Amalgamated Bank Sells 39,212 Shares of Aramark (NYSE:ARMK)

Amalgamated Bank decreased its stake in shares of Aramark (NYSE:ARMK - Free Report) by 23.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 125,582 shares of the company's stock after selling 39,212 shares during the quarter. Amalgamated Bank's holdings in Aramark were worth $4,864,000 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. UMB Bank n.a. increased its holdings in shares of Aramark by 360.1% during the 3rd quarter. UMB Bank n.a. now owns 773 shares of the company's stock worth $30,000 after purchasing an additional 605 shares during the period. Friedenthal Financial bought a new position in shares of Aramark during the 3rd quarter worth about $52,000. Twin Tree Management LP increased its holdings in shares of Aramark by 32.0% during the 1st quarter. Twin Tree Management LP now owns 1,424 shares of the company's stock worth $46,000 after purchasing an additional 345 shares during the period. GAMMA Investing LLC increased its holdings in shares of Aramark by 319.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,677 shares of the company's stock worth $57,000 after purchasing an additional 1,277 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of Aramark by 44,750.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,794 shares of the company's stock worth $61,000 after purchasing an additional 1,790 shares during the period.

Wall Street Analysts Forecast Growth

ARMK has been the topic of a number of analyst reports. Truist Financial upped their target price on shares of Aramark from $37.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, September 12th. StockNews.com raised shares of Aramark from a "sell" rating to a "hold" rating in a research note on Tuesday, October 29th. UBS Group upped their target price on shares of Aramark from $40.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Aramark from $39.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, September 9th. Finally, The Goldman Sachs Group upped their target price on shares of Aramark from $38.00 to $41.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.35.

Aramark Price Performance

Shares of ARMK stock traded up $0.14 during trading hours on Friday, reaching $39.11. 3,511,982 shares of the company were exchanged, compared to its average volume of 2,210,860. Aramark has a fifty-two week low of $25.92 and a fifty-two week high of $39.99. The stock's fifty day moving average is $38.06 and its two-hundred day moving average is $34.97. The company has a market cap of $10.30 billion, a price-to-earnings ratio of 29.85 and a beta of 1.62. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.96 and a quick ratio of 0.86.

Aramark (NYSE:ARMK - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. Aramark had a net margin of 1.93% and a return on equity of 14.09%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the business earned $0.36 earnings per share. Aramark's quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts forecast that Aramark will post 1.55 earnings per share for the current fiscal year.

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.