Elo Mutual Pension Insurance Co Has $1.95 Million Stake in Aramark $ARMK

Elo Mutual Pension Insurance Co boosted its stake in shares of Aramark (NYSE:ARMK) by 53.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 50,799 shares of the company’s stock after buying an additional 17,716 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Aramark were worth $1,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ARMK. Artisan Partners Limited Partnership boosted its holdings in Aramark by 166.3% in the third quarter. Artisan Partners Limited Partnership now owns 1,131,501 shares of the company’s stock valued at $43,450,000 after acquiring an additional 706,677 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Aramark by 3.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 497,078 shares of the company’s stock worth $20,813,000 after purchasing an additional 16,180 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Aramark by 102.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,320,269 shares of the company’s stock valued at $50,700,000 after purchasing an additional 667,528 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of 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 buying an additional 33,507 shares during the period. Finally, ING Groep NV acquired a new stake in shares of Aramark during the third quarter worth $3,733,000.

Aramark Stock Up 0.6%

Shares of NYSE:ARMK opened at $41.10 on Thursday. 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 has a 52-week low of $29.92 and a 52-week high of $44.49. The business’s 50 day simple moving average is $39.15 and its two-hundred day simple moving average is $38.62. The firm has a market cap of $10.80 billion, a P/E ratio of 34.54, a PEG ratio of 0.99 and a beta of 1.06.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, February 10th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. Aramark had a return on equity of 16.15% and a net margin of 1.69%.The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. Aramark’s revenue for the quarter was up 6.1% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, research analysts forecast that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, February 18th. Aramark’s dividend payout ratio (DPR) is 40.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ARMK. Bank of America started coverage on shares of Aramark in a research report on Tuesday, February 17th. They set a “buy” rating and a $50.00 price target on the stock. UBS Group set a $47.00 target price on Aramark and gave the company a “buy” rating in a research report on Wednesday, February 11th. Robert W. Baird set a $50.00 target price on Aramark in a research note on Wednesday, February 11th. Citigroup boosted their price target on Aramark from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aramark in a research report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.38.

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.