Bank of New York Mellon Corp Boosts Position in Aramark $ARMK

Bank of New York Mellon Corp boosted its position in shares of Aramark (NYSE:ARMK) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,443,537 shares of the company’s stock after acquiring an additional 122,563 shares during the quarter. Bank of New York Mellon Corp’s holdings in Aramark were worth $90,069,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in Aramark by 761.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,519,899 shares of the company’s stock valued at $92,883,000 after acquiring an additional 2,227,275 shares during the last quarter. Bridges Investment Management Inc. purchased a new stake in shares of Aramark in the 4th quarter worth $943,000. Rothschild Wealth LLC purchased a new stake in shares of Aramark in the 4th quarter worth $287,000. Norges Bank purchased a new stake in shares of Aramark in the 4th quarter worth $128,738,000. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Aramark in the 4th quarter worth $4,104,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Royal Bank Of Canada upped their price target on Aramark from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Morgan Stanley upped their price target on Aramark from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. upped their price target on Aramark from $49.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Oppenheimer upped their price target on Aramark from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Finally, UBS Group upped their price target on Aramark from $48.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Aramark presently has an average rating of “Moderate Buy” and an average target price of $54.50.

Aramark Stock Performance

NYSE ARMK opened at $52.84 on Tuesday. The firm has a market cap of $13.89 billion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 1.10 and a beta of 1.12. The company has a quick ratio of 1.07, a current ratio of 1.21 and a debt-to-equity ratio of 1.85. The business has a 50-day moving average price of $47.37 and a 200-day moving average price of $41.86. Aramark has a twelve month low of $35.07 and a twelve month high of $54.57.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.75 billion. Aramark had a return on equity of 17.05% and a net margin of 1.84%.The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, equities research analysts predict that Aramark will post 2.24 EPS for the current fiscal year.

Aramark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. Aramark’s dividend payout ratio is 35.82%.

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.