Aramark $ARMK Stock: Danica Pension Livsforsikringsaktieselskab Trims Holdings

Danica Pension Livsforsikringsaktieselskab cut its holdings in shares of Aramark (NYSE:ARMK) by 8.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,364 shares of the company’s stock after selling 10,810 shares during the period. Danica Pension Livsforsikringsaktieselskab’s holdings in Aramark were worth $6,660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ARMK. Public Employees Retirement System of Ohio bought a new position in shares of Aramark in the second quarter worth $4,248,000. Bank of America Corp DE acquired a new position in shares of Aramark during the second quarter valued at $137,742,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Aramark during the second quarter valued at about $1,001,000. Corient Private Wealth LP raised its stake in shares of Aramark by 477.3% during the second quarter. Corient Private Wealth LP now owns 65,214 shares of the company’s stock valued at $3,711,000 after purchasing an additional 53,917 shares in the last quarter. Finally, BlackRock Inc. bought a new stake in shares of Aramark during the second quarter valued at about $1,411,586,000.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ARMK shares. Weiss Ratings lowered shares of Aramark from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Zacks Research cut shares of Aramark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 3rd. Morgan Stanley set a $63.00 price target on shares of Aramark in a research report on Tuesday, August 11th. Deutsche Bank reaffirmed a “buy” rating and issued a $74.00 price target on shares of Aramark in a research note on Wednesday, August 12th. Finally, UBS Group decreased their price objective on shares of Aramark from $71.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.82.

Aramark Price Performance

Shares of Aramark stock traded down $0.04 during trading on Friday, hitting $53.84. The stock had a trading volume of 3,819,876 shares, compared to its average volume of 3,406,731. 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 firm has a market cap of $14.19 billion, a P/E ratio of 37.65, a PEG ratio of 0.79 and a beta of 1.10. The business has a fifty day moving average of $55.18 and a two-hundred day moving average of $50.75. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $62.65.

About Aramark

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.