Lombard Odier Asset Management USA Corp Sells 4,926 Shares of Aramark (NYSE:ARMK)

Lombard Odier Asset Management USA Corp lowered its holdings in Aramark (NYSE:ARMK) by 9.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,641 shares of the company’s stock after selling 4,926 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Aramark were worth $1,519,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Aramark by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 25,584,242 shares of the company’s stock valued at $718,917,000 after acquiring an additional 139,693 shares during the period. Capital International Investors grew its position in shares of Aramark by 0.4% in the 1st quarter. Capital International Investors now owns 23,712,814 shares of the company’s stock valued at $771,141,000 after acquiring an additional 98,506 shares during the period. Farallon Capital Management LLC grew 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 grew its position in shares of Aramark by 5.4% in the 1st quarter. Janus Henderson Group PLC now owns 13,391,832 shares of the company’s stock valued at $435,501,000 after acquiring an additional 681,735 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Aramark by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,731,963 shares of the company’s stock worth $160,977,000 after buying an additional 720,738 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on ARMK shares. Oppenheimer raised their target price on shares of Aramark from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Bank of America raised their target price on shares of Aramark from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. UBS Group raised their target price on shares of Aramark from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Truist Financial raised their target price on shares of Aramark from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Aramark from a “hold” rating to a “buy” rating and raised their target price for the stock from $36.00 to $39.00 in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.36.

Aramark Stock Down 3.0 %

NYSE ARMK opened at $37.75 on Monday. The business has a fifty day moving average price of $35.43 and a two-hundred day moving average price of $33.46. 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 has a fifty-two week low of $23.95 and a fifty-two week high of $38.99. The stock has a market capitalization of $9.93 billion, a PE ratio of 15.86, a PEG ratio of 2.04 and a beta of 1.62.

Aramark (NYSE:ARMK) last released its earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. Aramark had a return on equity of 14.09% and a net margin of 1.93%. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same period in the prior 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 1.57 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Monday, August 19th. Aramark’s payout ratio is presently 15.97%.

About Aramark

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.