Aramark (NYSE: ARMK) is 48.97% higher on its value in year-to-date trading and has touched a low of $26.58 and a high of $42.04 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARMK stock was last observed hovering at around $40.86 in the last trading session, with the day’s gains setting it 1.0%.
Currently trading at $41.86, the stock is 7.99% and 8.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.82 million and changing 2.45% at the moment leaves the stock 21.77% off its SMA200. ARMK registered 49.23% gain for a year compared to 6-month gain of 31.55%. The firm has a 50-day simple moving average (SMA 50) of $38.389 and a 200-day simple moving average (SMA200) of $34.32085.
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The stock witnessed a 11.33% loss in the last 1 month and extending the period to 3 months gives it a 17.45%, and is 12.38% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.91% over the week and 2.71% over the month.
Aramark (ARMK) has around 266680 employees, a market worth around $11.17B and $17.40B in sales. Current P/E ratio is 42.52 and Fwd P/E is 18.22. Profit margin for the company is 1.51%. Distance from 52-week low is 57.49% and -0.43% from its 52-week high. The company has generated returns on investments over the last 12 months (3.46%).
with sales reaching $4.62B over the same period.The EPS is expected to grow by 24.17% this year, but quarterly earnings will post 7.59% year-over-year. Quarterly sales are estimated to grow 4.72% in year-over-year returns.
Aramark (ARMK) Top Institutional Holders
529.0 institutions hold shares in Aramark (ARMK), with institutional investors hold 98.07% of the company’s shares. The shares outstanding are 263.94M, and float is at 262.28M with Short Float at 2.21%. Institutions hold 97.49% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 25.35 million shares valued at $862.46 million. The investor’s holdings represent 9.6452% of the ARMK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 22.4 million shares valued at $761.94 million to account for 8.5211 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 22.15 million shares representing 8.4279% and valued at over $753.55 million, while FARALLON CAPITAL MANAGEMENT LLC holds 6.4409 of the shares totaling 16.93 million with a market value of $575.93 million.
Aramark (ARMK) Insider Activity
The most recent transaction is an insider sale by Harrington Lauren A, the company’s SVP and General Counsel. SEC filings show that Harrington Lauren A sold 13,384 shares of the company’s common stock on Mar 05 ’24 at a price of $31.02 per share for a total of $0.42 million. Following the sale, the insider now owns 95284.0 shares.
Aramark disclosed in a document filed with the SEC on Dec 15 ’23 that Harrington Lauren A (SVP and General Counsel) sold a total of 4,274 shares of the company’s common stock. The trade occurred on Dec 15 ’23 and was made at $27.33 per share for $0.12 million. Following the transaction, the insider now directly holds 95142.0 shares of the ARMK stock.
Still, SEC filings show that on Dec 13 ’23, Bruno Marc A (COO, U.S. Food & Facilities) disposed off 27,884 shares at an average price of $26.67 for $0.74 million. The insider now directly holds 225,653 shares of Aramark (ARMK).
