Rep. William R. Keating Purchases Shares of Aramark (NYSE:ARMK)

Representative William R. Keating (D-Massachusetts) recently bought shares of Aramark NYSE: ARMK. In a filing disclosed on February 25th, the Representative disclosed that they had bought between $1,001 and $15,000 in Aramark stock on February 5th. The trade occurred in the Representative's "BILL'S IRA" account.

Representative William R. Keating also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 2/5/2025.
• Purchased $1,001 - $15,000 in shares of Accenture NYSE: ACN on 2/5/2025.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 2/5/2025.
• Purchased $1,001 - $15,000 in shares of KLA NASDAQ: KLAC on 1/24/2025.
• Sold $1,001 - $15,000 in shares of Lam Research NASDAQ: LRCX on 1/24/2025.
• Purchased $1,001 - $15,000 in shares of CoStar Group NASDAQ: CSGP on 1/21/2025.
• Sold $1,001 - $15,000 in shares of Airbnb NASDAQ: ABNB on 1/7/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 1/7/2025.
• Purchased $1,001 - $15,000 in shares of Fiserv NYSE: FI on 1/7/2025.

Aramark Price Performance

NYSE:ARMK traded up $0.58 during trading hours on Friday, hitting $37.04. The company's stock had a trading volume of 1,624,511 shares, compared to its average volume of 2,081,713. Aramark has a twelve month low of $29.82 and a twelve month high of $42.49. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.94 and a quick ratio of 0.84. The stock has a fifty day simple moving average of $37.79 and a 200-day simple moving average of $38.11. The company has a market capitalization of $9.82 billion, a P/E ratio of 29.16 and a beta of 1.64.

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Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.61 billion. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS. On average, analysts anticipate that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 10th were issued a dividend of $0.105 per share. The ex-dividend date was Monday, February 10th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.13%. This is a boost from Aramark's previous quarterly dividend of $0.00. Aramark's payout ratio is 33.07%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ARMK shares. Citigroup began coverage on shares of Aramark in a report on Monday, February 24th. They set a "buy" rating and a $48.00 price target for the company. Morgan Stanley boosted their target price on shares of Aramark from $40.00 to $43.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on Aramark from $41.00 to $45.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Stifel Nicolaus boosted their price objective on Aramark from $43.00 to $45.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Finally, Robert W. Baird raised their price target on shares of Aramark from $44.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.42.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ARMK. CIBC Asset Management Inc boosted its stake in Aramark by 3.6% during the third quarter. CIBC Asset Management Inc now owns 7,621 shares of the company's stock valued at $295,000 after buying an additional 265 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Aramark by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,654 shares of the company's stock valued at $2,002,000 after buying an additional 276 shares during the period. Jones Financial Companies Lllp increased its stake in Aramark by 45.7% in the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock worth $37,000 after purchasing an additional 310 shares during the period. Huntington National Bank raised its holdings in Aramark by 100.3% during the 3rd quarter. Huntington National Bank now owns 681 shares of the company's stock valued at $26,000 after buying an additional 341 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Aramark by 93.0% during the fourth quarter. Bessemer Group Inc. now owns 770 shares of the company's stock worth $29,000 after purchasing an additional 371 shares during the period.

About Representative Keating

Bill Keating (Democratic Party) is a member of the U.S. House, representing Massachusetts' 9th Congressional District. He assumed office on January 3, 2013. His current term ends on January 3, 2027. Keating (Democratic Party) is running for re-election to the U.S. House to represent Massachusetts' 9th Congressional District. He declared candidacy for the 2026 election. After earning his bachelor's degree, Keating went into politics as a 23-year-old representative in the Massachusetts House of Representatives. He served in that chamber for seven years and went on to be elected to the Massachusetts Senate. Keating also earned his master's degree and J.D., passing the Massachusetts bar. In the decade between serving in the state senate and being elected to the U.S. House, Keating worked as the Norfolk district attorney.

Aramark Company Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.