Aramark $ARMK Shares Sold by Comerica Bank

Comerica Bank cut its stake in Aramark (NYSE:ARMK) by 35.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 65,227 shares of the company’s stock after selling 35,485 shares during the period. Comerica Bank’s holdings in Aramark were worth $2,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in Aramark in the third quarter worth $28,000. Quarry LP bought a new stake in shares of Aramark during the third quarter valued at about $35,000. Osterweis Capital Management Inc. acquired a new stake in Aramark in the second quarter worth about $40,000. True Wealth Design LLC grew its position in Aramark by 254.5% in the 4th quarter. True Wealth Design LLC now owns 1,308 shares of the company’s stock valued at $48,000 after buying an additional 939 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Aramark by 8,753.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,328 shares of the company’s stock valued at $51,000 after buying an additional 1,313 shares in the last quarter.

Aramark Stock Performance

ARMK opened at $45.25 on Wednesday. Aramark has a 12-month low of $33.71 and a 12-month high of $46.88. The firm has a market capitalization of $11.89 billion, a P/E ratio of 38.03, a price-to-earnings-growth ratio of 1.09 and a beta of 1.08. The stock’s 50 day moving average price is $42.23 and its two-hundred day moving average price is $39.70. The company has a quick ratio of 1.13, a current ratio of 1.27 and a debt-to-equity ratio of 1.94.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.76 billion. Aramark had a return on equity of 16.15% and a net margin of 1.69%.Aramark’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities analysts forecast that Aramark will post 2.22 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ARMK. Stifel Nicolaus upped their price target on shares of Aramark from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Citigroup raised their price objective on shares of Aramark from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Oppenheimer upped their target price on Aramark from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Morgan Stanley set a $45.00 price target on shares of Aramark in a research report on Tuesday, February 10th. Finally, Bank of America started coverage on shares of Aramark in a research note on Tuesday, February 17th. They set a “buy” rating and a $50.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $48.67.

About Aramark

Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.

Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.