Aramark (NYSE:ARMK) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC trimmed its holdings in Aramark (NYSE:ARMK) by 74.2% during the third quarter, HoldingsChannel.com reports. The fund owned 61,480 shares of the company’s stock after selling 176,749 shares during the period. Pathstone Holdings LLC’s holdings in Aramark were worth $2,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Huntington National Bank increased its stake in Aramark by 100.3% in the third quarter. Huntington National Bank now owns 681 shares of the company’s stock valued at $26,000 after purchasing an additional 341 shares during the period. Capital Performance Advisors LLP acquired a new position in Aramark in the 3rd quarter valued at about $28,000. UMB Bank n.a. lifted its position in Aramark by 360.1% during the 3rd quarter. UMB Bank n.a. now owns 773 shares of the company’s stock worth $30,000 after acquiring an additional 605 shares during the period. Friedenthal Financial purchased a new position in shares of Aramark in the 3rd quarter valued at approximately $52,000. Finally, GAMMA Investing LLC increased its holdings in shares of Aramark by 319.3% in the second quarter. GAMMA Investing LLC now owns 1,677 shares of the company’s stock valued at $57,000 after purchasing an additional 1,277 shares during the period.

Aramark Trading Up 2.4 %

Shares of ARMK stock opened at $41.83 on Tuesday. Aramark has a fifty-two week low of $26.58 and a fifty-two week high of $42.04. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.42. The business has a fifty day simple moving average of $38.39 and a 200-day simple moving average of $35.56. The stock has a market cap of $11.04 billion, a P/E ratio of 42.25 and a beta of 1.62.

Aramark (NYSE:ARMK) last announced its earnings results on Monday, November 11th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.46 billion. Aramark had a net margin of 1.51% and a return on equity of 14.06%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 earnings per share. On average, analysts forecast that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.001 per share. This represents a $0.00 dividend on an annualized basis and a yield of 0.01%. The ex-dividend date is Monday, December 2nd. Aramark’s dividend payout ratio (DPR) is presently 42.42%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ARMK shares. Stifel Nicolaus lifted their price objective on shares of Aramark from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group boosted their price target on shares of Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird lifted their price objective on Aramark from $38.00 to $44.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised Aramark from a “hold” rating to a “buy” rating and raised their price target for the company from $36.00 to $39.00 in a report on Wednesday, August 7th. Finally, Morgan Stanley upped their price objective on Aramark from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $42.23.

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.