10,810 Aramark $ARMK Shares Sold by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab decreased its stake in Aramark (NYSE:ARMK) by 8.0% in the third quarter, HoldingsChannel reports. The firm owned 124,364 shares of the company’s stock after selling 10,810 shares during the period. Danica Pension Livsforsikringsaktieselskab’s holdings in Aramark were worth $6,660,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ARMK. Reyes Financial Architecture Inc. purchased a new position in Aramark in the 3rd quarter worth about $29,000. Elevation Wealth Partners LLC raised its holdings in Aramark by 2,842.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock worth $35,000 after buying an additional 597 shares during the period. CX Institutional lifted its stake in Aramark by 76.1% during the third quarter. CX Institutional now owns 694 shares of the company’s stock valued at $37,000 after buying an additional 300 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Aramark during the second quarter valued at about $46,000. Finally, Parallel Advisors LLC boosted its holdings in shares of Aramark by 67.7% in the first quarter. Parallel Advisors LLC now owns 1,749 shares of the company’s stock worth $71,000 after buying an additional 706 shares during the period.

Aramark Stock Down 0.1%

Shares of ARMK traded down $0.04 during trading hours on Friday, hitting $53.84. 3,819,876 shares of the company were exchanged, compared to its average volume of 3,406,731. The firm’s 50 day moving average is $55.18 and its 200-day moving average is $50.75. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28. Aramark has a 52 week low of $35.07 and a 52 week high of $62.65. The company has a market cap of $14.19 billion, a PE ratio of 37.65, a PEG ratio of 0.79 and a beta of 1.10.

Analyst Upgrades and Downgrades

ARMK has been the topic of several analyst reports. Weiss Ratings downgraded shares of Aramark from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Morgan Stanley set a $63.00 price target on shares of Aramark in a research report on Tuesday, August 11th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Aramark in a research note on Wednesday, August 12th. JPMorgan Chase & Co. raised their price objective on Aramark from $55.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Finally, UBS Group cut their target price on shares of Aramark from $71.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.82.

About Aramark

Aramark provides food and facilities management services to organizations around the world. Its clients include schools and universities, hospitals and other healthcare providers, businesses, sports and entertainment venues, and correctional institutions. The company plans and operates dining programs, including meal preparation, catering, concessions, and retail food services. It also provides facilities services such as maintenance, cleaning, and related operational support tailored to client needs.