Aramark (NYSE:ARMK) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its holdings in Aramark (NYSE:ARMK) by 31.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,323 shares of the company’s stock after selling 2,916 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Aramark were worth $245,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ARMK. Riverwater Partners LLC raised its position in shares of Aramark by 65.2% during the 3rd quarter. Riverwater Partners LLC now owns 24,856 shares of the company’s stock valued at $950,000 after acquiring an additional 9,813 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Aramark by 601.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 50,697 shares of the company’s stock worth $1,963,000 after acquiring an additional 43,469 shares during the last quarter. Cadent Capital Advisors LLC grew its holdings in shares of Aramark by 4.7% during the third 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. Raymond James & Associates lifted its holdings in shares of Aramark by 471.6% in the 3rd quarter. Raymond James & Associates now owns 97,328 shares of the company’s stock worth $3,770,000 after purchasing an additional 80,300 shares during the last quarter. Finally, Friedenthal Financial bought a new position in Aramark during the 3rd quarter worth $52,000.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley upped their price objective on shares of Aramark from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Monday, September 9th. Truist Financial upped their price target 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. Robert W. Baird upped their target price on Aramark from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded Aramark from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.35.

Aramark Trading Down 1.1 %

Shares of NYSE ARMK opened at $38.67 on Tuesday. The business has a 50 day simple moving average of $38.11 and a 200 day simple moving average of $35.06. Aramark has a 52 week low of $25.92 and a 52 week high of $42.04. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 29.53 and a beta of 1.62. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 0.96.

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.