Aramark (NYSE:ARMK) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its stake in Aramark (NYSE:ARMK - Free Report) by 20.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 216,952 shares of the company's stock after selling 55,323 shares during the period. Leeward Investments LLC MA owned 0.08% of Aramark worth $8,376,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its holdings in shares of Aramark by 9.9% in the third quarter. QRG Capital Management Inc. now owns 14,498 shares of the company's stock valued at $562,000 after acquiring an additional 1,303 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Aramark by 63.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 140,432 shares of the company's stock valued at $5,439,000 after purchasing an additional 54,580 shares in the last quarter. Forum Financial Management LP acquired a new position in Aramark during the 3rd quarter worth approximately $206,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Aramark during the 3rd quarter worth approximately $408,000. Finally, First Trust Direct Indexing L.P. acquired a new stake in shares of Aramark in the 3rd quarter valued at approximately $202,000.

Aramark Trading Up 0.4 %

NYSE:ARMK traded up $0.15 on Friday, reaching $39.12. The stock had a trading volume of 1,911,330 shares, compared to its average volume of 2,202,078. Aramark has a 12-month low of $25.92 and a 12-month high of $39.99. The company has a market cap of $10.31 billion, a price-to-earnings ratio of 29.74 and a beta of 1.62. The firm's fifty day moving average is $38.06 and its two-hundred day moving average is $34.97. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.96 and a quick ratio of 0.86.

Aramark (NYSE:ARMK - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.31 billion. Aramark had a net margin of 1.93% and a return on equity of 14.09%. Aramark's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.36 earnings per share. Equities analysts expect that Aramark will post 1.55 EPS for the current fiscal year.

Analyst Ratings Changes

ARMK has been the subject of a number of recent analyst reports. StockNews.com raised Aramark from a "sell" rating to a "hold" rating in a report on Tuesday, October 29th. Robert W. Baird increased their target price on shares of Aramark from $37.00 to $38.00 and gave the company a "neutral" rating in a report 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 research note on Tuesday, October 8th. Morgan Stanley raised their price objective on Aramark from $35.00 to $38.00 and gave the company an "equal weight" rating in a research note on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft raised Aramark from a "hold" rating to a "buy" rating and upped their target price for the company from $36.00 to $39.00 in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $40.35.

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.