Up 0.8%

Shares of NYSE ARMK opened at $57.19 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.28 and a debt-to-equity ratio of 1.80. Aramark has a twelve month low of $35.07 and a twelve month high of $62.65. The company’s fifty day moving average is $57.69 and its 200-day moving average is $50.18. The stock has a market cap of $15.08 billion, a price-to-earnings ratio of 39.99, a P/E/G ratio of 1.00 and a beta of 1.12.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The company had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same period in the prior year, the company earned $0.40 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities research analysts predict that Aramark will post 2.27 EPS for the current 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 paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. Aramark’s dividend payout ratio is presently 33.57%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Aramark from $63.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada lifted their target price on Aramark from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. New Street Research set a $70.00 price target on Aramark in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $74.00 price objective on shares of Aramark in a report on Wednesday, August 12th. Finally, Jefferies Financial Group lifted their price target on shares of Aramark from $62.00 to $70.00 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 assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.14.

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.