The Vanguard Group, Inc. has recently announced that it has increased stake in Aramark (NYSE:ARMK) by 0.56%. After grabbing 24.91 million shares, the institutional investor is now in possession of 0.14 million shares of the Industrials Company. The new investment brought the stake of investor firm to 9.54% having worth around $670.73 million. Moreover, BlackRock Fund Advisors increased its share by 0.54 million to have a control over 20.58 million shares. And Farallon Capital Management LLC raised its holdings to 3.24 million shares by acquiring 15.38 million shares or 5.89% of the stake.
Aramark (ARMK) concluded trading on 12/13/23 at a closing price of $27.15, with 3.98 million shares of worth about $108.14 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.35% during that period and on Wednesday the price saw a gain of about 1.04%. Currently the company’s common shares owned by public are about 261.45M shares, out of which, 259.70M shares are available for trading.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 15 analysts are covering the ARMK stock and their offered price forecasts bring an average price target of $31.77. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $35.00 and could fall to a lowest price of $28.00. The stock’s current price level is 14.54% above of average price target set by the analysts, while a rise to estimated low would result in gain of 3.04% for the stock. However, touching the estimated high of $35.00 would mean a gain of 22.43% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 78 times over the past 12 months. They bought 269,889 shares in 66 of the transactions. In 12 selling transactions, insiders dumped 37,094 shares.
American Balanced Fund, Eaton Vance Atlanta Capital SMID, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Aramark American Balanced Fund is currently holding 16.91 million shares of worth totaling $455.47 million. The company recently came buying 0.0 shares which brought its stake up to 6.48% of the company’s outstanding shares. Vanguard Total Stock Market ETF, after buying 8.16 million shares, have now control over 3.13% of the stake in the company. It holds 12797.0 shares of worth $219.86 million.
Aramark (NYSE: ARMK) started trading at $26.98, above $0.11 from concluding price of the previous day. However, the stock later moved at a day high price of 27.25, or with a gain of 1.04%. Stock saw a price change of -0.95% in past 5 days and over the past one month there was a price change of -4.80%. Year-to-date (YTD), ARMK shares are showing a performance of -9.03% which decreased to -10.77% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $23.55 but also hit the highest price of $33.01 during that period. The average intraday trading volume for Aramark shares is 4.01 million. The stock is currently trading -1.51% below its 20-day simple moving average (SMA20), while that difference is up 0.59% for SMA50 and it goes to -0.19% lower than SMA200.
The Vanguard Group, Inc. acquired 24.91 million shares of Aramark having value of about $670.73 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.14 million shares in the company valued at close to $3749089.2, or have control over 0.56% stake in the company. Aramark (NYSE: ARMK) currently have 261.45M outstanding shares and institutions hold larger chunk of about 101.09% of that. Holding of mutual funds in the company is about 48.93% while other institutional holders and individual stake holders have control over 52.98% and 16.08% of the stake respectively.
The stock has a current market capitalization of $7.10B and its 3Y-monthly beta is at 1.48. PE ratio of stock for trailing 12 months is 10.58, while it has posted earnings per share of $2.57 in the same period. Its PEG reads 0.53 and has Quick Ratio of 0.92 while making debt-to-equity ratio of 2.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ARMK, volatility over the week remained 1.99% while standing at 2.28% over the month.
Analysts are in expectations that Aramark (ARMK) stock would likely to be making an EPS of $0.37 in the current quarter, while forecast for next quarter EPS is $0.26 and it is $1.9 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.31 which is $0.45 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.41 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -10.91% while it is estimated to increase by 25.71% in next year. EPS is likely to grow at an annualized rate of 19.79% for next 5-years, compared to annual growth of 2.75% made by the stock over the past 5-years.
Analysts at 15 brokerage firms have issued recommendations for the Aramark (ARMK)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.67. Out of those 15 Wall Street analysts, 9 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on October 09, 2023 offering a Buy rating for the stock and assigned a target price range of between $44 and $29 to it.
