Strs Ohio Has $240,000 Position in Aramark $ARMK

Strs Ohio decreased its position in shares of Aramark (NYSE:ARMK) by 85.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,239 shares of the company’s stock after selling 37,621 shares during the period. Strs Ohio’s holdings in Aramark were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Osterweis Capital Management Inc. bought a new stake in shares of Aramark during the 2nd quarter worth $40,000. Bayforest Capital Ltd bought a new position in shares of Aramark in the second quarter worth about $51,000. Hantz Financial Services Inc. boosted its stake in shares of Aramark by 1,323.1% in the 2nd 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. Bessemer Group Inc. grew its holdings in shares of Aramark by 56.6% during the 2nd quarter. Bessemer Group Inc. now owns 2,209 shares of the company’s stock valued at $92,000 after purchasing an additional 798 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Aramark during the 2nd quarter worth approximately $119,000.

Aramark Price Performance

Shares of ARMK opened at $38.32 on Tuesday. The firm has a market cap of $10.07 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 1.28 and a beta of 1.09. Aramark has a 52-week low of $29.92 and a 52-week 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 business’s 50 day moving average price is $38.01 and its two-hundred day moving average price is $38.84.

Aramark (NYSE:ARMK) last released its 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). Aramark had a net margin of 1.76% and a return on equity of 16.39%. The company had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. The firm’s revenue was up 14.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.28 EPS. On average, equities analysts anticipate that Aramark will post 1.92 EPS for the current year.

Aramark Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ARMK shares. Citigroup boosted their target price on shares of Aramark from $46.50 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. UBS Group restated a “buy” rating on shares of Aramark in a research report on Tuesday, January 6th. Stifel Nicolaus set a $44.00 target price on Aramark in a report on Monday, November 17th. Robert W. Baird decreased their price target on Aramark from $47.00 to $46.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. Finally, Morgan Stanley lifted their price objective on Aramark from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.