Natixis Advisors LLC Has $4.30 Million Stake in Aramark (NYSE:ARMK)

Natixis Advisors LLC trimmed its stake in shares of Aramark (NYSE:ARMK - Free Report) by 18.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,136 shares of the company's stock after selling 24,496 shares during the period. Natixis Advisors LLC's holdings in Aramark were worth $4,304,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Huntington National Bank increased its position in Aramark by 100.3% during the 3rd quarter. Huntington National Bank now owns 681 shares of the company's stock worth $26,000 after purchasing an additional 341 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Aramark in the 3rd quarter worth approximately $28,000. UMB Bank n.a. raised its holdings in Aramark by 360.1% in the 3rd quarter. UMB Bank n.a. now owns 773 shares of the company's stock valued at $30,000 after acquiring an additional 605 shares during the last quarter. Friedenthal Financial purchased a new position in shares of Aramark during the 3rd quarter worth $52,000. Finally, GAMMA Investing LLC boosted its holdings in shares of 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 during the last quarter.

Aramark Stock Up 1.1 %

Shares of ARMK traded up $0.44 during trading hours on Friday, hitting $40.86. 1,838,385 shares of the company were exchanged, compared to its average volume of 2,173,878. The company has a market cap of $10.78 billion, a PE ratio of 41.27 and a beta of 1.62. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.72 and a current ratio of 0.81. The firm's 50 day moving average is $38.39 and its 200-day moving average is $35.53. Aramark has a 52 week low of $26.58 and a 52 week high of $42.04.

Aramark (NYSE:ARMK - Get Free Report) last released its earnings results on Monday, November 11th. The company reported $0.54 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 firm had revenue of $4.42 billion during the quarter, compared to analysts' expectations of $4.46 billion. During the same period in the prior year, the company earned $0.64 EPS. The business's quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts forecast that Aramark will post 1.92 EPS for the current fiscal 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 paid a $0.001 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.00 annualized dividend and a dividend yield of 0.01%. Aramark's dividend payout ratio is presently 38.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ARMK shares. Royal Bank of Canada raised shares of Aramark from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $36.00 to $42.50 in a research note on Tuesday, September 17th. UBS Group increased their target price on Aramark from $40.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Bank of America boosted their price target on Aramark from $36.00 to $39.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th. The Goldman Sachs Group increased their price objective on shares of Aramark from $38.00 to $41.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Finally, Truist Financial boosted their target price on shares of Aramark from $42.00 to $46.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Three 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 presently has a consensus rating of "Moderate Buy" and a consensus 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.