Profund Advisors LLC Sells 770 Shares of Aramark (NYSE:ARMK)

Profund Advisors LLC lessened its stake in shares of Aramark (NYSE:ARMK) by 10.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,818 shares of the company’s stock after selling 770 shares during the period. Profund Advisors LLC’s holdings in Aramark were worth $232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARMK. Bank of Nova Scotia lifted its stake in shares of Aramark by 84.7% during the 4th quarter. Bank of Nova Scotia now owns 1,192,142 shares of the company’s stock valued at $33,498,000 after buying an additional 546,796 shares in the last quarter. SG Americas Securities LLC increased its holdings in Aramark by 131.8% in the 1st quarter. SG Americas Securities LLC now owns 97,167 shares of the company’s stock valued at $3,160,000 after acquiring an additional 55,249 shares during the last quarter. Public Sector Pension Investment Board bought a new position in shares of Aramark during the 4th quarter valued at about $75,477,000. Vanguard Group Inc. grew its position in shares of Aramark by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 25,584,242 shares of the company’s stock valued at $718,917,000 after purchasing an additional 139,693 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in shares of Aramark by 3,613.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 680,235 shares of the company’s stock worth $19,115,000 after purchasing an additional 661,915 shares during the last quarter.

Aramark Stock Performance

Shares of NYSE:ARMK opened at $38.44 on Friday. The firm’s 50 day simple moving average is $35.87 and its 200-day simple moving average is $33.64. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 0.96. Aramark has a one year low of $23.95 and a one year high of $38.99. The firm has a market cap of $10.11 billion, a PE ratio of 16.15 and a beta of 1.62.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. Aramark had a return on equity of 14.09% and a net margin of 1.93%. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the previous year, the company posted $0.36 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities analysts predict 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 Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Monday, August 19th. Aramark’s payout ratio is 15.97%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Bank of America raised their price target on Aramark from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. StockNews.com upgraded shares of Aramark from a “sell” rating to a “hold” rating in a research report on Saturday, September 21st. Oppenheimer increased their price objective on shares of Aramark from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Truist Financial increased their price target on shares of Aramark from $37.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Finally, UBS Group boosted their price objective on shares of Aramark from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.36.

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.