Fifth Third Bancorp Raises Stock Position in Aramark $ARMK

Fifth Third Bancorp increased its stake in Aramark (NYSE:ARMK) by 2,157.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 64,821 shares of the company’s stock after acquiring an additional 61,950 shares during the period. Fifth Third Bancorp’s holdings in Aramark were worth $2,628,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Activest Wealth Management bought a new position in shares of Aramark in the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Aramark in the third quarter worth about $28,000. Cedar Mountain Advisors LLC bought a new position in shares of Aramark during the first quarter valued at approximately $32,000. Kestra Advisory Services LLC purchased a new position in shares of Aramark during the fourth quarter valued at approximately $32,000. Finally, Quarry LP purchased a new position in Aramark during the third quarter valued at $35,000.

Aramark Trading Down 0.4%

Aramark stock opened at $56.52 on Tuesday. Aramark has a 52-week low of $35.07 and a 52-week high of $58.68. The company has a market cap of $14.86 billion, a P/E ratio of 42.18, a P/E/G ratio of 1.08 and a beta of 1.11. 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 simple moving average of $54.31 and a two-hundred day simple moving average of $45.67.

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

Aramark Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ARMK shares. Oppenheimer upped their price target on shares of Aramark from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. The Goldman Sachs Group reiterated a “buy” rating and set a $51.00 price target on shares of Aramark in a report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Aramark in a research report on Wednesday, July 8th. Stifel Nicolaus increased their target price on Aramark from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. lifted their target price on Aramark from $49.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.