Allspring Global Investments Holdings LLC Has $126,000 Stock Position in Aramark (NYSE:ARMK)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Aramark (NYSE:ARMK) by 73.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,467 shares of the company’s stock after selling 12,506 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Aramark were worth $126,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Souders Financial Advisors grew its holdings in Aramark by 29.2% in the fourth quarter. Souders Financial Advisors now owns 96,412 shares of the company’s stock worth $2,709,000 after purchasing an additional 21,782 shares during the period. New York State Teachers Retirement System increased its position in Aramark by 24.1% in the 4th quarter. New York State Teachers Retirement System now owns 141,849 shares of the company’s stock valued at $3,986,000 after buying an additional 27,522 shares in the last quarter. Arizona State Retirement System raised its stake in Aramark by 2.6% during the 4th quarter. Arizona State Retirement System now owns 69,327 shares of the company’s stock worth $1,948,000 after buying an additional 1,783 shares during the period. Solstein Capital LLC bought a new position in Aramark in the fourth quarter worth approximately $47,000. Finally, Oak Thistle LLC acquired a new stake in Aramark in the fourth quarter valued at approximately $751,000.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley increased their target price on Aramark from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Truist Financial lifted their price objective on shares of Aramark from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Royal Bank of Canada restated a “sector perform” rating and issued a $33.00 target price on shares of Aramark in a report on Wednesday, February 7th. Finally, The Goldman Sachs Group initiated coverage on Aramark in a research note on Wednesday, January 17th. They set a “buy” rating and a $33.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Aramark presently has an average rating of “Moderate Buy” and a consensus price target of $33.04.

Aramark Stock Up 0.1 %

Shares of NYSE ARMK opened at $32.35 on Monday. The stock has a market capitalization of $8.49 billion, a PE ratio of 13.54, a P/E/G ratio of 1.30 and a beta of 1.48. Aramark has a one year low of $23.95 and a one year high of $33.04. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.27 and a quick ratio of 1.12. The business’s fifty day moving average price is $31.56 and its 200-day moving average price is $29.29.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, February 6th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.05. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.29 billion. Aramark had a net margin of 3.37% and a return on equity of 13.45%. The company’s revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. On average, equities research analysts anticipate that Aramark will post 1.56 EPS for the current year.

Aramark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.095 per share. The ex-dividend date was Tuesday, February 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.17%. Aramark’s dividend payout ratio is currently 15.90%.

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.