Aramark $ARMK Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its position in Aramark (NYSE:ARMK) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,700 shares of the company’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Aramark were worth $3,086,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Aramark by 4.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,619 shares of the company’s stock worth $277,000 after purchasing an additional 255 shares during the period. Great Lakes Advisors LLC increased its holdings in shares of Aramark by 4.3% during the 1st quarter. Great Lakes Advisors LLC now owns 9,267 shares of the company’s stock worth $320,000 after buying an additional 378 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Aramark by 1.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,504 shares of the company’s stock worth $915,000 after buying an additional 438 shares during the last quarter. Xponance Inc. increased its holdings in shares of Aramark by 1.5% during the 1st quarter. Xponance Inc. now owns 31,209 shares of the company’s stock worth $1,077,000 after buying an additional 451 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Aramark by 7.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,788 shares of the company’s stock worth $253,000 after buying an additional 465 shares during the last quarter.

Aramark Trading Up 3.1%

NYSE:ARMK opened at $39.84 on Friday. The business’s 50-day moving average is $39.00 and its two-hundred day moving average is $38.57. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.29 and a quick ratio of 1.14. Aramark has a 12 month low of $29.92 and a 12 month high of $44.49. The firm has a market capitalization of $10.47 billion, a PE ratio of 29.51 and a beta of 1.21.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, August 5th. The company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.66 billion. Aramark had a return on equity of 15.67% and a net margin of 2.02%.The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. Research analysts predict that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were paid a dividend of $0.105 per share. The ex-dividend date was Wednesday, August 6th. This represents a $0.42 annualized dividend and a dividend yield of 1.1%. Aramark’s dividend payout ratio (DPR) is currently 31.11%.

Analysts Set New Price Targets

A number of research firms have recently commented on ARMK. Baird R W upgraded Aramark from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Aramark in a report on Saturday, September 27th. Robert W. Baird upgraded Aramark from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $43.00 to $47.00 in a report on Wednesday, August 6th. UBS Group cut their price objective on Aramark from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. Finally, Wall Street Zen lowered Aramark from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.33.

Aramark Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.