Aramark (NYSE:ARMK) Shares Sold by Duality Advisers LP

Duality Advisers LP reduced its holdings in Aramark (NYSE:ARMK - Free Report) by 85.1% in the 4th quarter, according to its most recent 13F 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 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ARMK. CWM LLC lifted its holdings in shares of Aramark by 67.0% in the 3rd quarter. CWM LLC now owns 1,196 shares of the company's stock valued at $42,000 after buying an additional 480 shares during the period. Handelsbanken Fonder AB lifted 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 buying an additional 18,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted 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 buying an additional 12,200 shares during the period. Raymond James & Associates raised its holdings in Aramark by 36.1% during the third quarter. Raymond James & Associates now owns 18,098 shares of the company's stock worth $628,000 after purchasing an additional 4,805 shares during the last quarter. Finally, New York State Teachers Retirement System raised its holdings in Aramark by 8.4% during the third quarter. New York State Teachers Retirement System now owns 114,327 shares of the company's stock worth $3,967,000 after purchasing an additional 8,891 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ARMK. Morgan Stanley lifted their price objective on Aramark from $28.00 to $30.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 7th. The Goldman Sachs Group began coverage on Aramark in a report on Wednesday, January 17th. They set a "buy" rating and a $33.00 price objective for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $33.00 price objective on shares of Aramark in a report on Wednesday, February 7th. Finally, Truist Financial lifted their price objective on Aramark from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Aramark currently has an average rating of "Moderate Buy" and a consensus target price of $33.04.

Aramark Trading Up 0.1 %

Shares of NYSE:ARMK traded up $0.02 during midday trading on Friday, reaching $32.35. The company's stock had a trading volume of 1,135,070 shares, compared to its average volume of 2,436,517. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 1.31 and a beta of 1.48. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 2.08. Aramark has a 1 year low of $23.95 and a 1 year high of $33.04. The business has a 50 day moving average price of $31.53 and a 200 day moving average price of $29.19.

Aramark (NYSE:ARMK - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.05. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.29 billion. Aramark had a return on equity of 13.45% and a net margin of 3.37%. The business's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. Research analysts forecast that Aramark will post 1.56 EPS for the current year.

Aramark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Tuesday, February 13th. Aramark's dividend payout ratio is currently 15.90%.

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.