Ieq Capital LLC Acquires Shares of 370,351 Aramark $ARMK

Ieq Capital LLC acquired a new stake in shares of Aramark (NYSE:ARMK) during the second quarter, Holdings Channel.com reports. The fund acquired 370,351 shares of the company’s stock, valued at approximately $21,073,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elevation Wealth Partners LLC grew its holdings in Aramark by 2,842.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock valued at $35,000 after purchasing an additional 597 shares in the last quarter. Activest Wealth Management acquired a new position in Aramark in the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Aramark in the 3rd quarter valued at about $28,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Aramark during the first quarter valued at about $32,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Aramark during the second quarter worth about $46,000.

Aramark Stock Performance

Shares of ARMK stock opened at $59.71 on Friday. Aramark has a 12-month low of $35.07 and a 12-month high of $62.65. The firm has a market capitalization of $15.74 billion, a price-to-earnings ratio of 41.76, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12. The business has a 50 day simple moving average of $56.95 and a 200 day simple moving average of $48.93. 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 (NYSE:ARMK) last announced its earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $5.06 billion for 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 firm’s revenue for the quarter 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. On average, equities research analysts anticipate that Aramark will post 2.27 EPS for the current year.

Aramark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be given a $0.12 dividend. 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 currently 33.57%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ARMK. JPMorgan Chase & Co. increased their price target on Aramark from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Truist Financial lifted their price target on shares of Aramark from $58.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Royal Bank Of Canada increased their price objective on shares of Aramark from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday. Morgan Stanley set a $63.00 price objective on Aramark in a research note on Tuesday, August 11th. Finally, Oppenheimer increased their target price on shares of Aramark from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.14.

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.