Engineers Gate Manager LP Sells 1,268,829 Shares of Aramark $ARMK

Engineers Gate Manager LP trimmed its holdings in Aramark (NYSE:ARMK) by 83.2% during the second quarter, Holdings Channel reports. The firm owned 256,290 shares of the company’s stock after selling 1,268,829 shares during the quarter. Engineers Gate Manager LP’s holdings in Aramark were worth $14,583,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Aramark during the 2nd quarter valued at $4,248,000. BlackRock Inc. acquired a new stake in Aramark in the second quarter worth $1,411,586,000. Entropy Technologies LP bought a new stake in Aramark in the first quarter valued at $2,552,000. Callan Family Office LLC bought a new stake in Aramark in the second quarter valued at $2,065,000. Finally, Corient Private Wealth LP acquired a new position in shares of Aramark during the second quarter valued at about $2,638,000.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $74.00 target price on shares of Aramark in a research note on Wednesday, August 12th. Oppenheimer increased their price target on Aramark from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. The Goldman Sachs Group reissued a “buy” rating and issued a $70.00 price objective on shares of Aramark in a research note on Wednesday, August 12th. Truist Financial boosted their price objective on Aramark from $58.00 to $70.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, Stifel Nicolaus increased their target price on Aramark from $54.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.14.

Aramark Trading Down 1.3%

ARMK opened at $56.86 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $62.65. The firm has a market capitalization of $14.99 billion, a PE ratio of 39.76, a P/E/G ratio of 1.01 and a beta of 1.12. The company’s 50-day moving average is $57.75 and its 200 day moving average is $50.67.

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

Aramark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 19th. Aramark’s dividend payout ratio (DPR) is currently 33.57%.

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.