Aramark $ARMK Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its position in shares of Aramark (NYSE:ARMK) by 21.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 90,886 shares of the company’s stock after selling 24,583 shares during the period. Voya Investment Management LLC’s holdings in Aramark were worth $3,490,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Osterweis Capital Management Inc. acquired a new stake in Aramark in the second quarter valued at $40,000. Parallel Advisors LLC increased its holdings in shares of Aramark by 160.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,100 shares of the company’s stock valued at $46,000 after acquiring an additional 678 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Aramark by 241.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,116 shares of the company’s stock worth $47,000 after acquiring an additional 789 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in Aramark during the second quarter worth approximately $51,000. Finally, Hantz Financial Services Inc. boosted its holdings in Aramark by 1,323.1% in the second quarter. Hantz Financial Services Inc. now owns 1,295 shares of the company’s stock valued at $54,000 after purchasing an additional 1,204 shares in the last quarter.

Aramark Trading Down 0.8%

NYSE ARMK opened at $37.42 on Friday. The firm’s fifty day moving average is $37.92 and its two-hundred day moving average is $39.47. Aramark has a one year low of $29.92 and a one year high of $44.49. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.88 and a current ratio of 0.99. The firm has a market cap of $9.84 billion, a PE ratio of 30.67, a P/E/G ratio of 1.33 and a beta of 1.12.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Monday, November 17th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.08). The company had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.16 billion. Aramark had a return on equity of 16.39% and a net margin of 1.76%.The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 EPS. Aramark has set its FY 2026 guidance at 2.180-2.28 EPS. Analysts expect that Aramark will post 1.92 earnings per share for the current year.

Aramark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, December 5th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, December 5th. This is an increase from Aramark’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%. Aramark’s dividend payout ratio is presently 39.34%.

Analysts Set New Price Targets

ARMK has been the subject of several recent analyst reports. Stifel Nicolaus set a $44.00 price objective on shares of Aramark in a research report on Monday, November 17th. Morgan Stanley boosted their price target on shares of Aramark from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Weiss Ratings restated a “hold (c)” rating on shares of Aramark in a research note on Monday. Robert W. Baird cut their target price on Aramark from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 18th. Finally, Citigroup upped their target price on Aramark from $46.50 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Aramark presently has an average rating of “Moderate Buy” and an average price target of $45.83.

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.