Oak Thistle LLC Sells 7,140 Shares of Aramark (NYSE:ARMK)

Oak Thistle LLC lessened its holdings in Aramark (NYSE:ARMK) by 27.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,586 shares of the company’s stock after selling 7,140 shares during the period. Oak Thistle LLC’s holdings in Aramark were worth $693,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. CIBC Asset Management Inc lifted its position in shares of Aramark by 3.6% in the third quarter. CIBC Asset Management Inc now owns 7,621 shares of the company’s stock worth $295,000 after buying an additional 265 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in Aramark by 0.4% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 69,987 shares of the company’s stock worth $2,381,000 after purchasing an additional 310 shares during the last quarter. Huntington National Bank boosted its position in Aramark by 100.3% during the third quarter. Huntington National Bank now owns 681 shares of the company’s stock worth $26,000 after purchasing an additional 341 shares during the period. Cadent Capital Advisors LLC grew its holdings in Aramark by 4.7% during the third quarter. Cadent Capital Advisors LLC now owns 7,711 shares of the company’s stock valued at $299,000 after purchasing an additional 349 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Aramark by 2.5% in the third quarter. HighTower Advisors LLC now owns 16,504 shares of the company’s stock valued at $643,000 after purchasing an additional 395 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ARMK shares. StockNews.com downgraded shares of Aramark from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. UBS Group raised their price target on Aramark from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley boosted their price objective on Aramark from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on Aramark from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Finally, Truist Financial upped their price target on Aramark from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $42.59.

Aramark Stock Performance

Shares of NYSE ARMK opened at $39.31 on Thursday. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 39.71 and a beta of 1.64. Aramark has a one year low of $28.30 and a one year high of $42.49. The business has a fifty day simple moving average of $38.82 and a 200 day simple moving average of $37.10. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.42.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. Aramark had a net margin of 1.51% and a return on equity of 14.06%. The company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter in the prior year, the company posted $0.64 EPS. The business’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts expect that Aramark will post 1.92 EPS for the current year.

Aramark Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.001 per share. This represents a $0.00 dividend on an annualized basis and a yield of 0.01%. The ex-dividend date of this dividend was Monday, December 2nd. Aramark’s dividend payout ratio is 42.42%.

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.