Havemeyer Place LP Takes Position in Aramark $ARMK

Havemeyer Place LP bought a new stake in Aramark (NYSE:ARMK) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 22,255 shares of the company’s stock, valued at approximately $820,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors increased its position in Aramark by 2.4% in the third quarter. Capital International Investors now owns 24,646,909 shares of the company’s stock worth $946,455,000 after purchasing an additional 580,215 shares during the period. Geode Capital Management LLC increased its position in Aramark by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 4,677,911 shares of the company’s stock worth $172,464,000 after purchasing an additional 56,404 shares during the period. Norges Bank acquired a new stake in Aramark in the fourth quarter worth about $128,738,000. Junto Capital Management LP acquired a new stake in Aramark in the third quarter worth about $132,157,000. Finally, AQR Capital Management LLC increased its position in Aramark by 281.1% in the third quarter. AQR Capital Management LLC now owns 3,367,964 shares of the company’s stock worth $129,296,000 after purchasing an additional 2,484,319 shares during the period.

Aramark Price Performance

Shares of ARMK opened at $52.84 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85. Aramark has a 1 year low of $35.07 and a 1 year high of $54.57. The stock has a market cap of $13.89 billion, a P/E ratio of 39.43, a price-to-earnings-growth ratio of 1.10 and a beta of 1.12. The stock’s 50-day moving average price is $47.37 and its two-hundred day moving average price is $41.86.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Aramark had a return on equity of 17.05% and a net margin of 1.84%.The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.75 billion. During the same quarter last year, the business earned $0.35 earnings per share. The company’s revenue was up 14.7% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities analysts predict that Aramark will post 2.24 earnings per share for the current year.

Aramark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, May 20th. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. Aramark’s dividend payout ratio (DPR) is 35.82%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Bank of America lifted their price objective on Aramark from $59.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. UBS Group lifted their price objective on Aramark from $48.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Stifel Nicolaus lifted their price objective on Aramark from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada lifted their price objective on Aramark from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, Citigroup reiterated a “buy” rating on shares of Aramark in a research report on Monday, May 18th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Aramark presently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

About Aramark

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.