Mutual of America Capital Management LLC Lowers Stock Holdings in Aramark $ARMK

Mutual of America Capital Management LLC reduced its position in shares of Aramark (NYSE:ARMK) by 4.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 130,329 shares of the company’s stock after selling 6,116 shares during the period. Mutual of America Capital Management LLC’s holdings in Aramark were worth $5,457,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ARMK. Massachusetts Financial Services Co. MA boosted its position in shares of Aramark by 29.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 17,605,896 shares of the company’s stock worth $607,756,000 after buying an additional 4,012,162 shares during the period. Fiduciary Management Inc. WI boosted its position in shares of Aramark by 13.8% during the first quarter. Fiduciary Management Inc. WI now owns 13,037,630 shares of the company’s stock worth $450,059,000 after buying an additional 1,582,890 shares during the period. Junto Capital Management LP purchased a new position in Aramark in the first quarter valued at $46,499,000. Nuveen LLC purchased a new position in Aramark in the first quarter valued at $37,476,000. Finally, Egerton Capital UK LLP boosted its holdings in Aramark by 79.0% in the first quarter. Egerton Capital UK LLP now owns 2,075,126 shares of the company’s stock valued at $71,633,000 after purchasing an additional 916,054 shares during the period.

Aramark Stock Up 3.1%

Aramark stock opened at $39.97 on Wednesday. Aramark has a 1-year low of $29.92 and a 1-year high of $44.49. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.29 and a quick ratio of 1.14. The stock has a market cap of $10.50 billion, a PE ratio of 29.60 and a beta of 1.21. The stock’s fifty day moving average is $38.85 and its two-hundred day moving average is $38.89.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. Aramark had a return on equity of 15.67% and a net margin of 2.02%.The company had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same period last year, the firm earned $0.31 earnings per share. Aramark’s quarterly revenue was up 5.7% on a year-over-year basis. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. On average, sell-side analysts expect that Aramark will post 1.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ARMK has been the subject of a number of recent research reports. Morgan Stanley lifted their target price on Aramark from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, June 30th. Wall Street Zen lowered Aramark from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Robert W. Baird upgraded Aramark from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $43.00 to $47.00 in a report on Wednesday, August 6th. UBS Group decreased their target price on Aramark from $46.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, October 1st. Finally, Baird R W upgraded Aramark from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Aramark currently has an average rating of “Moderate Buy” and an average target price of $45.88.

About Aramark

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.