Aramark (NYSE: ARMK) is 0.88% higher on its value in year-to-date trading and has touched a low of $29.82 and a high of $42.49 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 $34.20 in the last trading session, with the day’s gains setting it 3.44%.
Currently trading at $37.64, the stock is 13.98% and 10.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.11 million and changing 10.06% at the moment leaves the stock 2.38% off its SMA200. ARMK registered 21.69% gain for a year compared to 6-month loss of -0.50%.
The stock witnessed a 20.03% gain in the last 1 month and extending the period to 3 months gives it a -0.05%, and is 13.89% 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 4.74% over the week and 4.17% over the month.
Aramark (ARMK) has around 266680 employees, a market worth around $9.98B and $17.55B in sales. Current P/E ratio is 29.65 and Fwd P/E is 16.69. Profit margin for the company is 1.94%. Distance from 52-week low is 26.24% and -11.41% from its 52-week high. The company has generated returns on investments over the last 12 months (4.09%).
The EPS is expected to grow by 24.03% this year.
Aramark (ARMK) Top Institutional Holders
The shares outstanding are 265.65M, and float is at 263.34M with Short Float at 3.07%.
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 9.6251% 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 8.5033 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 22.15 million shares representing 8.4103% and valued at over $753.55 million, while FARALLON CAPITAL MANAGEMENT LLC holds 6.4274 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 7,909 shares of the company’s common stock on Nov 26 ’24 at a price of $42.17 per share for a total of $0.33 million. Following the sale, the insider now owns 89447.0 shares.
