Guggenheim Capital LLC Has $215,000 Holdings in Aramark (NYSE:ARMK)

Guggenheim Capital LLC cut its holdings in Aramark (NYSE:ARMK) by 32.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,759 shares of the company’s stock after selling 2,774 shares during the quarter. Guggenheim Capital LLC’s holdings in Aramark were worth $215,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ARMK. Massachusetts Financial Services Co. MA lifted its stake in Aramark by 63.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 13,593,734 shares of the company’s stock valued at $507,182,000 after buying an additional 5,263,817 shares during the period. Norges Bank bought a new stake in Aramark during the fourth quarter worth $88,949,000. Franklin Resources Inc. grew its holdings in Aramark by 29.5% during the fourth quarter. Franklin Resources Inc. now owns 8,511,152 shares of the company’s stock worth $317,551,000 after buying an additional 1,940,214 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Aramark during the fourth quarter worth $10,324,000. Finally, Invesco Ltd. grew its holdings in Aramark by 24.6% during the fourth quarter. Invesco Ltd. now owns 1,163,577 shares of the company’s stock worth $43,413,000 after buying an additional 229,926 shares in the last quarter.

Analyst Ratings Changes

ARMK has been the subject of several recent research reports. Citigroup initiated coverage on Aramark in a report on Monday, February 24th. They set a “buy” rating and a $48.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and issued a $47.00 price objective on shares of Aramark in a research note on Thursday, February 6th. StockNews.com downgraded Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, UBS Group reduced their price objective on Aramark from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.08.

Aramark Stock Up 0.3 %

Shares of NYSE ARMK opened at $33.02 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. The company has a market cap of $8.75 billion, a P/E ratio of 26.00 and a beta of 1.37. Aramark has a 52 week low of $29.82 and a 52 week high of $42.49. The business has a 50-day simple moving average of $34.19 and a two-hundred day simple moving average of $37.10.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Aramark had a net margin of 1.94% and a return on equity of 14.72%. Aramark’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 earnings per share. Research analysts anticipate that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark 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.