Asset Management One Co. Ltd. Grows Holdings in Aramark (NYSE:ARMK)

Asset Management One Co. Ltd. lifted its position in Aramark (NYSE:ARMK - Free Report) by 63.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,432 shares of the company's stock after acquiring an additional 54,580 shares during the period. Asset Management One Co. Ltd. owned 0.05% of Aramark worth $5,439,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in Aramark by 54.9% during the 1st quarter. BNP Paribas Financial Markets now owns 29,636 shares of the company's stock valued at $964,000 after buying an additional 10,505 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Aramark by 36.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,020 shares of the company's stock worth $521,000 after purchasing an additional 4,265 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Aramark by 2.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 19,540 shares of the company's stock worth $635,000 after purchasing an additional 432 shares in the last quarter. Duality Advisers LP grew its position in Aramark by 83.7% during the 1st quarter. Duality Advisers LP now owns 36,731 shares of the company's stock valued at $1,194,000 after purchasing an additional 16,740 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Aramark by 131.8% in the first quarter. SG Americas Securities LLC now owns 97,167 shares of the company's stock worth $3,160,000 after buying an additional 55,249 shares during the last quarter.

Aramark Stock Performance

Shares of ARMK traded up $0.14 during trading hours on Friday, hitting $39.11. The stock had a trading volume of 3,818,680 shares, 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 company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 0.96. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 29.85 and a beta of 1.62. The firm has a 50-day moving average price of $38.11 and a 200 day moving average price of $35.02.

Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.31 billion. Aramark had a return on equity of 14.09% and a net margin of 1.93%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. As a group, research analysts anticipate that Aramark will post 1.55 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Aramark from $38.00 to $41.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Royal Bank of Canada upgraded Aramark from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $36.00 to $42.50 in a report on Tuesday, September 17th. Bank of America upped their target price on shares of Aramark from $36.00 to $39.00 and gave the company a "buy" rating in a research note on Wednesday, August 7th. UBS Group boosted their price target on Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Finally, Truist Financial boosted their price target on shares of Aramark from $37.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, September 12th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.35.

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.