Blueshift Asset Management LLC acquired a new stake in shares of Aramark (NYSE:ARMK - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 25,643 shares of the company's stock, valued at approximately $993,000.
Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Aramark by 173.9% during the 3rd quarter. Blue Trust Inc. now owns 5,697 shares of the company's stock worth $221,000 after acquiring an additional 3,617 shares in the last quarter. Anthracite Investment Company Inc. bought a new stake in Aramark during the third quarter valued at about $3,524,000. Leeward Investments LLC MA acquired a new stake in Aramark in the second quarter worth about $9,263,000. Quest Partners LLC boosted its holdings in Aramark by 3,617,700.0% in the third 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. Finally, Asset Management One Co. Ltd. raised its stake in shares of Aramark by 63.6% in the third quarter. Asset Management One Co. Ltd. now owns 140,432 shares of the company's stock worth $5,439,000 after purchasing an additional 54,580 shares during the last quarter.
Aramark Price Performance
Aramark stock traded down $1.45 during trading hours on Wednesday, hitting $40.77. 1,550,145 shares of the company traded hands, compared to its average volume of 2,229,822. The firm has a market cap of $10.76 billion, a P/E ratio of 42.65 and a beta of 1.62. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.42. The firm's 50-day simple moving average is $38.53 and its two-hundred day simple moving average is $35.69. Aramark has a 1-year low of $26.58 and a 1-year high of $42.49.
Aramark (NYSE:ARMK - Get Free Report) last posted 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 during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS. As a group, analysts forecast that Aramark will post 1.92 earnings per share for the current fiscal year.
Aramark Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors 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 yield of 0.01%. The ex-dividend date is Monday, December 2nd. Aramark's dividend payout ratio (DPR) is currently 38.38%.
Analyst Ratings Changes
ARMK has been the subject of several recent research reports. Truist Financial lifted their price target on Aramark from $42.00 to $46.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. UBS Group boosted their price objective on Aramark from $40.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. upped their price target on Aramark from $41.00 to $45.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Stifel Nicolaus upped their price objective on Aramark from $43.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Finally, StockNews.com raised Aramark from a "sell" rating to a "hold" rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Aramark presently has an average rating of "Moderate Buy" and an average target price of $42.23.
Check Out Our Latest Analysis on Aramark
About Aramark
(
Free Report)
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.
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