Aramark (NYSE:ARMK) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Aramark (NYSE:ARMK - Free Report) by 10.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 576,254 shares of the company's stock after selling 69,607 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of Aramark worth $22,318,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Aramark by 319.3% during the second quarter. GAMMA Investing LLC now owns 1,677 shares of the company's stock worth $57,000 after purchasing an additional 1,277 shares in the last quarter. OLD National Bancorp IN lifted its stake in Aramark by 6.8% during the 2nd quarter. OLD National Bancorp IN now owns 11,047 shares of the company's stock worth $376,000 after acquiring an additional 708 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Aramark by 25.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,239 shares of the company's stock valued at $314,000 after acquiring an additional 1,883 shares during the period. Blue Trust Inc. grew its position in Aramark by 225.5% in the 2nd quarter. Blue Trust Inc. now owns 2,080 shares of the company's stock valued at $68,000 after acquiring an additional 1,441 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC purchased a new stake in Aramark during the second quarter worth about $272,000.

Analyst Ratings Changes

ARMK has been the subject of a number of research reports. StockNews.com upgraded shares of Aramark from a "sell" rating to a "hold" rating in a report on Tuesday, October 29th. Royal Bank of Canada upgraded shares of Aramark from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $36.00 to $42.50 in a research note on Tuesday, September 17th. The Goldman Sachs Group increased their price objective on Aramark from $38.00 to $41.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Stifel Nicolaus boosted their target price on Aramark from $43.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Finally, Robert W. Baird upped their price target on Aramark from $38.00 to $44.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $42.23.

Aramark Stock Up 0.0 %

ARMK stock traded up $0.01 during trading on Friday, hitting $41.61. 1,956,853 shares of the company's stock were exchanged, compared to its average volume of 2,216,428. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 42.03 and a beta of 1.63. Aramark has a 52-week low of $26.58 and a 52-week high of $42.49. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.42. The business has a 50-day moving average price of $39.01 and a two-hundred day moving average price of $36.08.

Aramark (NYSE:ARMK - Get Free Report) last issued its earnings results on Monday, November 11th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. Aramark had a net margin of 1.51% and a return on equity of 14.06%. The business had revenue of $4.42 billion during the quarter, compared to analysts' expectations of $4.46 billion. During the same quarter in the prior year, the business posted $0.64 EPS. The company's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts expect that Aramark will post 1.92 EPS for the current year.

Aramark Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.001 per share. This represents a $0.00 dividend on an annualized basis and a dividend yield of 0.01%. The ex-dividend date of this dividend is Monday, December 2nd. Aramark's dividend payout ratio (DPR) is currently 42.42%.

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.