Rep. William R. Keating Buys Aramark (NYSE:ARMK) Stock

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

Shares of Aramark stock opened at $36.72 on Thursday. Aramark has a twelve month low of $29.82 and a twelve month high of $42.49. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. The company has a 50-day simple moving average of $37.84 and a two-hundred day simple moving average of $38.10. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 28.91 and a beta of 1.64.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The business had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.61 billion. During the same quarter in the previous year, the company earned $0.41 EPS. The business’s revenue was up 3.3% on a year-over-year basis. Analysts forecast that Aramark will post 1.92 EPS for the current year.

Aramark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 10th were paid a $0.105 dividend. This is a boost from Aramark’s previous quarterly dividend of $0.00. The ex-dividend date was Monday, February 10th. This represents a $0.42 annualized dividend and a yield of 1.14%. Aramark’s payout ratio is 33.07%.

Institutional Investors Weigh In On Aramark

A number of institutional investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc grew its holdings in Aramark by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 7,621 shares of the company’s stock worth $295,000 after acquiring an additional 265 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Aramark by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,654 shares of the company’s stock worth $2,002,000 after acquiring an additional 276 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Aramark by 45.7% during the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company’s stock worth $37,000 after acquiring an additional 310 shares during the last quarter. Huntington National Bank grew its holdings in Aramark by 100.3% during the 3rd quarter. Huntington National Bank now owns 681 shares of the company’s stock worth $26,000 after acquiring an additional 341 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in Aramark by 93.0% during the 4th quarter. Bessemer Group Inc. now owns 770 shares of the company’s stock worth $29,000 after acquiring an additional 371 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have weighed in on ARMK shares. Truist Financial lifted their price objective on shares of Aramark from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Citigroup assumed coverage on shares of Aramark in a research report on Monday. They issued a “buy” rating and a $48.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of Aramark from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Royal Bank of Canada restated an “outperform” rating and issued a $47.00 target price on shares of Aramark in a research report on Thursday, February 6th. Finally, StockNews.com cut shares of Aramark from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Aramark has a consensus rating of “Moderate Buy” and a consensus price target of $43.42.

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.