PointState Capital LP Purchases 1,547,792 Shares of Aramark (NYSE:ARMK)

PointState Capital LP increased its position in Aramark (NYSE:ARMK - Free Report) by 135.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,690,617 shares of the company's stock after purchasing an additional 1,547,792 shares during the period. Aramark accounts for about 1.8% of PointState Capital LP's investment portfolio, making the stock its 18th biggest holding. PointState Capital LP owned about 1.01% of Aramark worth $100,387,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Aramark by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 25,497,580 shares of the company's stock valued at $951,315,000 after acquiring an additional 178,147 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Aramark by 3.5% in the 4th quarter. Janus Henderson Group PLC now owns 16,268,682 shares of the company's stock valued at $606,986,000 after acquiring an additional 554,239 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Aramark by 63.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 13,593,734 shares of the company's stock valued at $507,182,000 after acquiring an additional 5,263,817 shares during the last quarter. Fiduciary Management Inc. WI increased its holdings in shares of Aramark by 8.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 11,454,740 shares of the company's stock valued at $427,376,000 after acquiring an additional 860,179 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Aramark by 29.5% in the fourth quarter. Franklin Resources Inc. now owns 8,511,152 shares of the company's stock valued at $317,551,000 after acquiring an additional 1,940,214 shares during the period.

Aramark Stock Performance

Shares of NYSE:ARMK traded up $0.03 on Tuesday, hitting $39.83. The company's stock had a trading volume of 333,945 shares, compared to its average volume of 2,036,724. Aramark has a 12 month low of $29.92 and a 12 month high of $42.49. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 31.35 and a beta of 1.20. The stock's 50-day moving average is $34.46 and its two-hundred day moving average is $36.93. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 0.94.

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

Aramark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.05%. Aramark's dividend payout ratio (DPR) is presently 32.31%.

Analysts Set New Price Targets

A number of equities analysts have commented on ARMK shares. Morgan Stanley lifted their target price on Aramark from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. Royal Bank of Canada restated an "outperform" rating and issued a $47.00 target price on shares of Aramark in a research note on Wednesday, May 14th. UBS Group lifted their target price on Aramark from $40.00 to $44.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, Citigroup started coverage on Aramark in a research note on Monday, February 24th. They issued a "buy" rating and a $48.00 target price for the company. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus 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.