Souders Financial Advisors Has $945,000 Holdings in Aramark $ARMK

Souders Financial Advisors lowered its position in shares of Aramark (NYSE:ARMK) by 37.0% during the second quarter, Holdings Channel reports. The fund owned 22,574 shares of the company’s stock after selling 13,255 shares during the quarter. Souders Financial Advisors’ holdings in Aramark were worth $945,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ARMK. Massachusetts Financial Services Co. MA raised its holdings in shares of Aramark by 29.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 17,605,896 shares of the company’s stock valued at $607,756,000 after acquiring an additional 4,012,162 shares during the period. Fiduciary Management Inc. WI raised its holdings in shares of Aramark by 13.8% during the first quarter. Fiduciary Management Inc. WI now owns 13,037,630 shares of the company’s stock valued at $450,059,000 after acquiring an additional 1,582,890 shares during the period. Junto Capital Management LP acquired a new stake in shares of Aramark during the first quarter valued at approximately $46,499,000. Nuveen LLC acquired a new stake in shares of Aramark during the first quarter valued at approximately $37,476,000. Finally, Egerton Capital UK LLP raised its holdings in shares of Aramark by 79.0% during the first quarter. Egerton Capital UK LLP now owns 2,075,126 shares of the company’s stock valued at $71,633,000 after acquiring an additional 916,054 shares during the period.

Aramark Stock Performance

ARMK stock opened at $37.71 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $9.91 billion, a price-to-earnings ratio of 27.93 and a beta of 1.24. Aramark has a 12 month low of $29.92 and a 12 month high of $44.49. The firm has a 50 day moving average of $38.67 and a two-hundred day moving average of $39.45.

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

Analyst Ratings Changes

A number of research analysts recently commented on ARMK shares. Robert W. Baird raised shares of Aramark from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $43.00 to $47.00 in a research report on Wednesday, August 6th. UBS Group lowered their price objective on shares of Aramark from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aramark in a research report on Tuesday, October 14th. Baird R W raised shares of Aramark from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen downgraded shares of Aramark from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Aramark currently has an average rating of “Moderate Buy” and a consensus price target of $45.88.

About Aramark

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.