Rosenberg Matthew Hamilton Sells 463 Shares of Aramark (NYSE:ARMK)

Rosenberg Matthew Hamilton cut its stake in Aramark (NYSE:ARMK) by 8.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,754 shares of the company’s stock after selling 463 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Aramark were worth $177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in Aramark by 70.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,329,917 shares of the company’s stock worth $322,618,000 after buying an additional 3,430,131 shares during the period. Millennium Management LLC raised its position in shares of Aramark by 822.3% in the 2nd quarter. Millennium Management LLC now owns 1,677,629 shares of the company’s stock worth $57,073,000 after acquiring an additional 1,495,737 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Aramark by 6.0% in the 3rd quarter. Janus Henderson Group PLC now owns 15,714,443 shares of the company’s stock valued at $608,619,000 after purchasing an additional 896,288 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Aramark by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,731,963 shares of the company’s stock valued at $160,977,000 after purchasing an additional 720,738 shares in the last quarter. Finally, Point72 Europe London LLP purchased a new stake in Aramark in the third quarter worth $18,105,000.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ARMK shares. Robert W. Baird boosted their target price on shares of Aramark from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. The Goldman Sachs Group upped their price objective on shares of Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Truist Financial lifted their target price on shares of Aramark from $42.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus upped their price target on Aramark from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Morgan Stanley lifted their price objective on Aramark from $40.00 to $43.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Aramark currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.59.

Aramark Stock Performance

Shares of ARMK stock opened at $37.77 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.42. The company has a 50 day moving average price of $38.82 and a 200-day moving average price of $37.05. Aramark has a 52 week low of $28.30 and a 52 week high of $42.49. The firm has a market capitalization of $10.00 billion, a PE ratio of 38.15 and a beta of 1.64.

Aramark (NYSE:ARMK) last posted its earnings results on Monday, November 11th. The company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.46 billion. Aramark had a net margin of 1.51% and a return on equity of 14.06%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 EPS. As a group, equities research analysts expect that Aramark will post 1.92 earnings per share for the current year.

Aramark Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd were issued a $0.001 dividend. This represents a $0.00 dividend on an annualized basis and a yield of 0.01%. The ex-dividend date of this dividend was Monday, December 2nd. Aramark’s dividend payout ratio is 42.42%.

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.