Leeward Investments LLC MA Sells 55,323 Shares of Aramark (NYSE:ARMK)

Leeward Investments LLC MA lowered its stake in Aramark (NYSE:ARMK) by 20.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 216,952 shares of the company’s stock after selling 55,323 shares during the quarter. Leeward Investments LLC MA’s holdings in Aramark were worth $8,376,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ARMK. UMB Bank n.a. lifted its stake in Aramark by 360.1% in the third quarter. UMB Bank n.a. now owns 773 shares of the company’s stock valued at $30,000 after buying an additional 605 shares in the last quarter. Twin Tree Management LP lifted its stake in Aramark by 32.0% in the first quarter. Twin Tree Management LP now owns 1,424 shares of the company’s stock valued at $46,000 after buying an additional 345 shares in the last quarter. Friedenthal Financial bought a new position in Aramark in the third quarter valued at approximately $52,000. GAMMA Investing LLC lifted its stake in Aramark by 319.3% in the second quarter. GAMMA Investing LLC now owns 1,677 shares of the company’s stock valued at $57,000 after buying an additional 1,277 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Aramark by 44,750.0% in the second quarter. Versant Capital Management Inc now owns 1,794 shares of the company’s stock valued at $61,000 after buying an additional 1,790 shares in the last quarter.

Analyst Ratings Changes

ARMK has been the topic of a number of research reports. StockNews.com raised shares of Aramark from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Robert W. Baird boosted their price objective on shares of Aramark from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Morgan Stanley boosted their price objective on shares of Aramark from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, September 9th. Royal Bank of Canada raised shares of Aramark from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $36.00 to $42.50 in a research report on Tuesday, September 17th. Finally, Truist Financial boosted their price objective on shares of Aramark from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.35.

Aramark Price Performance

NYSE:ARMK opened at $38.96 on Friday. Aramark has a one year low of $25.92 and a one year high of $39.99. The company has a market cap of $10.26 billion, a P/E ratio of 29.74 and a beta of 1.62. The firm’s fifty day moving average price is $38.06 and its two-hundred day moving average price is $34.97. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.96 and a quick ratio of 0.86.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. Aramark had a net margin of 1.93% and a return on equity of 14.09%. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the previous year, the company earned $0.36 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Equities analysts expect that Aramark will post 1.55 earnings per share for the current year.

Aramark Company 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.