56,756 Shares in Aramark (NYSE:ARMK) Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC acquired a new position in shares of Aramark (NYSE:ARMK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 56,756 shares of the company's stock, valued at approximately $2,118,000.

A number of other institutional investors have also recently modified their holdings of ARMK. Franklin Resources Inc. increased its stake in Aramark by 7.2% in the third quarter. Franklin Resources Inc. now owns 6,570,938 shares of the company's stock valued at $254,427,000 after purchasing an additional 441,711 shares during the last quarter. Sarasin & Partners LLP lifted its position in shares of Aramark by 15.9% during the fourth quarter. Sarasin & Partners LLP now owns 259,364 shares of the company's stock worth $9,677,000 after purchasing an additional 35,616 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Aramark by 45.7% during the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock valued at $37,000 after acquiring an additional 310 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Aramark by 42.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 199,657 shares of the company's stock worth $7,470,000 after purchasing an additional 59,225 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in Aramark by 3.4% during the 4th quarter. HighTower Advisors LLC now owns 17,067 shares of the company's stock valued at $637,000 after acquiring an additional 563 shares during the last quarter.

Wall Street Analysts Forecast Growth

ARMK has been the subject of a number of research reports. Citigroup started coverage on shares of Aramark in a report on Monday, February 24th. They issued a "buy" rating and a $48.00 price objective for the company. StockNews.com lowered Aramark from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. UBS Group decreased their price objective on shares of Aramark from $45.00 to $40.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $47.00 price target on shares of Aramark in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Aramark currently has an average rating of "Moderate Buy" and an average price target of $43.08.

Aramark Trading Up 1.5 %

Shares of NYSE:ARMK traded up $0.49 during trading on Friday, hitting $33.58. 2,915,765 shares of the company's stock were exchanged, compared to its average volume of 2,084,791. The firm has a 50-day moving average price of $33.98 and a two-hundred day moving average price of $37.01. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. Aramark has a 1-year low of $29.82 and a 1-year high of $42.49. The firm has a market cap of $8.90 billion, a P/E ratio of 26.44 and a beta of 1.37.

Aramark (NYSE:ARMK - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.61 billion. Aramark had a return on equity of 14.72% and a net margin of 1.94%. Aramark's revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. Equities analysts predict that Aramark will post 1.92 earnings per share for the current year.

Aramark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.25%. Aramark's dividend payout ratio (DPR) is currently 33.07%.

Aramark Company Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.