Hsbc Holdings PLC Has $10.57 Million Stock Position in Aramark $ARMK

by · The Markets Daily

Hsbc Holdings PLC reduced its holdings in shares of Aramark (NYSE:ARMK – Free Report) by 26.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 186,080 shares of the company’s stock after selling 65,388 shares during the quarter. Hsbc Holdings PLC’s holdings in Aramark were worth $10,575,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in Aramark in the third quarter valued at about $28,000. Cedar Mountain Advisors LLC bought a new position in shares of Aramark in the first quarter worth about $32,000. Kestra Advisory Services LLC acquired a new stake in shares of Aramark in the 4th quarter valued at approximately $32,000. Elevation Wealth Partners LLC boosted its stake in shares of Aramark by 2,842.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock valued at $35,000 after purchasing an additional 597 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Aramark during the 3rd quarter valued at approximately $35,000.

Analysts Set New Price Targets

ARMK has been the subject of several research reports. Stifel Nicolaus increased their price objective on shares of Aramark from $54.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Weiss Ratings cut shares of Aramark from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Citigroup upped their price target on shares of Aramark from $70.50 to $74.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Royal Bank Of Canada increased their price target on Aramark from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Finally, Jefferies Financial Group raised their price objective on Aramark from $62.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Aramark has an average rating of “Moderate Buy” and an average price target of $69.14.

Get Our Latest Research Report on Aramark

Aramark Stock Down 1.3%

Shares of ARMK opened at $56.86 on Thursday. The stock’s 50-day moving average price is $57.75 and its two-hundred day moving average price is $50.67. Aramark has a 12 month low of $35.07 and a 12 month high of $62.65. The company has a market capitalization of $14.99 billion, a PE ratio of 39.76, a PEG ratio of 1.01 and a beta of 1.12. The company has a current ratio of 1.28, a quick ratio of 1.14 and a debt-to-equity ratio of 1.80.

Aramark (NYSE:ARMK – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.94 billion. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, analysts anticipate that Aramark will post 2.27 EPS for the current year.

Aramark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were given a $0.12 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. Aramark’s payout ratio is 33.57%.

Aramark Company Profile

(Free Report)

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.

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