Goldman Sachs Group Inc. Grows Stock Holdings in Aramark $ARMK

Goldman Sachs Group Inc. increased its stake in shares of Aramark (NYSE:ARMK) by 761.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,519,899 shares of the company’s stock after buying an additional 2,227,275 shares during the period. Goldman Sachs Group Inc. owned about 0.96% of Aramark worth $92,883,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Capital International Investors boosted its holdings in Aramark by 2.4% during the third quarter. Capital International Investors now owns 24,646,909 shares of the company’s stock worth $946,455,000 after buying an additional 580,215 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Aramark by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 4,677,911 shares of the company’s stock worth $172,464,000 after buying an additional 56,404 shares in the last quarter. Norges Bank purchased a new stake in Aramark during the fourth quarter worth about $128,738,000. Junto Capital Management LP purchased a new stake in Aramark during the third quarter worth about $132,157,000. Finally, AQR Capital Management LLC increased its holdings in Aramark by 281.1% during the 3rd quarter. AQR Capital Management LLC now owns 3,367,964 shares of the company’s stock valued at $129,296,000 after acquiring an additional 2,484,319 shares in the last quarter.

Aramark Price Performance

Aramark stock opened at $53.81 on Wednesday. Aramark has a 12-month low of $35.07 and a 12-month high of $54.57. The stock has a market capitalization of $14.15 billion, a P/E ratio of 40.16, a P/E/G ratio of 1.09 and a beta of 1.12. The firm’s 50-day moving average is $47.65 and its two-hundred day moving average is $41.98. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.21 and a quick ratio of 1.07.

Aramark (NYSE:ARMK) last released its earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The business had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.75 billion. During the same period last year, the company earned $0.35 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities analysts predict that Aramark will post 2.24 earnings per share for the current year.

Aramark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. Aramark’s dividend payout ratio (DPR) is currently 35.82%.

Analysts Set New Price Targets

ARMK has been the subject of several recent research reports. Bank of America raised their target price on shares of Aramark from $59.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada raised their target price on shares of Aramark from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Stifel Nicolaus raised their target price on shares of Aramark from $47.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $54.00 target price on shares of Aramark in a report on Wednesday, May 13th. Finally, Citigroup restated a “buy” rating on shares of Aramark in a report on Monday, May 18th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

About Aramark

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.