23,291 Aramark $ARMK Shares Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. increased its holdings in Aramark (NYSE:ARMK) by 56.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,599 shares of the company’s stock after acquiring an additional 23,291 shares during the quarter. Machina Capital S.A.S.’s holdings in Aramark were worth $3,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Lido Advisors LLC grew its holdings in Aramark by 140.8% in the third quarter. Lido Advisors LLC now owns 15,969 shares of the company’s stock worth $855,000 after purchasing an additional 9,336 shares during the period. New York Life Investment Management LLC increased its stake in shares of Aramark by 17.8% during the third quarter. New York Life Investment Management LLC now owns 37,580 shares of the company’s stock valued at $2,012,000 after purchasing an additional 5,670 shares in the last quarter. AlphaCore Capital LLC lifted its holdings in shares of Aramark by 29.7% during the third quarter. AlphaCore Capital LLC now owns 9,624 shares of the company’s stock valued at $515,000 after purchasing an additional 2,205 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Aramark by 33.9% during the third quarter. Retirement Systems of Alabama now owns 364,072 shares of the company’s stock valued at $19,496,000 after purchasing an additional 92,103 shares during the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of Aramark by 4.9% during the third quarter. Brighton Jones LLC now owns 34,649 shares of the company’s stock valued at $1,855,000 after purchasing an additional 1,630 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ARMK. Weiss Ratings raised Aramark from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 15th. Royal Bank Of Canada raised their price objective on Aramark from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. New Street Research set a $70.00 price objective on Aramark in a research note on Thursday, August 13th. JPMorgan Chase & Co. lifted their price objective on Aramark from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Finally, Zacks Research downgraded Aramark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 3rd. Thirteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Aramark has an average rating of “Moderate Buy” and an average price target of $68.82.

Aramark Stock Down 0.5%

NYSE:ARMK opened at $53.92 on Thursday. The firm has a market cap of $14.22 billion, a P/E ratio of 37.71, a P/E/G ratio of 0.80 and a beta of 1.10. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $62.65. The firm has a 50-day simple moving average of $55.30 and a two-hundred day simple moving average of $50.60.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same period in the previous year, the company earned $0.40 earnings per share. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts predict that Aramark will post 2.27 earnings per share for the current fiscal year.

About Aramark

Aramark provides food and facilities management services to organizations around the world. Its clients include schools and universities, hospitals and other healthcare providers, businesses, sports and entertainment venues, and correctional institutions. The company plans and operates dining programs, including meal preparation, catering, concessions, and retail food services. It also provides facilities services such as maintenance, cleaning, and related operational support tailored to client needs.