SG Americas Securities LLC trimmed its position in shares of Aramark (NYSE:ARMK – Free Report) by 75.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,236 shares of the company’s stock after selling 16,191 shares during the quarter. SG Americas Securities LLC’s holdings in Aramark were worth $201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of ARMK. Osterweis Capital Management Inc. bought a new position in Aramark in the second quarter valued at about $40,000. Bayforest Capital Ltd bought a new position in shares of Aramark in the 2nd quarter worth approximately $51,000. Hantz Financial Services Inc. boosted its holdings in shares of Aramark by 1,323.1% in the second quarter. Hantz Financial Services Inc. now owns 1,295 shares of the company’s stock worth $54,000 after buying an additional 1,204 shares during the last quarter. Bessemer Group Inc. grew its position in Aramark by 56.6% during the second quarter. Bessemer Group Inc. now owns 2,209 shares of the company’s stock valued at $92,000 after buying an additional 798 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Aramark during the second quarter valued at approximately $119,000.
Aramark Stock Performance
NYSE ARMK opened at $38.48 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. Aramark has a twelve month low of $29.92 and a twelve month high of $44.49. The business has a 50-day moving average price of $37.95 and a 200-day moving average price of $38.97. The firm has a market cap of $10.11 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 1.29 and a beta of 1.11.
Aramark Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Friday, December 5th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, December 5th. This is an increase from Aramark’s previous quarterly dividend of $0.11. Aramark’s dividend payout ratio is presently 39.34%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their price objective on shares of Aramark from $46.50 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Stifel Nicolaus set a $44.00 target price on Aramark in a research report on Monday, November 17th. Morgan Stanley upped their price target on Aramark from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. UBS Group reaffirmed a “buy” rating on shares of Aramark in a research report on Tuesday, January 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Aramark in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.83.
Check Out Our Latest Stock Analysis on ARMK
Aramark Company Profile
Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.
Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.
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