Daiwa Securities Group Inc. Sells 14,195 Shares of Aramark (NYSE:ARMK)

Daiwa Securities Group Inc. decreased its position in Aramark (NYSE:ARMK) by 42.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 19,108 shares of the company’s stock after selling 14,195 shares during the period. Daiwa Securities Group Inc.’s holdings in Aramark were worth $537,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ARMK. JPMorgan Chase & Co. boosted its holdings in Aramark by 60.3% during the third quarter. JPMorgan Chase & Co. now owns 3,969,594 shares of the company’s stock worth $137,745,000 after purchasing an additional 1,492,542 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Aramark by 454.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 798,367 shares of the company’s stock worth $27,703,000 after buying an additional 654,300 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Aramark by 82.6% during the 3rd quarter. Invesco Ltd. now owns 961,603 shares of the company’s stock worth $33,368,000 after buying an additional 434,842 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of Aramark by 188.8% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 453,565 shares of the company’s stock valued at $15,739,000 after acquiring an additional 296,493 shares in the last quarter. Finally, Mirabella Financial Services LLP acquired a new stake in shares of Aramark in the third quarter valued at about $9,845,000.

Aramark Stock Performance

ARMK opened at $32.34 on Friday. 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 has a fifty day simple moving average of $31.53 and a 200 day simple moving average of $29.19. Aramark has a 1 year low of $23.95 and a 1 year high of $33.04. The company has a market capitalization of $8.49 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 1.29 and a beta of 1.48.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Aramark had a net margin of 3.37% and a return on equity of 13.45%. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. Aramark’s quarterly revenue was up 12.6% on a year-over-year basis. Research analysts expect that Aramark will post 1.56 EPS for the current year.

Aramark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a $0.095 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.18%. Aramark’s payout ratio is 15.90%.

Analyst Upgrades and Downgrades

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

Aramark 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.