Aramark (NYSE:ARMK) Stock Holdings Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Aramark (NYSE:ARMK - Free Report) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,732,661 shares of the company's stock after purchasing an additional 14,839 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.66% of Aramark worth $67,106,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. O Shaughnessy Asset Management LLC purchased a new stake in Aramark during the first quarter worth approximately $249,000. Price T Rowe Associates Inc. MD increased its holdings in Aramark by 7.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 166,589 shares of the company's stock valued at $5,418,000 after purchasing an additional 11,062 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Aramark by 1.5% in the first quarter. Public Employees Retirement System of Ohio now owns 99,563 shares of the company's stock valued at $3,238,000 after purchasing an additional 1,487 shares during the period. Tidal Investments LLC lifted its stake in shares of Aramark by 21.5% during the first quarter. Tidal Investments LLC now owns 42,585 shares of the company's stock worth $1,385,000 after purchasing an additional 7,549 shares in the last quarter. Finally, Comerica Bank boosted its position in shares of Aramark by 14.9% in the first quarter. Comerica Bank now owns 126,658 shares of the company's stock worth $4,119,000 after buying an additional 16,423 shares during the period.

Aramark Price Performance

Aramark stock traded down $0.06 during trading hours on Friday, hitting $40.71. 801,974 shares of the company traded hands, compared to its average volume of 2,223,643. The firm's 50-day simple moving average is $38.62 and its two-hundred day simple moving average is $35.76. The firm has a market cap of $10.75 billion, a P/E ratio of 41.18 and a beta of 1.62. Aramark has a 1-year low of $26.58 and a 1-year high of $42.49. 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 (NYSE:ARMK - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.54 EPS for the quarter, meeting analysts' consensus estimates of $0.54. The business had revenue of $4.42 billion for 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 business earned $0.64 earnings per share. As a group, analysts forecast that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be paid a dividend of $0.001 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.00 annualized dividend and a yield of 0.01%. Aramark's dividend payout ratio is currently 38.38%.

Wall Street Analysts Forecast Growth

ARMK has been the subject of a number of recent analyst reports. StockNews.com raised shares of Aramark from a "sell" rating to a "hold" rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price target on Aramark from $41.00 to $45.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. Truist Financial raised their price objective on Aramark from $42.00 to $46.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. UBS Group upped their target price on Aramark from $40.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Finally, Bank of America raised their price target on shares of Aramark from $36.00 to $39.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $42.23.

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.