Pathstone Holdings LLC Lowers Holdings in Aramark (NYSE:ARMK)

Pathstone Holdings LLC lowered its holdings in Aramark (NYSE:ARMK) by 74.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,480 shares of the company’s stock after selling 176,749 shares during the quarter. Pathstone Holdings LLC’s holdings in Aramark were worth $2,381,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ARMK. CIBC Asset Management Inc increased its position in shares of Aramark by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 7,621 shares of the company’s stock worth $295,000 after purchasing an additional 265 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Aramark by 0.4% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 69,987 shares of the company’s stock worth $2,381,000 after acquiring an additional 310 shares during the last quarter. Huntington National Bank boosted its position in shares of Aramark by 100.3% during the 3rd quarter. Huntington National Bank now owns 681 shares of the company’s stock worth $26,000 after purchasing an additional 341 shares during the period. Cadent Capital Advisors LLC increased its holdings in Aramark by 4.7% in the 3rd quarter. Cadent Capital Advisors LLC now owns 7,711 shares of the company’s stock valued at $299,000 after purchasing an additional 349 shares during the last quarter. Finally, UMB Bank n.a. raised its position 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 purchasing an additional 605 shares during the period.

Aramark Trading Up 2.4 %

NYSE:ARMK opened at $41.83 on Tuesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.72 and a current ratio of 0.81. Aramark has a 1 year low of $26.58 and a 1 year high of $42.04. The stock has a market cap of $11.04 billion, a P/E ratio of 42.25 and a beta of 1.62. The stock has a 50-day simple moving average of $38.39 and a 200-day simple moving average of $35.56.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.64 earnings per share. As a group, analysts anticipate that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be paid a $0.001 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.00 annualized dividend and a yield of 0.01%. Aramark’s dividend payout ratio is presently 42.42%.

Wall Street Analysts Forecast Growth

ARMK has been the subject of a number of research reports. Robert W. Baird lifted their price objective on Aramark from $38.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. UBS Group boosted their price target on shares of Aramark from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. StockNews.com raised shares of Aramark from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Stifel Nicolaus upped their target price on shares of Aramark from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group raised their price target on shares of Aramark from $38.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Aramark currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.23.

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.