Public Employees Retirement Association of Colorado Sells 248,700 Shares of Aramark $ARMK

Public Employees Retirement Association of Colorado decreased its stake in shares of Aramark (NYSE:ARMK) by 27.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 670,051 shares of the company’s stock after selling 248,700 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Aramark were worth $24,698,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Aramark by 102.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,320,269 shares of the company’s stock worth $50,700,000 after purchasing an additional 667,528 shares during the period. Artisan Partners Limited Partnership increased its holdings in shares of Aramark by 166.3% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,131,501 shares of the company’s stock worth $43,450,000 after purchasing an additional 706,677 shares during the period. Junto Capital Management LP bought a new position in shares of Aramark during the 3rd quarter worth about $132,157,000. Fisher Asset Management LLC increased its holdings in shares of Aramark by 73.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,468,699 shares of the company’s stock worth $56,398,000 after purchasing an additional 622,430 shares during the period. Finally, Capital International Investors increased its holdings in shares of Aramark by 2.4% during the 3rd 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.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Aramark from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $54.00 price objective on shares of Aramark in a report on Wednesday, May 13th. Oppenheimer lifted their target price on shares of Aramark from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Aramark from $49.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Aramark in a research report on Friday, March 27th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.33.

Aramark Price Performance

Shares of Aramark stock opened at $54.28 on Monday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.07 and a current ratio of 1.21. The firm’s 50-day simple moving average is $48.44 and its 200-day simple moving average is $42.33. Aramark has a twelve month low of $35.07 and a twelve month high of $54.93. The firm has a market cap of $14.27 billion, a P/E ratio of 40.51, a price-to-earnings-growth ratio of 1.12 and a beta of 1.12.

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

Aramark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were given a $0.12 dividend. 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 payout ratio is 35.82%.

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.