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

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbour Investments Inc. raised its position in Aramark by 40,750.0% during the 1st quarter. Harbour Investments Inc. now owns 817 shares of the company's stock valued at $28,000 after purchasing an additional 815 shares in the last quarter. Bessemer Group Inc. raised its position in Aramark by 83.2% during the 1st quarter. Bessemer Group Inc. now owns 1,411 shares of the company's stock valued at $49,000 after purchasing an additional 641 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Aramark in the 4th quarter worth $72,000. UMB Bank n.a. raised its position in shares of Aramark by 82.6% in the 1st quarter. UMB Bank n.a. now owns 2,472 shares of the company's stock worth $85,000 after acquiring an additional 1,118 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Aramark by 71.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,534 shares of the company's stock worth $87,000 after acquiring an additional 1,052 shares in the last quarter.

Aramark Stock Down 0.8%

ARMK stock traded down $0.34 on Thursday, hitting $39.18. 674,051 shares of the company's stock were exchanged, compared to its average volume of 2,034,319. Aramark has a 12-month low of $29.92 and a 12-month high of $44.49. The firm has a 50 day moving average price of $41.61 and a two-hundred day moving average price of $38.09. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29. The stock has a market cap of $10.30 billion, a P/E ratio of 29.03 and a beta of 1.33.

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

Aramark Announces Dividend

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

Wall Street Analyst Weigh In

ARMK has been the subject of several recent research reports. UBS Group set a $46.00 price target on Aramark and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen lowered Aramark from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Robert W. Baird raised Aramark from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $43.00 to $47.00 in a research report on Wednesday, August 6th. Royal Bank Of Canada reissued an "outperform" rating and issued a $47.00 price target on shares of Aramark in a research report on Wednesday, May 14th. Finally, Baird R W raised Aramark from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. One investment 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 stock. According to MarketBeat, Aramark currently has a consensus rating of "Buy" and a consensus target price of $45.44.

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.