Levin Capital Strategies L.P. Has $703,000 Position in Aramark $ARMK

Levin Capital Strategies L.P. increased its stake in shares of Aramark (NYSE:ARMK) by 42.4% in the second quarter, Holdings Channel reports. The firm owned 16,800 shares of the company’s stock after buying an additional 5,000 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Aramark were worth $703,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC grew its stake in shares of Aramark by 4.0% during the second quarter. GAMMA Investing LLC now owns 6,619 shares of the company’s stock worth $277,000 after purchasing an additional 255 shares during the period. Great Lakes Advisors LLC grew its stake in shares of Aramark by 4.3% during the first quarter. Great Lakes Advisors LLC now owns 9,267 shares of the company’s stock worth $320,000 after purchasing an additional 378 shares during the period. Xponance Inc. grew its stake in shares of Aramark by 1.5% during the first quarter. Xponance Inc. now owns 31,209 shares of the company’s stock worth $1,077,000 after purchasing an additional 451 shares during the period. Parallel Advisors LLC grew its stake in shares of Aramark by 160.7% during the second quarter. Parallel Advisors LLC now owns 1,100 shares of the company’s stock worth $46,000 after purchasing an additional 678 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Aramark by 241.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,116 shares of the company’s stock worth $47,000 after purchasing an additional 789 shares during the period.

Aramark Stock Down 0.8%

ARMK stock opened at $37.59 on Tuesday. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.29 and a quick ratio of 1.14. The stock has a market capitalization of $9.88 billion, a P/E ratio of 27.84 and a beta of 1.21. The business has a 50-day moving average of $38.74 and a 200-day moving average of $39.42. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.66 billion. Aramark had a return on equity of 15.67% and a net margin of 2.02%.Aramark’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. On average, sell-side analysts anticipate that Aramark will post 1.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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