Moody National Bank Trust Division Takes Position in Aramark $ARMK

Moody National Bank Trust Division bought a new position in Aramark (NYSE:ARMK) during the second quarter, Holdings Channel reports. The firm bought 17,274 shares of the company’s stock, valued at approximately $983,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARMK. Goldman Sachs Group Inc. lifted its holdings in Aramark by 38.2% in the first quarter. Goldman Sachs Group Inc. now owns 489,646 shares of the company’s stock valued at $16,903,000 after acquiring an additional 135,224 shares during the period. Creative Planning grew its stake in shares of Aramark by 36.0% during the 2nd quarter. Creative Planning now owns 9,918 shares of the company’s stock worth $415,000 after purchasing an additional 2,625 shares during the period. Cetera Investment Advisers increased its holdings in shares of Aramark by 7.4% during the 2nd quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock valued at $347,000 after purchasing an additional 573 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Aramark during the 2nd quarter valued at approximately $640,000. Finally, Cerity Partners LLC lifted its stake in shares of Aramark by 61.5% in the 2nd quarter. Cerity Partners LLC now owns 16,097 shares of the company’s stock valued at $674,000 after purchasing an additional 6,127 shares during the period.

Aramark Price Performance

Aramark stock opened at $56.84 on Thursday. The stock has a market capitalization of $14.95 billion, a P/E ratio of 42.42, a P/E/G ratio of 1.07 and a beta of 1.12. The company’s fifty day moving average price is $55.56 and its 200 day moving average price is $47.26. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.07 and a current ratio of 1.21. Aramark has a 1 year low of $35.07 and a 1 year high of $58.68.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $4.91 billion during 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 firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, equities research analysts anticipate that Aramark will post 2.24 earnings per share for the current fiscal year.

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Aramark’s dividend payout ratio is 35.82%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Aramark in a research report on Wednesday, July 8th. UBS Group reiterated a “buy” rating and issued a $67.00 price objective on shares of Aramark in a research report on Monday, July 13th. Citigroup increased their target price on shares of Aramark from $63.00 to $70.50 and gave the stock a “buy” rating in a research note on Monday, June 22nd. The Goldman Sachs Group restated a “buy” rating and set a $51.00 target price on shares of Aramark in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada lifted their price target on Aramark from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.62.

About Aramark

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.