Aramark $ARMK Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC trimmed its position in shares of Aramark (NYSE:ARMK) by 17.5% in the 2nd quarter, Holdings Channel reports. The firm owned 1,493,211 shares of the company’s stock after selling 315,763 shares during the period. Neuberger Berman Group LLC’s holdings in Aramark were worth $62,521,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARMK. Norges Bank purchased a new stake in shares of Aramark during the second quarter worth $135,218,000. Grantham Mayo Van Otterloo & Co. LLC boosted its position in Aramark by 10.3% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,661,387 shares of the company’s stock worth $111,432,000 after acquiring an additional 248,588 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in Aramark by 0.8% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 279,160 shares of the company’s stock valued at $11,688,000 after acquiring an additional 2,310 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Aramark by 94.7% in the 2nd quarter. Quadrant Capital Group LLC now owns 16,413 shares of the company’s stock valued at $687,000 after acquiring an additional 7,985 shares during the last quarter. Finally, Choreo LLC purchased a new position in Aramark in the 2nd quarter worth approximately $211,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus set a $44.00 price target on Aramark in a research report on Monday, November 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Aramark in a research note on Tuesday, October 14th. Baird R W raised Aramark from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Citigroup boosted their price target on shares of Aramark from $46.50 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Finally, Wall Street Zen lowered Aramark from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Aramark currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.67.

Aramark Stock Down 1.6%

Shares of NYSE:ARMK opened at $37.34 on Friday. The stock has a market cap of $9.81 billion, a P/E ratio of 27.66 and a beta of 1.24. Aramark has a 1-year low of $29.92 and a 1-year high of $44.49. The firm has a fifty day moving average price of $38.37 and a 200 day moving average price of $39.76. 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 (NYSE:ARMK) last announced its quarterly earnings data on Monday, November 17th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.08). Aramark had a return on equity of 15.67% and a net margin of 2.02%.The firm had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.28 EPS. Sell-side analysts predict that Aramark will post 1.92 EPS for the current year.

Aramark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, December 5th will be issued a $0.12 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Aramark’s previous quarterly dividend of $0.11. Aramark’s payout ratio is currently 39.34%.

About Aramark

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.