OP Asset Management Ltd Invests $880,000 in Aramark $ARMK

OP Asset Management Ltd acquired a new stake in shares of Aramark (NYSE:ARMK) in the first quarter, HoldingsChannel reports. The institutional investor acquired 21,704 shares of the company’s stock, valued at approximately $880,000.

A number of other large investors have also added to or reduced their stakes in ARMK. Outlook Wealth Advisors LLC bought a new stake in Aramark in the first quarter worth $680,000. Corient Private Wealth LLC increased its holdings in shares of Aramark by 16.0% during the fourth quarter. Corient Private Wealth LLC now owns 10,281 shares of the company’s stock valued at $379,000 after acquiring an additional 1,418 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Aramark by 413.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,807 shares of the company’s stock valued at $140,000 after acquiring an additional 3,065 shares in the last quarter. Compound Planning Inc. purchased a new position in shares of Aramark in the 4th quarter worth about $372,000. Finally, Invesco Ltd. boosted its stake in Aramark by 12.6% in the 4th quarter. Invesco Ltd. now owns 2,114,597 shares of the company’s stock worth $77,944,000 after purchasing an additional 236,226 shares in the last quarter.

Analysts Set New Price Targets

ARMK has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Aramark in a research report on Friday, March 27th. JPMorgan Chase & Co. upped their target price on shares of Aramark from $49.00 to $55.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $65.00 price target on shares of Aramark in a report on Monday. Stifel Nicolaus raised their price target on shares of Aramark from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, Citigroup upped their price objective on Aramark from $63.00 to $70.50 and gave the company a “buy” rating in a research report on Monday, June 22nd. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.29.

Aramark Price Performance

Shares of NYSE:ARMK opened at $56.21 on Tuesday. 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 has a market cap of $14.78 billion, a price-to-earnings ratio of 41.94, a price-to-earnings-growth ratio of 1.15 and a beta of 1.12. The business has a 50-day simple moving average of $50.88 and a two-hundred day simple moving average of $43.64. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $56.31.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The firm had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter last year, the firm posted $0.35 EPS. The business’s quarterly 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, analysts expect 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. Investors of record on Wednesday, May 20th were issued a $0.12 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.48 annualized dividend and a yield of 0.9%. Aramark’s dividend payout ratio (DPR) is currently 35.82%.

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.