M&T Bank Corp Grows Stake in Aramark $ARMK

M&T Bank Corp increased its position in shares of Aramark (NYSE:ARMK) by 225.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,978 shares of the company’s stock after acquiring an additional 11,764 shares during the period. M&T Bank Corp’s holdings in Aramark were worth $626,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Artisan Partners Limited Partnership raised its holdings in Aramark by 166.3% during the third quarter. Artisan Partners Limited Partnership now owns 1,131,501 shares of the company’s stock worth $43,450,000 after purchasing an additional 706,677 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Aramark by 102.3% during the third quarter. JPMorgan Chase & Co. now owns 1,320,269 shares of the company’s stock worth $50,700,000 after purchasing an additional 667,528 shares in the last quarter. Junto Capital Management LP bought a new stake in Aramark during the third quarter worth approximately $132,157,000. Fisher Asset Management LLC raised its holdings in Aramark by 73.5% during the third quarter. Fisher Asset Management LLC now owns 1,468,699 shares of the company’s stock worth $56,398,000 after purchasing an additional 622,430 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Aramark by 525.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 39,884 shares of the company’s stock worth $1,531,000 after purchasing an additional 33,507 shares in the last quarter.

Analysts Set New Price Targets

ARMK has been the topic of several recent analyst reports. Truist Financial boosted their target price on Aramark from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Oppenheimer boosted their target price on Aramark from $43.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, March 25th. Stifel Nicolaus boosted their target price on Aramark from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Morgan Stanley set a $45.00 target price on Aramark in a report on Tuesday, February 10th. Finally, UBS Group boosted their target price on Aramark from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Aramark currently has a consensus rating of “Moderate Buy” and an average price target of $48.67.

Aramark Price Performance

NYSE ARMK opened at $44.95 on Friday. The stock has a market capitalization of $11.82 billion, a P/E ratio of 37.77, a P/E/G ratio of 1.11 and a beta of 1.08. Aramark has a 1 year low of $33.10 and a 1 year high of $46.88. The business’s fifty day moving average is $42.14 and its two-hundred day moving average is $39.66. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.13 and a current ratio of 1.27.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.76 billion. Aramark had a return on equity of 16.15% and a net margin of 1.69%.The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, research analysts forecast that Aramark will post 2.22 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $0.48 annualized dividend and a dividend yield of 1.1%. Aramark’s dividend payout ratio is currently 40.34%.

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.