Duality Advisers LP Sells 114,047 Shares of Aramark (NYSE:ARMK)

Duality Advisers LP lowered its stake in shares of Aramark (NYSE:ARMK) by 85.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,991 shares of the company’s stock after selling 114,047 shares during the quarter. Duality Advisers LP’s holdings in Aramark were worth $562,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ARMK. EverSource Wealth Advisors LLC increased its position in shares of Aramark by 2,269.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,161 shares of the company’s stock valued at $40,000 after purchasing an additional 1,112 shares during the last quarter. CWM LLC grew its position in Aramark by 67.0% in the 3rd quarter. CWM LLC now owns 1,196 shares of the company’s stock valued at $42,000 after acquiring an additional 480 shares during the last quarter. Solstein Capital LLC bought a new position in Aramark in the 4th quarter valued at $47,000. Fifth Third Bancorp grew its position in Aramark by 82.7% in the 4th quarter. Fifth Third Bancorp now owns 1,873 shares of the company’s stock valued at $53,000 after acquiring an additional 848 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in Aramark in the 3rd quarter valued at $213,000.

Aramark Trading Down 0.7 %

Shares of NYSE ARMK opened at $32.34 on Friday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.27 and a quick ratio of 1.12. The stock has a market capitalization of $8.49 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 1.29 and a beta of 1.48. Aramark has a 1-year low of $23.95 and a 1-year high of $33.04. The business has a fifty day moving average price of $31.53 and a 200 day moving average price of $29.19.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Aramark had a return on equity of 13.45% and a net margin of 3.37%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. Equities research analysts expect that Aramark will post 1.56 EPS for the current fiscal year.

Aramark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Tuesday, February 13th. Aramark’s dividend payout ratio (DPR) is presently 15.90%.

Analysts Set New Price Targets

ARMK has been the topic of several research analyst reports. The Goldman Sachs Group initiated coverage on Aramark in a research report on Wednesday, January 17th. They issued a “buy” rating and a $33.00 price objective on the stock. Morgan Stanley upped their price objective on Aramark from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $33.00 price objective on shares of Aramark in a research report on Wednesday, February 7th. Finally, Truist Financial upped their price objective on Aramark from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Aramark has a consensus rating of “Moderate Buy” and an average price target of $33.04.

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.