Aramark $ARMK Position Trimmed by Amalgamated Bank

Amalgamated Bank lessened its holdings in shares of Aramark (NYSE:ARMK) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,954 shares of the company’s stock after selling 1,420 shares during the quarter. Amalgamated Bank’s holdings in Aramark were worth $5,064,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Harbour Investments Inc. grew its stake in Aramark by 40,750.0% during the 1st quarter. Harbour Investments Inc. now owns 817 shares of the company’s stock valued at $28,000 after acquiring an additional 815 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Aramark by 160.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,100 shares of the company’s stock valued at $46,000 after buying an additional 678 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Aramark by 241.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,116 shares of the company’s stock valued at $47,000 after buying an additional 789 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Aramark during the 2nd quarter valued at about $51,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Aramark by 1,323.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,295 shares of the company’s stock valued at $54,000 after buying an additional 1,204 shares during the last quarter.

Aramark Stock Down 2.3%

ARMK opened at $37.88 on Friday. The business has a 50 day moving average price of $38.78 and a 200 day moving average price of $39.33. Aramark has a twelve month low of $29.92 and a twelve month 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 firm has a market cap of $9.96 billion, a P/E ratio of 28.06 and a beta of 1.21.

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

Analyst Ratings Changes

ARMK has been the subject of several research reports. Wall Street Zen lowered Aramark from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Robert W. Baird upgraded Aramark from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $47.00 in a report on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Aramark in a report on Tuesday, October 14th. UBS Group reduced their price target on Aramark from $46.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, October 1st. Finally, Baird R W upgraded Aramark from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.