Pathstone Holdings LLC Sells 176,749 Shares of Aramark (NYSE:ARMK)

Pathstone Holdings LLC lowered its position in Aramark (NYSE:ARMK - Free Report) by 74.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,480 shares of the company's stock after selling 176,749 shares during the period. Pathstone Holdings LLC's holdings in Aramark were worth $2,381,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ARMK. Huntington National Bank raised its holdings in Aramark by 100.3% in the 3rd quarter. Huntington National Bank now owns 681 shares of the company's stock worth $26,000 after purchasing an additional 341 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Aramark in the third quarter worth $28,000. UMB Bank n.a. raised its position in shares of Aramark by 360.1% during the 3rd quarter. UMB Bank n.a. now owns 773 shares of the company's stock valued at $30,000 after purchasing an additional 605 shares during the period. Friedenthal Financial bought a new position in Aramark in the 3rd quarter worth $52,000. Finally, GAMMA Investing LLC increased its stake in Aramark by 319.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,677 shares of the company's stock worth $57,000 after buying an additional 1,277 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Aramark from $41.00 to $45.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. 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 report on Wednesday, October 16th. Royal Bank of Canada raised shares of Aramark from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $36.00 to $42.50 in a report on Tuesday, September 17th. Bank of America raised their target price on shares of Aramark from $36.00 to $39.00 and gave the company a "buy" rating in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus lifted their price target on shares of Aramark from $43.00 to $45.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.23.

Aramark Trading Up 0.9 %

Shares of ARMK stock traded up $0.36 during trading hours on Tuesday, reaching $42.22. 2,760,209 shares of the stock were exchanged, compared to its average volume of 2,232,789. The firm has a market capitalization of $11.14 billion, a price-to-earnings ratio of 42.25 and a beta of 1.62. Aramark has a 12-month low of $26.58 and a 12-month high of $42.41. The company's 50-day moving average price is $38.46 and its 200-day moving average price is $35.63. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.42.

Aramark (NYSE:ARMK - Get Free Report) last released its earnings results on Monday, November 11th. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.46 billion. Aramark had a return on equity of 14.06% and a net margin of 1.51%. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. As a group, equities analysts anticipate that Aramark will post 1.92 earnings per share for the current year.

Aramark Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 dividend yield of 0.01%. The ex-dividend date is Monday, December 2nd. Aramark's dividend payout ratio (DPR) is presently 42.42%.

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.