Banco Santander S.A. Sells 367 Shares of Aramark (NYSE:ARMK)

Banco Santander S.A. cut its stake in Aramark (NYSE:ARMK) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 212,641 shares of the company’s stock after selling 367 shares during the quarter. Banco Santander S.A. owned 0.08% of Aramark worth $7,234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Industrial Alliance Investment Management Inc. increased its stake in Aramark by 3.3% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 10,660 shares of the company’s stock worth $347,000 after purchasing an additional 340 shares in the last quarter. Twin Tree Management LP increased its stake in Aramark by 32.0% during the 1st quarter. Twin Tree Management LP now owns 1,424 shares of the company’s stock worth $46,000 after purchasing an additional 345 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Aramark by 2.3% during the 1st quarter. Daiwa Securities Group Inc. now owns 19,540 shares of the company’s stock worth $635,000 after purchasing an additional 432 shares in the last quarter. M&T Bank Corp increased its stake in Aramark by 5.7% during the 4th quarter. M&T Bank Corp now owns 8,129 shares of the company’s stock worth $229,000 after purchasing an additional 442 shares in the last quarter. Finally, New York Life Investment Management LLC increased its stake in Aramark by 1.7% during the 4th quarter. New York Life Investment Management LLC now owns 28,127 shares of the company’s stock worth $790,000 after purchasing an additional 462 shares in the last quarter.

Aramark Trading Up 1.2 %

ARMK traded up $0.42 during trading on Thursday, hitting $36.09. The company’s stock had a trading volume of 1,264,728 shares, compared to its average volume of 2,271,988. Aramark has a twelve month low of $23.95 and a twelve month high of $36.55. The company has a quick ratio of 1.11, a current ratio of 1.25 and a debt-to-equity ratio of 2.03. The stock’s fifty day moving average price is $34.02 and its 200-day moving average price is $32.64. The firm has a market capitalization of $9.49 billion, a P/E ratio of 14.99, a PEG ratio of 1.77 and a beta of 1.59.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.31 billion. Aramark had a return on equity of 13.82% and a net margin of 3.43%. Aramark’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. Analysts anticipate that Aramark will post 1.57 EPS for the current year.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th will be issued a $0.095 dividend. The ex-dividend date is Monday, August 19th. This represents a $0.38 annualized dividend and a dividend yield of 1.05%. Aramark’s payout ratio is currently 15.97%.

Analysts Set New Price Targets

A number of research firms have weighed in on ARMK. Royal Bank of Canada upped their price target on Aramark from $33.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. Robert W. Baird upped their price target on Aramark from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Oppenheimer upped their price target on Aramark from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Truist Financial downgraded Aramark from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Bank of America upped their price target on Aramark from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Aramark currently has a consensus rating of “Moderate Buy” and an average price target of $35.82.

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.