Barclays PLC Raises Stock Holdings in Aramark (NYSE:ARMK)

Barclays PLC grew its position in Aramark (NYSE:ARMK - Free Report) by 57.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 189,418 shares of the company's stock after acquiring an additional 69,223 shares during the quarter. Barclays PLC owned about 0.07% of Aramark worth $7,336,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ARMK. Y Intercept Hong Kong Ltd bought a new stake in shares of Aramark during the third quarter worth $716,000. Blue Trust Inc. lifted its holdings in Aramark by 173.9% during the 3rd quarter. Blue Trust Inc. now owns 5,697 shares of the company's stock valued at $221,000 after buying an additional 3,617 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Aramark by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,732,661 shares of the company's stock valued at $67,106,000 after buying an additional 14,839 shares during the period. Anthracite Investment Company Inc. purchased a new stake in Aramark in the 3rd quarter valued at about $3,524,000. Finally, Quest Partners LLC grew its stake in Aramark by 3,617,700.0% in the 3rd quarter. Quest Partners LLC now owns 36,178 shares of the company's stock worth $1,401,000 after acquiring an additional 36,177 shares in the last quarter.

Wall Street Analyst Weigh In

ARMK has been the topic of a number of recent research reports. Truist Financial raised their price objective on Aramark from $42.00 to $46.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Stifel Nicolaus raised their price objective on Aramark from $43.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. StockNews.com upgraded Aramark from a "sell" rating to a "hold" rating in a research note on Tuesday, October 29th. Robert W. Baird increased their price target on shares of Aramark from $44.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. increased their target price on Aramark from $41.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.59.

Aramark Trading Up 0.2 %

Aramark stock traded up $0.06 during midday trading on Thursday, hitting $37.41. 1,968,057 shares of the stock were exchanged, compared to its average volume of 2,205,930. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.42. Aramark has a 52 week low of $27.39 and a 52 week high of $42.49. The company has a fifty day simple moving average of $39.28 and a two-hundred day simple moving average of $36.54. The stock has a market capitalization of $9.87 billion, a PE ratio of 37.79 and a beta of 1.63.

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

Aramark Cuts Dividend

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

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.