Aramark $ARMK Shares Purchased by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. raised its stake in Aramark (NYSE:ARMK) by 186.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,151 shares of the company’s stock after acquiring an additional 31,351 shares during the period. Levin Capital Strategies L.P.’s holdings in Aramark were worth $1,849,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. CenterBook Partners LP acquired a new position in Aramark during the 3rd quarter valued at approximately $3,198,000. Heartland Advisors Inc. lifted its stake in Aramark by 138.5% in the third quarter. Heartland Advisors Inc. now owns 257,992 shares of the company’s stock valued at $9,907,000 after buying an additional 149,841 shares during the last quarter. Rothschild Investment LLC boosted its holdings in shares of Aramark by 3,892.3% during the third quarter. Rothschild Investment LLC now owns 1,557 shares of the company’s stock valued at $60,000 after acquiring an additional 1,518 shares during the period. JPMorgan Chase & Co. grew its position in shares of Aramark by 102.3% during the third quarter. JPMorgan Chase & Co. now owns 1,320,269 shares of the company’s stock worth $50,700,000 after acquiring an additional 667,528 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Aramark by 1.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 84,451 shares of the company’s stock worth $3,243,000 after acquiring an additional 1,105 shares during the period.

Aramark Stock Performance

Shares of NYSE ARMK opened at $40.14 on Thursday. Aramark has a 1 year low of $29.92 and a 1 year high of $44.49. The firm has a market cap of $10.55 billion, a P/E ratio of 33.73, a PEG ratio of 1.08 and a beta of 1.09. The stock has a fifty day moving average price of $38.49 and a two-hundred day moving average price of $38.53. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.13 and a current ratio of 1.27.

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

Aramark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, February 18th. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. Aramark’s dividend payout ratio (DPR) is 40.34%.

Wall Street Analyst Weigh In

Several research firms have commented on ARMK. Morgan Stanley set a $45.00 target price on shares of Aramark in a research report on Tuesday, February 10th. UBS Group set a $47.00 price objective on Aramark and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Bank of America started coverage on Aramark in a research report on Tuesday. They issued a “buy” rating and a $50.00 target price on the stock. Citigroup boosted their price target on Aramark from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Finally, Stifel Nicolaus raised their price target on Aramark from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.38.

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.