Aramark $ARMK Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC has reduced its stake in Aramark by 18.1%, selling 108,140 shares and leaving it with 490,525 shares valued at approximately $16.9 million.
• Analyst ratings for Aramark are mixed, with one Strong Buy, eight Buy, and one Hold rating, while the average target price is set at $45.44.
• Aramark recently declared a quarterly dividend of $0.105 per share, with an annualized yield of 1.0% and a payout ratio of 31.11%.

Hsbc Holdings PLC lessened its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 18.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 490,525 shares of the company's stock after selling 108,140 shares during the period. Hsbc Holdings PLC owned approximately 0.19% of Aramark worth $16,900,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbour Investments Inc. grew its holdings in Aramark by 40,750.0% during the first quarter. Harbour Investments Inc. now owns 817 shares of the company's stock worth $28,000 after acquiring an additional 815 shares during the period. Bessemer Group Inc. grew its holdings in Aramark by 83.2% in the first quarter. Bessemer Group Inc. now owns 1,411 shares of the company's stock valued at $49,000 after purchasing an additional 641 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Aramark in the fourth quarter valued at $72,000. UMB Bank n.a. grew its holdings in Aramark by 82.6% in the first quarter. UMB Bank n.a. now owns 2,472 shares of the company's stock valued at $85,000 after purchasing an additional 1,118 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Aramark by 71.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,534 shares of the company's stock valued at $87,000 after purchasing an additional 1,052 shares during the last quarter.

Aramark Trading Down 0.5%

NYSE ARMK traded down $0.19 during trading hours on Friday, hitting $39.06. 169,155 shares of the company's stock were exchanged, compared to its average volume of 2,026,592. The business's 50 day moving average is $41.59 and its 200-day moving average is $38.10. Aramark has a 12-month low of $29.92 and a 12-month high of $44.49. The firm has a market capitalization of $10.27 billion, a P/E ratio of 28.94 and a beta of 1.33. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29.

Aramark (NYSE:ARMK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.66 billion. Aramark had a return on equity of 15.67% and a net margin of 2.02%.The firm's revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. As a group, analysts anticipate that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were paid a dividend of $0.105 per share. The ex-dividend date was Wednesday, August 6th. This represents a $0.42 annualized dividend and a yield of 1.1%. Aramark's dividend payout ratio is currently 31.11%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wall Street Zen lowered Aramark from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Morgan Stanley upped 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. Royal Bank Of Canada reissued an "outperform" rating and issued a $47.00 target price on shares of Aramark in a report on Wednesday, May 14th. Baird R W raised Aramark from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Finally, UBS Group set a $46.00 price objective on Aramark and gave the company a "buy" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $45.44.

Aramark 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.