Permian Investment Partners LP Invests $102.12 Million in Aramark $ARMK

Permian Investment Partners LP acquired a new stake in Aramark (NYSE:ARMK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,794,698 shares of the company’s stock, valued at approximately $102,118,316. Aramark comprises about 0.0% of Permian Investment Partners LP’s portfolio, making the stock its 5th largest position. Permian Investment Partners LP owned 0.68% of Aramark at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. PointState Capital LP bought a new position in Aramark during the 2nd quarter worth approximately $135,077,000. Bank of America Corp DE acquired a new position in Aramark during the second quarter worth approximately $137,742,000. Freestone Grove Partners LP bought a new position in shares of Aramark in the second quarter worth about $14,260,000. Man Group plc bought a new stake in Aramark during the 2nd quarter valued at $10,198,000. Finally, Jupiter Topco LLC bought a new position in shares of Aramark in the second quarter worth $1,041,407,000.

Aramark Trading Down 1.4%

Aramark stock traded down $0.82 during midday trading on Friday, reaching $58.06. The stock had a trading volume of 1,844,087 shares, compared to its average volume of 2,843,333. Aramark has a twelve month low of $35.07 and a twelve month high of $62.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14. The firm has a market cap of $15.31 billion, a price-to-earnings ratio of 40.60, a PEG ratio of 1.05 and a beta of 1.12. The firm’s fifty day simple moving average is $57.38 and its two-hundred day simple moving average is $49.59.

Aramark (NYSE:ARMK) last released its earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter in the prior year, the company earned $0.40 EPS. The company’s revenue was up 9.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities analysts anticipate that Aramark will post 2.27 EPS for the current fiscal year.

Aramark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Aramark’s dividend payout ratio (DPR) is 33.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. New Street Research set a $70.00 price objective on shares of Aramark in a report on Thursday, August 13th. JPMorgan Chase & Co. increased their price objective on Aramark from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. UBS Group increased their target price on shares of Aramark from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Oppenheimer boosted their target price on Aramark from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Finally, Jefferies Financial Group lifted their price objective on Aramark from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.14.

Aramark 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.