AlphaQuest LLC Cuts Stock Holdings in Aramark $ARMK

AlphaQuest LLC decreased its holdings in shares of Aramark (NYSE:ARMK) by 32.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,643 shares of the company’s stock after selling 7,357 shares during the quarter. AlphaQuest LLC’s holdings in Aramark were worth $655,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ARMK. Massachusetts Financial Services Co. MA grew its holdings in shares of Aramark by 29.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 17,605,896 shares of the company’s stock worth $607,756,000 after purchasing an additional 4,012,162 shares in the last quarter. Fiduciary Management Inc. WI grew its holdings in shares of Aramark by 13.8% during the first quarter. Fiduciary Management Inc. WI now owns 13,037,630 shares of the company’s stock worth $450,059,000 after purchasing an additional 1,582,890 shares in the last quarter. Junto Capital Management LP purchased a new position in shares of Aramark during the first quarter worth about $46,499,000. Nuveen LLC purchased a new position in shares of Aramark during the first quarter worth about $37,476,000. Finally, Egerton Capital UK LLP grew its holdings in shares of Aramark by 79.0% during the first quarter. Egerton Capital UK LLP now owns 2,075,126 shares of the company’s stock worth $71,633,000 after purchasing an additional 916,054 shares in the last quarter.

Aramark Stock Performance

NYSE:ARMK opened at $40.10 on Tuesday. The firm has a market cap of $10.54 billion, a PE ratio of 29.70 and a beta of 1.21. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29. The business has a 50 day moving average price of $38.86 and a 200-day moving average price of $39.17.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.66 billion. Aramark had a return on equity of 15.67% and a net margin of 2.02%.The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. Equities research analysts predict that Aramark will post 1.92 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on ARMK. Morgan Stanley upped their target price on Aramark from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, June 30th. Robert W. Baird raised Aramark from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $43.00 to $47.00 in a research note on Wednesday, August 6th. Baird R W raised Aramark from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aramark in a research note on Tuesday, October 14th. Finally, Wall Street Zen lowered Aramark from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Aramark currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.88.

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.