Sigma Planning Corp Sells 828 Shares of Aramark (NYSE:ARMK)

Sigma Planning Corp lowered its holdings in shares of Aramark (NYSE:ARMK) by 9.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,356 shares of the company’s stock after selling 828 shares during the quarter. Sigma Planning Corp’s holdings in Aramark were worth $235,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ARMK. CWM LLC lifted its position in Aramark by 67.0% during the third quarter. CWM LLC now owns 1,196 shares of the company’s stock valued at $42,000 after purchasing an additional 480 shares during the last quarter. Handelsbanken Fonder AB lifted its position in Aramark by 51.1% during the third quarter. Handelsbanken Fonder AB now owns 53,500 shares of the company’s stock valued at $1,856,000 after purchasing an additional 18,100 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Aramark by 18.2% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 79,388 shares of the company’s stock valued at $2,755,000 after purchasing an additional 12,200 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Aramark by 36.1% in the 3rd quarter. Raymond James & Associates now owns 18,098 shares of the company’s stock worth $628,000 after acquiring an additional 4,805 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of Aramark by 8.4% in the 3rd quarter. New York State Teachers Retirement System now owns 114,327 shares of the company’s stock worth $3,967,000 after acquiring an additional 8,891 shares during the last quarter.

Aramark Trading Up 0.1 %

NYSE ARMK opened at $32.35 on Monday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.12 and a current ratio of 1.27. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 1.30 and a beta of 1.48. The company’s 50-day simple moving average is $31.56 and its two-hundred day simple moving average is $29.29. Aramark has a one year low of $23.95 and a one year high of $33.04.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, February 6th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $4.41 billion for 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 for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. Equities analysts forecast that Aramark will post 1.56 EPS for the current fiscal year.

Aramark Announces Dividend

The firm 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. This represents a $0.38 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Tuesday, February 13th. Aramark’s dividend payout ratio (DPR) is 15.90%.

Analyst Ratings Changes

ARMK has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on shares of Aramark in a report on Wednesday, January 17th. They issued a “buy” rating and a $33.00 target price for the company. Truist Financial raised their target price on shares of Aramark from $35.00 to $37.00 and gave the stock 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, Morgan Stanley raised their target price on shares of Aramark from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, Aramark currently has a consensus rating of “Moderate Buy” and an average target price of $33.04.

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.