Aramark $ARMK Position Increased by Leeward Investments LLC MA

Leeward Investments LLC MA raised its holdings in shares of Aramark (NYSE:ARMK) by 19.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 242,407 shares of the company’s stock after buying an additional 40,148 shares during the period. Leeward Investments LLC MA’s holdings in Aramark were worth $10,150,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ARMK. State of New Jersey Common Pension Fund D lifted its stake in Aramark by 2.4% during the second quarter. State of New Jersey Common Pension Fund D now owns 83,346 shares of the company’s stock valued at $3,490,000 after buying an additional 1,983 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Aramark by 4.6% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 27,728 shares of the company’s stock valued at $1,161,000 after acquiring an additional 1,224 shares in the last quarter. Exencial Wealth Advisors LLC boosted its stake in Aramark by 46.5% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 17,460 shares of the company’s stock worth $731,000 after purchasing an additional 5,542 shares during the period. Bayforest Capital Ltd purchased a new position in Aramark during the 2nd quarter worth approximately $51,000. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Aramark by 10.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,849 shares of the company’s stock valued at $789,000 after purchasing an additional 1,803 shares during the period.

Aramark Stock Up 0.3%

ARMK opened at $40.01 on Friday. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49. The business has a 50-day moving average of $38.85 and a 200-day moving average of $39.09. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.29 and a quick ratio of 1.14. The company has a market capitalization of $10.52 billion, a PE ratio of 29.64 and a beta of 1.21.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ARMK. UBS Group lowered their price target on Aramark from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aramark in a research note on Tuesday, October 14th. Robert W. Baird raised shares of Aramark from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $43.00 to $47.00 in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of Aramark from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Morgan Stanley upped their price target on shares of Aramark from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.88.

Aramark Company 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.