Texas Permanent School Fund Corp Has $6.10 Million Stake in Aramark $ARMK

Texas Permanent School Fund Corp raised its position in Aramark (NYSE:ARMK) by 15.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 145,658 shares of the company’s stock after acquiring an additional 19,435 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.06% of Aramark worth $6,099,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Aramark in the 2nd quarter valued at about $135,218,000. Fiduciary Management Inc. WI lifted its position in shares of Aramark by 13.8% in the first quarter. Fiduciary Management Inc. WI now owns 13,037,630 shares of the company’s stock valued at $450,059,000 after buying an additional 1,582,890 shares during the last quarter. Soros Fund Management LLC bought a new position in shares of Aramark during the 2nd quarter worth approximately $64,902,000. Junto Capital Management LP acquired a new position in shares of Aramark during the 1st quarter worth approximately $46,499,000. Finally, Ilex Capital Partners UK LLP bought a new stake in Aramark in the 2nd quarter valued at $52,142,000.

Aramark Price Performance

Shares of Aramark stock opened at $37.65 on Wednesday. The company has a 50-day simple moving average of $38.15 and a two-hundred day simple moving average of $39.58. Aramark has a twelve month low of $29.92 and a twelve month high of $44.49. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 1.33 and a beta of 1.12. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

Aramark (NYSE:ARMK) last announced its earnings results on Monday, November 17th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.08). The business had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.16 billion. Aramark had a return on equity of 16.39% and a net margin of 1.76%.The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.28 EPS. Analysts forecast that Aramark will post 1.92 EPS for the current year.

Aramark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, December 5th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, December 5th. This is a positive change from Aramark’s previous quarterly dividend of $0.11. Aramark’s dividend payout ratio is currently 39.34%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aramark in a research report on Tuesday, October 14th. UBS Group restated a “buy” rating on shares of Aramark in a research note on Monday, December 1st. Robert W. Baird decreased their price target on shares of Aramark from $47.00 to $46.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Citigroup raised their price objective on shares of Aramark from $46.50 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Finally, Morgan Stanley reduced their price objective on Aramark from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.67.

Aramark Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.