Danica Pension Livsforsikringsaktieselskab purchased a new stake in Aramark (NYSE:ARMK – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 271,955 shares of the company’s stock, valued at approximately $10,443,000. Danica Pension Livsforsikringsaktieselskab owned 0.10% of Aramark as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Aramark in the third quarter worth about $28,000. Quarry LP purchased a new stake in shares of Aramark in the 3rd quarter valued at approximately $35,000. Osterweis Capital Management Inc. acquired a new position in Aramark in the 2nd quarter worth approximately $40,000. Clearstead Advisors LLC grew its position in Aramark by 241.8% during the 3rd quarter. Clearstead Advisors LLC now owns 1,545 shares of the company’s stock worth $59,000 after purchasing an additional 1,093 shares in the last quarter. Finally, Rothschild Investment LLC raised its stake in Aramark by 3,892.3% during the 3rd quarter. Rothschild Investment LLC now owns 1,557 shares of the company’s stock valued at $60,000 after purchasing an additional 1,518 shares during the period.
Aramark Trading Up 1.1%
NYSE ARMK opened at $40.90 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 1.94. Aramark has a 1-year low of $29.92 and a 1-year high of $44.49. The firm’s fifty day simple moving average is $39.67 and its 200-day simple moving average is $38.66. The company has a market capitalization of $10.75 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 0.98 and a beta of 1.06.
Aramark Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were issued a $0.12 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. Aramark’s dividend payout ratio is currently 40.34%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on ARMK. Bank of America began coverage on Aramark in a research report on Tuesday, February 17th. They issued a “buy” rating and a $50.00 target price for the company. Robert W. Baird set a $50.00 price target on Aramark in a research report on Wednesday, February 11th. UBS Group set a $47.00 price objective on Aramark and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Citigroup lifted their target price on Aramark from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Morgan Stanley set a $45.00 target price on Aramark in a report on Tuesday, February 10th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Aramark currently has an average rating of “Moderate Buy” and a consensus price target of $48.38.
Check Out Our Latest Stock Analysis on ARMK
Aramark Profile
Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.
Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.
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