Vestcor Inc Sells 10,956 Shares of Aramark $ARMK

Vestcor Inc decreased its holdings in shares of Aramark (NYSE:ARMK) by 66.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,592 shares of the company’s stock after selling 10,956 shares during the period. Vestcor Inc’s holdings in Aramark were worth $206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ARMK. Activest Wealth Management purchased a new position in Aramark in the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Aramark in the 3rd quarter worth approximately $28,000. Quarry LP purchased a new position in Aramark in the 3rd quarter worth approximately $35,000. Osterweis Capital Management Inc. purchased a new position in Aramark in the 2nd quarter worth approximately $40,000. Finally, Torren Management LLC purchased a new position in Aramark in the 4th quarter worth approximately $43,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Aramark from $48.00 to $56.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. The Goldman Sachs Group restated a “buy” rating and issued a $51.00 price objective on shares of Aramark in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $54.00 price objective on shares of Aramark in a report on Wednesday, May 13th. Truist Financial boosted their price objective on shares of Aramark from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada boosted their price objective on shares of Aramark from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Aramark has an average rating of “Moderate Buy” and an average target price of $54.50.

Aramark Trading Down 0.7%

NYSE:ARMK opened at $53.41 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85. Aramark has a 12 month low of $35.07 and a 12 month high of $54.57. The company has a market cap of $14.04 billion, a PE ratio of 39.86, a price-to-earnings-growth ratio of 1.11 and a beta of 1.12. The company has a 50 day simple moving average of $47.91 and a two-hundred day simple moving average of $42.10.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, May 12th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm’s revenue was up 14.7% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Research analysts forecast 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. Shareholders of record on Wednesday, May 20th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Aramark’s payout ratio is 35.82%.

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.