iA Global Asset Management Inc. Reduces Holdings in Aramark $ARMK

iA Global Asset Management Inc. trimmed its stake in shares of Aramark (NYSE:ARMK) by 31.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 686,279 shares of the company’s stock after selling 317,302 shares during the quarter. iA Global Asset Management Inc. owned 0.26% of Aramark worth $28,735,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbour Investments Inc. raised its stake in shares of 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 purchasing an additional 815 shares during the period. Parallel Advisors LLC raised its stake 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 purchasing an additional 678 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake 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 purchasing an additional 789 shares during the period. Bayforest Capital Ltd bought a new stake in shares of Aramark during the 2nd quarter valued at $51,000. Finally, Hantz Financial Services Inc. raised its stake 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 purchasing an additional 1,204 shares during the period.

Wall Street Analyst Weigh In

ARMK has been the topic of a number of research analyst reports. UBS Group decreased their target price on Aramark from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Baird R W upgraded Aramark from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Wall Street Zen lowered Aramark from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Aramark in a research note on Tuesday, October 14th. Finally, Robert W. Baird upgraded Aramark from a “neutral” rating to an “outperform” rating and upped their target price for the stock 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 issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Aramark currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.88.

Aramark Price Performance

Shares of Aramark stock opened at $37.88 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $9.96 billion, a PE ratio of 28.06 and a beta of 1.21. The business’s 50-day moving average price is $38.78 and its 200-day moving average price is $39.33. Aramark has a 12 month low of $29.92 and a 12 month high of $44.49.

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

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.