Hsbc Holdings PLC Makes New $10.57 Million Investment in Aramark $ARMK

Hsbc Holdings PLC bought a new stake in Aramark (NYSE:ARMK) in the second quarter, HoldingsChannel reports. The institutional investor bought 186,080 shares of the company’s stock, valued at approximately $10,575,000.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Aramark during the 2nd quarter worth $1,411,586,000. AQR Capital Management LLC lifted its stake in shares of Aramark by 163.1% in the fourth 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 period. Milford Funds Ltd. purchased a new stake in Aramark during the fourth quarter worth about $181,204,000. Norges Bank purchased a new stake in Aramark during the fourth quarter worth about $128,738,000. Finally, Cooke & Bieler LP acquired a new position in Aramark during the fourth quarter worth about $118,110,000.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial increased their target price on shares of Aramark from $58.00 to $70.00 and gave the company a “buy” rating in a report on Monday, July 27th. JPMorgan Chase & Co. upped their price target on Aramark from $55.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Weiss Ratings downgraded Aramark from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $70.00 price objective on shares of Aramark in a report on Wednesday, August 12th. Finally, Robert W. Baird boosted their target price on Aramark from $63.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.14.

Aramark Stock Performance

Shares of ARMK opened at $58.06 on Friday. Aramark has a 12-month low of $35.07 and a 12-month high of $62.65. The stock has a market cap of $15.31 billion, a P/E ratio of 40.60, a PEG ratio of 1.03 and a beta of 1.12. 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 has a 50-day moving average of $57.48 and a two-hundred day moving average of $49.65.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, beating 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 business had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same period in the prior year, the business earned $0.40 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. 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 EPS for the current fiscal year.

Aramark Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Aramark’s dividend payout ratio is 33.57%.

Aramark 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.