Y Intercept Hong Kong Ltd Acquires Shares of 18,494 Aramark (NYSE:ARMK)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Aramark (NYSE:ARMK - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,494 shares of the company's stock, valued at approximately $716,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank boosted its holdings in shares of Aramark by 100.3% during the third quarter. Huntington National Bank now owns 681 shares of the company's stock worth $26,000 after purchasing an additional 341 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Aramark in the 3rd quarter worth about $28,000. UMB Bank n.a. grew its holdings in Aramark by 360.1% in the 3rd quarter. UMB Bank n.a. now owns 773 shares of the company's stock valued at $30,000 after buying an additional 605 shares during the period. Friedenthal Financial acquired a new position in shares of Aramark during the 3rd quarter valued at about $52,000. Finally, Blue Trust Inc. lifted its holdings in shares of Aramark by 225.5% during the 2nd quarter. Blue Trust Inc. now owns 2,080 shares of the company's stock worth $68,000 after acquiring an additional 1,441 shares during the period.

Aramark Stock Down 0.6 %

Shares of NYSE:ARMK traded down $0.23 during mid-day trading on Friday, hitting $40.17. 1,292,578 shares of the company traded hands, compared to its average volume of 2,211,971. The firm has a market cap of $10.60 billion, a P/E ratio of 40.58 and a beta of 1.63. Aramark has a 52-week low of $27.05 and a 52-week high of $42.49. The firm's 50 day simple moving average is $39.22 and its 200 day simple moving average is $36.39. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.72 and a current ratio of 0.81.

Aramark (NYSE:ARMK - Get Free Report) last posted its earnings results on Monday, November 11th. The company reported $0.54 EPS for the quarter, hitting analysts' consensus estimates of $0.54. The business had revenue of $4.42 billion for the quarter, compared to analysts' expectations of $4.46 billion. Aramark had a net margin of 1.51% and a return on equity of 14.06%. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 earnings per share. On average, equities analysts anticipate that Aramark will post 1.92 EPS for the current year.

Aramark Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.001 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.00 annualized dividend and a dividend yield of 0.01%. Aramark's dividend payout ratio is presently 42.42%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ARMK shares. 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. Truist Financial boosted their price objective on shares of Aramark from $42.00 to $46.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. StockNews.com raised Aramark from a "sell" rating to a "hold" rating in a research report on Tuesday, October 29th. Robert W. Baird boosted their price target on Aramark from $44.00 to $45.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Stifel Nicolaus upped their price target on Aramark from $43.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $42.59.

Aramark 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.