Duality Advisers LP Cuts Holdings in Aramark (NYSE:ARMK)

Duality Advisers LP decreased its stake in shares of Aramark (NYSE:ARMK) by 85.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,991 shares of the company’s stock after selling 114,047 shares during the quarter. Duality Advisers LP’s holdings in Aramark were worth $562,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ARMK. CWM LLC increased its holdings in Aramark by 67.0% during the 3rd quarter. CWM LLC now owns 1,196 shares of the company’s stock worth $42,000 after purchasing an additional 480 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Aramark by 51.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 53,500 shares of the company’s stock valued at $1,856,000 after acquiring an additional 18,100 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Aramark by 18.2% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 79,388 shares of the company’s stock valued at $2,755,000 after acquiring an additional 12,200 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Aramark by 36.1% in the 3rd quarter. Raymond James & Associates now owns 18,098 shares of the company’s stock valued at $628,000 after acquiring an additional 4,805 shares during the last quarter. Finally, New York State Teachers Retirement System increased its holdings in shares of Aramark by 8.4% in the 3rd quarter. New York State Teachers Retirement System now owns 114,327 shares of the company’s stock valued at $3,967,000 after acquiring an additional 8,891 shares during the last quarter.

Aramark Stock Down 0.7 %

Aramark stock opened at $32.34 on Friday. Aramark has a twelve month low of $23.95 and a twelve month high of $33.04. The stock has a 50 day moving average of $31.53 and a two-hundred day moving average of $29.19. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 1.29 and a beta of 1.48.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Aramark had a return on equity of 13.45% and a net margin of 3.37%. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period last year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. As a group, research analysts expect that Aramark will post 1.56 earnings per share for the current year.

Aramark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.095 per share. The ex-dividend date was Tuesday, February 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.18%. Aramark’s payout ratio is 15.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ARMK shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $33.00 price objective on shares of Aramark in a report on Wednesday, February 7th. Morgan Stanley increased their price objective on Aramark from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. The Goldman Sachs Group initiated coverage on Aramark in a report on Wednesday, January 17th. They issued a “buy” rating and a $33.00 price objective on the stock. Finally, Truist Financial upped their target price on Aramark from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.04.

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.