Permanent Capital Management LP Decreases Stake in Aramark $ARMK

Permanent Capital Management LP cut its position in Aramark (NYSE:ARMK) by 75.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,655 shares of the company’s stock after selling 20,996 shares during the period. Permanent Capital Management LP’s holdings in Aramark were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Artisan Partners Limited Partnership raised its stake 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 buying an additional 706,677 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Aramark by 102.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,320,269 shares of the company’s stock worth $50,700,000 after acquiring an additional 667,528 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Aramark by 73.5% in the 3rd quarter. Fisher Asset Management LLC now owns 1,468,699 shares of the company’s stock valued at $56,398,000 after acquiring an additional 622,430 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Aramark by 525.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 39,884 shares of the company’s stock worth $1,531,000 after acquiring an additional 33,507 shares in the last quarter. Finally, ING Groep NV acquired a new stake in shares of Aramark during the 3rd quarter worth about $3,733,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ARMK. Citigroup upped their price target on Aramark from $49.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Morgan Stanley set a $45.00 price objective on shares of Aramark in a research report on Tuesday, February 10th. UBS Group set a $47.00 target price on shares of Aramark and gave the company a “buy” rating in a report on Wednesday, February 11th. Robert W. Baird set a $50.00 price target on shares of Aramark in a research note on Wednesday, February 11th. Finally, Stifel Nicolaus boosted their price target on shares of Aramark from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Aramark has an average rating of “Moderate Buy” and a consensus price target of $48.38.

Aramark Trading Down 0.6%

ARMK opened at $38.91 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.27 and a debt-to-equity ratio of 1.94. Aramark has a 52 week low of $29.92 and a 52 week high of $44.49. The business’s 50 day moving average is $39.71 and its two-hundred day moving average is $38.67. The firm has a market cap of $10.23 billion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 0.95 and a beta of 1.06.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The business had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.76 billion. Aramark had a return on equity of 16.15% and a net margin of 1.69%.The company’s revenue was up 6.1% compared to the same quarter last year. During the same period 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 predict that Aramark will post 1.92 EPS for the current year.

Aramark Announces Dividend

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

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.