Aramark (NYSE:ARMK) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC increased its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,268,682 shares of the company's stock after purchasing an additional 554,239 shares during the quarter. Janus Henderson Group PLC owned 6.14% of Aramark worth $606,986,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Focus Partners Wealth boosted its position in shares of Aramark by 2.0% in the fourth quarter. Focus Partners Wealth now owns 612,684 shares of the company's stock worth $22,859,000 after buying an additional 11,943 shares during the period. Centiva Capital LP purchased a new position in Aramark in the 4th quarter worth approximately $596,000. Balyasny Asset Management L.P. grew its position in Aramark by 83.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 862,842 shares of the company's stock valued at $32,193,000 after acquiring an additional 393,381 shares in the last quarter. Bank of America Corp DE grew its position in Aramark by 4.5% in the fourth quarter. Bank of America Corp DE now owns 2,457,094 shares of the company's stock valued at $91,674,000 after acquiring an additional 105,219 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of Aramark during the fourth quarter worth $2,889,000.

Aramark Trading Down 0.1 %

NYSE:ARMK opened at $38.38 on Friday. Aramark has a 52 week low of $29.92 and a 52 week high of $42.49. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. The company has a market cap of $10.17 billion, a PE ratio of 30.22 and a beta of 1.20. The business's 50 day moving average is $34.02 and its two-hundred day moving average is $36.89.

Aramark (NYSE:ARMK - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.35 billion. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The firm's revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 earnings per share. On average, analysts predict that Aramark will post 1.92 EPS for the current year.

Aramark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.09%. Aramark's dividend payout ratio (DPR) is 33.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ARMK shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $47.00 price target on shares of Aramark in a report on Thursday, February 6th. Morgan Stanley lifted their target price on Aramark from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Citigroup started coverage on Aramark in a report on Monday, February 24th. They issued a "buy" rating and a $48.00 price target for the company. Finally, UBS Group lifted their price objective on Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.33.

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.

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