Allspring Global Investments Holdings LLC boosted its holdings in Aramark (NYSE:ARMK - Free Report) by 601.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 50,697 shares of the company's stock after buying an additional 43,469 shares during the period. Allspring Global Investments Holdings LLC's holdings in Aramark were worth $1,963,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. grew its position in Aramark by 360.1% in the third quarter. UMB Bank n.a. now owns 773 shares of the company's stock valued at $30,000 after acquiring an additional 605 shares in the last quarter. Twin Tree Management LP grew its position in Aramark by 32.0% in the first quarter. Twin Tree Management LP now owns 1,424 shares of the company's stock valued at $46,000 after acquiring an additional 345 shares in the last quarter. Friedenthal Financial acquired a new stake in Aramark in the third quarter valued at approximately $52,000. GAMMA Investing LLC grew its position in Aramark by 319.3% in the second quarter. GAMMA Investing LLC now owns 1,677 shares of the company's stock valued at $57,000 after acquiring an additional 1,277 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Aramark by 44,750.0% in the second quarter. Versant Capital Management Inc now owns 1,794 shares of the company's stock valued at $61,000 after acquiring an additional 1,790 shares in the last quarter.
Aramark Stock Performance
Aramark stock traded down $0.47 during mid-day trading on Thursday, reaching $37.82. The company's stock had a trading volume of 1,391,018 shares, compared to its average volume of 2,219,718. The firm has a market cap of $9.95 billion, a price-to-earnings ratio of 16.09 and a beta of 1.62. The business has a 50 day moving average price of $37.72 and a 200-day moving average price of $34.70. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. Aramark has a twelve month low of $25.92 and a twelve month high of $39.99.
Aramark (NYSE:ARMK - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.31 billion. Aramark had a net margin of 1.93% and a return on equity of 14.09%. The firm's revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share. Sell-side analysts predict that Aramark will post 1.55 EPS for the current fiscal year.
Aramark Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Monday, August 19th. Aramark's payout ratio is 15.97%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on ARMK shares. Bank of America increased their price objective on shares of Aramark from $36.00 to $39.00 and gave the company a "buy" rating in a research report on Wednesday, August 7th. UBS Group raised their price target on shares of Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of Aramark from $39.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, September 9th. Royal Bank of Canada raised shares of Aramark from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $36.00 to $42.50 in a research report on Tuesday, September 17th. Finally, StockNews.com raised shares of Aramark from a "sell" rating to a "hold" rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $39.68.
Check Out Our Latest Stock Analysis on Aramark
Aramark Profile
(
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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