Aramark $ARMK Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in Aramark (NYSE:ARMK) by 102.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,320,269 shares of the company’s stock after purchasing an additional 667,528 shares during the quarter. JPMorgan Chase & Co.’s holdings in Aramark were worth $50,700,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ARMK. Caitong International Asset Management Co. Ltd acquired a new stake in Aramark in the third quarter worth about $28,000. Quarry LP acquired a new position in Aramark during the 3rd quarter valued at about $35,000. Osterweis Capital Management Inc. bought a new stake in shares of Aramark during the 2nd quarter worth about $40,000. CIBC Private Wealth Group LLC lifted its stake in shares of Aramark by 8,753.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,328 shares of the company’s stock worth $51,000 after acquiring an additional 1,313 shares during the period. Finally, Clearstead Advisors LLC lifted its stake in shares of Aramark by 241.8% in the 3rd quarter. Clearstead Advisors LLC now owns 1,545 shares of the company’s stock worth $59,000 after acquiring an additional 1,093 shares during the period.

Aramark Price Performance

Aramark stock opened at $38.91 on Friday. The business’s fifty day moving average is $39.71 and its two-hundred day moving average is $38.67. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.13 and a current ratio of 1.27. The firm has a market cap of $10.23 billion, a P/E ratio of 32.69, a P/E/G ratio of 0.95 and a beta of 1.06. Aramark has a 52 week low of $29.92 and a 52 week high of $44.49.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.76 billion. Aramark had a return on equity of 16.15% and a net margin of 1.69%.The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities research analysts forecast that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. Aramark’s payout ratio is currently 40.34%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. UBS Group set a $47.00 price objective on shares of Aramark and gave the company a “buy” rating in a research note on Wednesday, February 11th. Morgan Stanley set a $45.00 price target on Aramark in a research note on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Aramark in a research report on Monday, December 29th. Truist Financial boosted their price objective on Aramark from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Finally, Stifel Nicolaus raised their target price on Aramark from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.38.

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.