Some Investing Thoughts On Aramark (NYSE: ARMK)

Capital Research & Management Co has recently announced that it has increased stake in Aramark (NYSE:ARMK) by 19.35%. After grabbing 28.07 million shares, the institutional investor is now in possession of 4.55 million shares of the Industrials Company. The new investment brought the stake of investor firm to 10.70% having worth around $788.86 million. Moreover, The Vanguard Group, Inc. increased its share by 0.14 million to have a control over 24.91 million shares. And BlackRock Fund Advisors raised its holdings to 0.54 million shares by acquiring 20.58 million shares or 7.85% of the stake.

Aramark (ARMK) concluded trading on Thursday at a closing price of $28.69, with 2.58 million shares of worth about $74.04 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.90% during that period and on Thursday, January 25 the price saw a gain of about 0.95%. Currently the company’s common shares owned by public are about 261.45M shares, out of which, 260.48M shares are available for trading.

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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 73 times over the past 12 months. They bought 263,981 shares in 63 of the transactions. In 10 selling transactions, insiders dumped 35,645 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 $475.25 million. The company recently came buying 0.0 shares which brought its stake up to 6.45% of the company’s outstanding shares. Vanguard Total Stock Market ETF, after buying 8.18 million shares, have now control over 3.12% of the stake in the company. It holds 6822.0 shares of worth $229.87 million.

However, the stock later moved at a day high price of 28.99, or with a gain of 0.95%. Stock saw a price change of 0.07% in past 5 days and over the past one month there was a price change of 3.42%. Year-to-date (YTD), ARMK shares are showing a performance of 2.10% which decreased to -11.21% 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 $32.50 during that period. The average intraday trading volume for Aramark shares is 3.13 million. The stock is currently trading 0.95% above its 20-day simple moving average (SMA20), while that difference is up 2.65% for SMA50 and it goes to 4.00% higher than SMA200.

Capital Research & Management Co acquired 28.07 million shares of Aramark having value of about $788.86 million. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 4.55 million shares in the company valued at close to $130568476.9, or have control over 19.35% stake in the company. Aramark (NYSE: ARMK) currently have 261.45M outstanding shares and institutions hold larger chunk of about 102.90% of that. Holding of mutual funds in the company is about 50.65% while other institutional holders and individual stake holders have control over 52.96% and 16.02% of the stake respectively.

The stock has a current market capitalization of $7.53B and its 3Y-monthly beta is at 1.46. PE ratio of stock for trailing 12 months is 11.18, while it has posted earnings per share of $2.57 in the same period. Its PEG reads 0.57 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 1.85% while standing at 1.71% over the month.

Analysts are in expectations that Aramark (ARMK) stock would likely to be making an EPS of $0.36 in the current quarter, while forecast for next quarter EPS is $0.26 and it is $1.89 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.31 which is $0.42 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 -11.61% while it is estimated to increase by 25.57% 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.

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 Goldman on January 17, 2024 offering a Buy rating for the stock and assigned a target price of $33 to it.

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