Janney Montgomery Scott LLC Trims Stake in Aramark $ARMK

Janney Montgomery Scott LLC reduced its position in shares of Aramark (NYSE:ARMK) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,513 shares of the company’s stock after selling 2,278 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Aramark were worth $1,487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of Aramark by 4.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,619 shares of the company’s stock valued at $277,000 after acquiring an additional 255 shares during the period. Great Lakes Advisors LLC increased its holdings in shares of Aramark by 4.3% in the 1st quarter. Great Lakes Advisors LLC now owns 9,267 shares of the company’s stock valued at $320,000 after acquiring an additional 378 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Aramark by 1.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,504 shares of the company’s stock valued at $915,000 after acquiring an additional 438 shares during the period. Xponance Inc. increased its holdings in shares of Aramark by 1.5% in the 1st quarter. Xponance Inc. now owns 31,209 shares of the company’s stock valued at $1,077,000 after acquiring an additional 451 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Aramark by 7.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,788 shares of the company’s stock valued at $253,000 after acquiring an additional 465 shares during the period.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ARMK. Baird R W upgraded Aramark from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Aramark in a report on Saturday, September 27th. Wall Street Zen downgraded Aramark from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group dropped their target price on Aramark from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Finally, Robert W. Baird upgraded Aramark from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $43.00 to $47.00 in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Aramark has a consensus rating of “Moderate Buy” and a consensus price target of $45.33.

Aramark Stock Down 1.4%

Shares of ARMK stock opened at $39.34 on Friday. The firm has a market capitalization of $10.34 billion, a PE ratio of 29.14 and a beta of 1.21. The stock’s 50-day simple moving average is $38.94 and its 200-day simple moving average is $38.63. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The business 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%.The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. Equities analysts expect that Aramark will post 1.92 earnings per share for the current year.

Aramark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, August 6th. Aramark’s payout ratio is 31.11%.

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.