South Dakota Investment Council Raises Position in Aramark $ARMK

South Dakota Investment Council increased its stake in shares of Aramark (NYSE:ARMK) by 178.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 174,855 shares of the company’s stock after acquiring an additional 112,005 shares during the quarter. South Dakota Investment Council’s holdings in Aramark were worth $7,089,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Activest Wealth Management purchased a new stake in shares of Aramark in the fourth quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Aramark in the 3rd quarter valued at about $28,000. Cedar Mountain Advisors LLC bought a new position in shares of Aramark during the 1st quarter worth approximately $32,000. Kestra Advisory Services LLC bought a new position in shares of Aramark in the fourth quarter valued at approximately $32,000. Finally, Quarry LP purchased a new stake in shares of Aramark during the third quarter valued at approximately $35,000.

Wall Street Analysts Forecast Growth

ARMK has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on Aramark from $58.00 to $70.00 and gave the company a “buy” rating in a research note on Monday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Aramark in a research report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Aramark in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $65.00 price objective on shares of Aramark in a report on Monday, June 29th. Finally, Bank of America lifted their target price on shares of Aramark from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.62.

Aramark Stock Up 0.3%

Shares of NYSE ARMK opened at $57.33 on Friday. 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 company has a market cap of $15.07 billion, a P/E ratio of 42.78, a P/E/G ratio of 1.09 and a beta of 1.11. Aramark has a 52 week low of $35.07 and a 52 week high of $58.68. The business has a 50-day simple moving average of $55.19 and a two-hundred day simple moving average of $46.75.

Aramark (NYSE:ARMK) last announced 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 firm had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.75 billion. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Research analysts anticipate that Aramark will post 2.24 earnings per share for the current fiscal year.

Aramark Announces Dividend

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

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.