Permanent Capital Management LP Acquires Shares of 27,651 Aramark $ARMK

Permanent Capital Management LP bought a new stake in Aramark (NYSE:ARMK) during the 3rd quarter, Holdings Channel reports. The firm bought 27,651 shares of the company’s stock, valued at approximately $1,062,000.

Several other large investors have also modified their holdings of ARMK. Norges Bank acquired a new stake in shares of Aramark during the second quarter worth $135,218,000. Soros Fund Management LLC acquired a new stake in shares of Aramark in the 2nd quarter worth $64,902,000. Ilex Capital Partners UK LLP purchased a new stake in shares of Aramark in the second quarter valued at about $52,142,000. Sunriver Management LLC acquired a new position in shares of Aramark during the second quarter worth about $51,865,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in Aramark by 6.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 18,673,028 shares of the company’s stock worth $781,840,000 after purchasing an additional 1,067,132 shares in the last quarter.

Aramark Stock Down 0.8%

Shares of ARMK opened at $37.42 on Monday. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49. The company’s fifty day moving average is $37.92 and its two-hundred day moving average is $39.46. The firm has a market cap of $9.84 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 1.32 and a beta of 1.12. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

Aramark (NYSE:ARMK) last issued its earnings results on Monday, November 17th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.08). Aramark had a return on equity of 16.39% and a net margin of 1.76%.The firm had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same period last year, the business posted $0.54 earnings per share. The company’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. Analysts forecast that Aramark will post 1.92 earnings per share for the current year.

Aramark Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ARMK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aramark in a report on Monday, December 22nd. Morgan Stanley lifted their price target on Aramark from $43.00 to $44.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. UBS Group reaffirmed a “buy” rating on shares of Aramark in a report on Monday, December 1st. Stifel Nicolaus set a $44.00 target price on Aramark in a report on Monday, November 17th. Finally, Citigroup increased their price target on shares of Aramark from $46.50 to $49.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Aramark presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.83.

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.