Banco Santander S.A. Lowers Position in Aramark $ARMK

Banco Santander S.A. decreased its position in shares of Aramark (NYSE:ARMK) by 42.7% during the second quarter, HoldingsChannel reports. The firm owned 176,578 shares of the company’s stock after selling 131,780 shares during the period. Banco Santander S.A.’s holdings in Aramark were worth $7,393,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its position in Aramark by 1.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,504 shares of the company’s stock valued at $915,000 after purchasing an additional 438 shares in the last quarter. GAMMA Investing LLC raised its position in Aramark by 48.1% during the first quarter. GAMMA Investing LLC now owns 6,364 shares of the company’s stock valued at $220,000 after purchasing an additional 2,067 shares in the last quarter. Voya Investment Management LLC raised its position in Aramark by 27.3% during the first quarter. Voya Investment Management LLC now owns 116,601 shares of the company’s stock valued at $4,025,000 after purchasing an additional 24,984 shares in the last quarter. Focus Partners Wealth raised its position in Aramark by 1.1% during the first quarter. Focus Partners Wealth now owns 619,386 shares of the company’s stock valued at $21,381,000 after purchasing an additional 6,702 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in Aramark by 83.2% during the first quarter. Bessemer Group Inc. now owns 1,411 shares of the company’s stock valued at $49,000 after purchasing an additional 641 shares in the last quarter.

Aramark Stock Up 0.3%

NYSE ARMK opened at $40.10 on Tuesday. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.29 and a quick ratio of 1.14. The stock has a market capitalization of $10.54 billion, a PE ratio of 29.70 and a beta of 1.21. Aramark has a 1 year low of $29.92 and a 1 year high of $44.49. The business’s 50-day moving average is $38.86 and its 200 day moving average is $39.17.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.66 billion. Aramark had a return on equity of 15.67% and a net margin of 2.02%.Aramark’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. Sell-side analysts forecast that Aramark will post 1.92 earnings per share for the current year.

Analysts Set New Price Targets

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

About Aramark

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.