Bleakley Financial Group LLC Acquires New Position in Aramark $ARMK

Bleakley Financial Group LLC bought a new position in Aramark (NYSE:ARMK) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,162 shares of the company’s stock, valued at approximately $412,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ARMK. JPMorgan Chase & Co. lifted its holdings 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 worth $50,700,000 after acquiring an additional 667,528 shares during the last quarter. Oak Thistle LLC boosted its stake in shares of Aramark by 428.2% in the 4th quarter. Oak Thistle LLC now owns 56,069 shares of the company’s stock valued at $2,067,000 after purchasing an additional 45,453 shares in the last quarter. CWM LLC grew its holdings in shares of Aramark by 236.6% during the 4th quarter. CWM LLC now owns 199,751 shares of the company’s stock valued at $7,363,000 after purchasing an additional 140,401 shares during the last quarter. SG Americas Securities LLC raised its position in Aramark by 1,642.8% in the 4th quarter. SG Americas Securities LLC now owns 91,254 shares of the company’s stock worth $3,364,000 after purchasing an additional 86,018 shares during the period. Finally, UBS Group AG raised its position in Aramark by 47.5% in the 4th quarter. UBS Group AG now owns 2,002,903 shares of the company’s stock worth $73,827,000 after purchasing an additional 644,731 shares during the period.

Aramark Trading Down 0.6%

Shares of ARMK opened at $56.67 on Friday. Aramark has a 1-year low of $35.07 and a 1-year high of $58.68. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85. The firm’s 50-day moving average price is $54.07 and its 200-day moving average price is $45.48. The firm has a market capitalization of $14.90 billion, a price-to-earnings ratio of 42.29, a PEG ratio of 1.08 and a beta of 1.11.

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

Aramark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, May 20th. Aramark’s dividend payout ratio (DPR) is presently 35.82%.

Wall Street Analysts Forecast Growth

ARMK has been the topic of a number of recent research reports. Oppenheimer raised their price objective on Aramark from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Stifel Nicolaus increased their target price on Aramark from $47.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $51.00 price target on shares of Aramark in a research note on Wednesday, May 13th. Robert W. Baird boosted their price objective on Aramark from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Truist Financial increased their price objective on Aramark from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Aramark presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.21.

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.