Crossmark Global Holdings Inc. Has $617,000 Stock Position in Aramark (NYSE:ARMK)

Crossmark Global Holdings Inc. reduced its position in shares of Aramark (NYSE:ARMK) by 3.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,928 shares of the company’s stock after selling 586 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Aramark were worth $617,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Capital International Investors lifted its stake in Aramark by 0.4% in the first quarter. Capital International Investors now owns 23,712,814 shares of the company’s stock valued at $771,141,000 after buying an additional 98,506 shares during the period. Farallon Capital Management LLC raised its position in shares of Aramark by 5.5% in the 1st quarter. Farallon Capital Management LLC now owns 17,822,937 shares of the company’s stock valued at $579,602,000 after acquiring an additional 923,683 shares during the period. Janus Henderson Group PLC boosted its stake in Aramark by 5.4% during the 1st quarter. Janus Henderson Group PLC now owns 13,391,832 shares of the company’s stock worth $435,501,000 after acquiring an additional 681,735 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Aramark by 18.0% in 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, Millennium Management LLC raised its holdings in Aramark by 822.3% in the second quarter. Millennium Management LLC now owns 1,677,629 shares of the company’s stock worth $57,073,000 after purchasing an additional 1,495,737 shares during the period.

Aramark Price Performance

Shares of NYSE ARMK opened at $37.36 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.81 and a quick ratio of 0.86. The business has a 50-day moving average of $38.27 and a 200-day moving average of $35.20. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 37.74 and a beta of 1.62. Aramark has a fifty-two week low of $26.58 and a fifty-two week high of $42.04.

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

Aramark Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be given a $0.001 dividend. This represents a $0.00 dividend on an annualized basis and a dividend yield of 0.01%. The ex-dividend date of this dividend is Monday, December 2nd. Aramark’s dividend payout ratio (DPR) is presently 38.38%.

Analyst Ratings Changes

A number of analysts recently commented on ARMK shares. StockNews.com upgraded shares of Aramark from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised Aramark from a “hold” rating to a “buy” rating and raised their price target for the stock from $36.00 to $39.00 in a research report on Wednesday, August 7th. Bank of America boosted their price objective on Aramark from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Truist Financial raised their target price on shares of Aramark from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada raised shares of Aramark from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $36.00 to $42.50 in a research report on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Aramark has a consensus rating of “Moderate Buy” and a consensus price target of $42.23.

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.