Aramark $ARMK Shares Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. grew its holdings in Aramark (NYSE:ARMK) by 56.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,599 shares of the company’s stock after purchasing an additional 23,291 shares during the period. Machina Capital S.A.S.’s holdings in Aramark were worth $3,459,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ARMK. BlackRock Inc. bought a new position in shares of Aramark during the second quarter valued at $1,411,586,000. Jupiter Topco LLC purchased a new stake in shares of Aramark during the second quarter valued at $1,041,407,000. Bank of New York Mellon Corp purchased a new stake in shares of Aramark during the second quarter valued at $140,853,000. Bank of America Corp DE bought a new stake in Aramark in the 2nd quarter worth about $137,742,000. Finally, PointState Capital LP bought a new stake in Aramark in the 2nd quarter worth about $135,077,000.

Aramark Price Performance

NYSE ARMK opened at $53.92 on Thursday. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 0.80 and a beta of 1.10. Aramark has a 1-year low of $35.07 and a 1-year high of $62.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14. The business’s fifty day moving average price is $55.30 and its 200-day moving average price is $50.60.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. Aramark had a return on equity of 17.68% and a net margin of 1.93%. The company had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. Aramark’s revenue was up 9.3% compared to the same quarter last year. On average, equities analysts predict that Aramark will post 2.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ARMK. Citigroup boosted their target price on Aramark from $74.00 to $75.50 and gave the stock a “buy” rating in a research report on Monday, October 12th. Deutsche Bank reaffirmed a “buy” rating and set a $74.00 price target on shares of Aramark in a report on Wednesday, August 12th. Robert W. Baird lifted their price target on shares of Aramark from $63.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Truist Financial lifted their price target on shares of Aramark from $58.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, Weiss Ratings raised shares of Aramark from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 15th. Thirteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.82.

Aramark Profile

Aramark provides food and facilities management services to organizations around the world. Its clients include schools and universities, hospitals and other healthcare providers, businesses, sports and entertainment venues, and correctional institutions. The company plans and operates dining programs, including meal preparation, catering, concessions, and retail food services. It also provides facilities services such as maintenance, cleaning, and related operational support tailored to client needs.