Bank of New York Mellon Corp Grows Stake in Aramark $ARMK

Bank of New York Mellon Corp raised its holdings in Aramark (NYSE:ARMK) by 4.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 2,558,199 shares of the company’s stock after buying an additional 114,662 shares during the quarter. Bank of New York Mellon Corp’s holdings in Aramark were worth $103,709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Oak Thistle LLC raised its position in shares of Aramark by 428.2% in the 4th quarter. Oak Thistle LLC now owns 56,069 shares of the company’s stock worth $2,067,000 after purchasing an additional 45,453 shares during the last quarter. CWM LLC grew its position in 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 increased its stake in Aramark by 1,642.8% during the 4th quarter. SG Americas Securities LLC now owns 91,254 shares of the company’s stock valued at $3,364,000 after purchasing an additional 86,018 shares in the last quarter. UBS Group AG raised its holdings in Aramark by 47.5% in the fourth quarter. UBS Group AG now owns 2,002,903 shares of the company’s stock worth $73,827,000 after buying an additional 644,731 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Aramark by 160.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 103,883 shares of the company’s stock worth $4,020,000 after buying an additional 63,999 shares in the last quarter.

Aramark Trading Down 0.4%

Shares of ARMK opened at $56.52 on Tuesday. The firm has a market cap of $14.86 billion, a P/E ratio of 42.18, a price-to-earnings-growth ratio of 1.08 and a beta of 1.11. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.21 and a quick ratio of 1.07. Aramark has a 1 year low of $35.07 and a 1 year high of $58.68. The company has a 50 day simple moving average of $54.31 and a two-hundred day simple moving average of $45.67.

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

Aramark Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently commented on ARMK. Weiss Ratings reiterated a “hold (c+)” rating on shares of Aramark in a report on Wednesday, July 8th. Truist Financial upped their price objective on Aramark from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Robert W. Baird lifted their target price on Aramark from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Bank of America boosted their price target on Aramark from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $51.00 price target on shares of Aramark in a report on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.