19,645 Shares in Aramark (NYSE:ARMK) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new stake in Aramark (NYSE:ARMK - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 19,645 shares of the company's stock, valued at approximately $761,000.

Other institutional investors also recently modified their holdings of the company. Huntington National Bank increased its position in shares of Aramark by 100.3% during the third quarter. Huntington National Bank now owns 681 shares of the company's stock worth $26,000 after acquiring an additional 341 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Aramark in the third quarter worth approximately $28,000. UMB Bank n.a. lifted its holdings in shares of 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 purchasing an additional 605 shares in the last quarter. Friedenthal Financial bought a new stake in Aramark during the third quarter worth $52,000. Finally, CWM LLC boosted its holdings in Aramark by 112.6% during the 3rd quarter. CWM LLC now owns 1,822 shares of the company's stock worth $71,000 after acquiring an additional 965 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have commented on ARMK shares. StockNews.com raised shares of Aramark from a "sell" rating to a "hold" rating in a research report on Tuesday, October 29th. Truist Financial raised their target price on Aramark from $42.00 to $46.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Robert W. Baird raised their price objective on shares of Aramark from $44.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday. Stifel Nicolaus boosted their target price on shares of Aramark from $43.00 to $45.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada raised shares of Aramark from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $36.00 to $42.50 in a report on Tuesday, September 17th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $42.59.

Aramark Price Performance

Shares of ARMK stock traded down $0.53 during trading hours on Monday, hitting $39.64. 1,732,057 shares of the company's stock were exchanged, compared to its average volume of 2,209,987. Aramark has a 12-month low of $27.05 and a 12-month high of $42.49. The company has a market capitalization of $10.46 billion, a PE ratio of 40.04 and a beta of 1.63. The business's 50 day simple moving average is $39.22 and its 200-day simple moving average is $36.43. 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 quarterly earnings data on Monday, November 11th. The company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Aramark had a return on equity of 14.06% and a net margin of 1.51%. The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the previous year, the business earned $0.64 earnings per share. The company's quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts anticipate that Aramark will post 1.92 earnings per share for the current year.

Aramark Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were issued a dividend of $0.001 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.00 dividend on an annualized basis and a yield of 0.01%. Aramark's dividend payout ratio 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.