Stifel Financial Corp Has $2.31 Million Holdings in Aramark (NYSE:ARMK)

Stifel Financial Corp lowered its stake in Aramark (NYSE:ARMK) by 15.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,622 shares of the company’s stock after selling 10,666 shares during the period. Stifel Financial Corp’s holdings in Aramark were worth $2,309,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Huntington National Bank increased its holdings in Aramark by 100.3% in the 3rd quarter. Huntington National Bank now owns 681 shares of the company’s stock valued at $26,000 after buying an additional 341 shares during the period. Capital Performance Advisors LLP acquired a new position in Aramark during the third quarter valued at approximately $28,000. UMB Bank n.a. lifted its stake in Aramark by 360.1% during the third quarter. UMB Bank n.a. now owns 773 shares of the company’s stock worth $30,000 after purchasing an additional 605 shares during the last quarter. Friedenthal Financial acquired a new stake in shares of Aramark in the 3rd quarter valued at $52,000. Finally, Blue Trust Inc. increased its stake in shares of Aramark by 225.5% in the 2nd quarter. Blue Trust Inc. now owns 2,080 shares of the company’s stock valued at $68,000 after purchasing an additional 1,441 shares during the last quarter.

Aramark Trading Down 3.7 %

Shares of ARMK stock opened at $37.35 on Thursday. Aramark has a 1-year low of $27.39 and a 1-year high of $42.49. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.42. The stock has a market cap of $9.86 billion, a price-to-earnings ratio of 37.73 and a beta of 1.63. The stock has a 50-day moving average of $39.29 and a 200-day moving average of $36.53.

Aramark (NYSE:ARMK) last released its earnings results on Monday, November 11th. The company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.46 billion. Aramark had a net margin of 1.51% and a return on equity of 14.06%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. On average, equities research analysts forecast that Aramark will post 1.92 earnings per share for the current year.

Aramark Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were issued a $0.001 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.00 annualized dividend and a yield of 0.01%. Aramark’s payout ratio is 42.42%.

Analysts Set New Price Targets

A number of research firms have recently commented on ARMK. Royal Bank of Canada raised shares of Aramark from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $36.00 to $42.50 in a report on Tuesday, September 17th. Robert W. Baird raised their target price on shares of Aramark from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. boosted their target price on shares of Aramark from $41.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group raised their price objective on Aramark from $38.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Stifel Nicolaus upped their target price on Aramark from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $42.59.

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.