Rep. William R. Keating Purchases Shares of Aramark (NYSE:ARMK)

Representative William R. Keating (D-Massachusetts) recently bought shares of Aramark (NYSE:ARMK). In a filing disclosed on February 25th, the Representative disclosed that they had bought between $1,001 and $15,000 in Aramark stock on February 5th. The trade occurred in the Representative’s “BILL’S IRA” account.

Representative William R. Keating also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 2/5/2025.
• Purchased $1,001 – $15,000 in shares of Accenture (NYSE:ACN) on 2/5/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 2/5/2025.
• Purchased $1,001 – $15,000 in shares of KLA (NASDAQ:KLAC) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Lam Research (NASDAQ:LRCX) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of CoStar Group (NASDAQ:CSGP) on 1/21/2025.
• Sold $1,001 – $15,000 in shares of Airbnb (NASDAQ:ABNB) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Fiserv (NYSE:FI) on 1/7/2025.

Aramark Stock Down 0.4 %

Shares of ARMK stock opened at $36.72 on Thursday. Aramark has a 12 month low of $29.82 and a 12 month high of $42.49. The firm has a market cap of $9.73 billion, a PE ratio of 28.91 and a beta of 1.64. The stock has a 50 day moving average of $37.84 and a 200-day moving average of $38.10. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 1.61.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same period in the previous year, the company earned $0.41 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts predict that Aramark will post 1.92 EPS for the current year.

Aramark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 10th were issued a $0.105 dividend. This is a positive change from Aramark’s previous quarterly dividend of $0.00. This represents a $0.42 annualized dividend and a yield of 1.14%. The ex-dividend date was Monday, February 10th. Aramark’s payout ratio is 33.07%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $47.00 price objective on shares of Aramark in a research report on Thursday, February 6th. Stifel Nicolaus boosted their price objective on Aramark from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Citigroup assumed coverage on Aramark in a research report on Monday. They set a “buy” rating and a $48.00 price objective on the stock. StockNews.com cut Aramark from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Aramark from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Aramark has an average rating of “Moderate Buy” and an average target price of $43.42.

Institutional Trading of Aramark

Large investors have recently made changes to their positions in the business. Huntington National Bank grew its holdings in shares of Aramark by 100.3% during the third quarter. Huntington National Bank now owns 681 shares of the company’s stock worth $26,000 after purchasing an additional 341 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Aramark during the third quarter worth $28,000. Bessemer Group Inc. grew its holdings in shares of Aramark by 93.0% during the fourth quarter. Bessemer Group Inc. now owns 770 shares of the company’s stock worth $29,000 after purchasing an additional 371 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Aramark by 45.7% during the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company’s stock worth $37,000 after purchasing an additional 310 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Aramark by 75.2% during the fourth quarter. UMB Bank n.a. now owns 1,354 shares of the company’s stock worth $51,000 after purchasing an additional 581 shares during the last quarter.

About Representative Keating

Bill Keating (Democratic Party) is a member of the U.S. House, representing Massachusetts’ 9th Congressional District. He assumed office on January 3, 2013. His current term ends on January 3, 2027.

Keating (Democratic Party) is running for re-election to the U.S. House to represent Massachusetts’ 9th Congressional District. He declared candidacy for the 2026 election.

After earning his bachelor’s degree, Keating went into politics as a 23-year-old representative in the Massachusetts House of Representatives. He served in that chamber for seven years and went on to be elected to the Massachusetts Senate. Keating also earned his master’s degree and J.D., passing the Massachusetts bar. In the decade between serving in the state senate and being elected to the U.S. House, Keating worked as the Norfolk district attorney.

Aramark Company Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.