The Manufacturers Life Insurance Company Invests $10.84 Million in Aramark $ARMK

The Manufacturers Life Insurance Company acquired a new position in shares of Aramark (NYSE:ARMK) in the second quarter, HoldingsChannel.com reports. The firm acquired 190,421 shares of the company’s stock, valued at approximately $10,835,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Aramark during the second quarter worth about $1,411,586,000. AQR Capital Management LLC lifted its position in Aramark by 163.1% in the 4th quarter. AQR Capital Management LLC now owns 8,860,010 shares of the company’s stock valued at $326,580,000 after purchasing an additional 5,492,046 shares during the last quarter. Milford Funds Ltd. acquired a new position in Aramark during the 4th quarter valued at about $181,204,000. Norges Bank bought a new position in Aramark in the 4th quarter worth about $128,738,000. Finally, Cooke & Bieler LP acquired a new stake in shares of Aramark in the fourth quarter valued at approximately $118,110,000.

Aramark Price Performance

Shares of Aramark stock opened at $58.06 on Friday. Aramark has a 52 week low of $35.07 and a 52 week high of $62.65. The company has a current ratio of 1.28, a quick ratio of 1.14 and a debt-to-equity ratio of 1.80. The company’s 50-day moving average price is $57.48 and its two-hundred day moving average price is $49.65. The stock has a market cap of $15.31 billion, a PE ratio of 40.60, a price-to-earnings-growth ratio of 1.02 and a beta of 1.12.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The company had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter in the previous year, the company posted $0.40 EPS. The business’s revenue was up 9.3% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, sell-side analysts anticipate that Aramark will post 2.27 EPS for the current fiscal year.

Aramark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Aramark’s payout ratio is presently 33.57%.

Analysts Set New Price Targets

ARMK has been the subject of several analyst reports. Weiss Ratings downgraded Aramark from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Bank of America lifted their target price on Aramark from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Robert W. Baird increased their price target on Aramark from $63.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. lifted their price objective on shares of Aramark from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Finally, Oppenheimer upped their price objective on shares of Aramark from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Twelve 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, Aramark presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.14.

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.