Aramark (NYSE:ARMK) Shares Purchased by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI raised its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,454,740 shares of the company's stock after purchasing an additional 860,179 shares during the quarter. Aramark accounts for approximately 4.0% of Fiduciary Management Inc. WI's investment portfolio, making the stock its 3rd largest holding. Fiduciary Management Inc. WI owned approximately 4.32% of Aramark worth $427,376,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Franklin Resources Inc. lifted its holdings in shares of Aramark by 7.2% in the 3rd quarter. Franklin Resources Inc. now owns 6,570,938 shares of the company's stock worth $254,427,000 after buying an additional 441,711 shares during the period. Sarasin & Partners LLP grew its holdings in Aramark by 15.9% during the 4th quarter. Sarasin & Partners LLP now owns 259,364 shares of the company's stock worth $9,677,000 after acquiring an additional 35,616 shares in the last quarter. Jones Financial Companies Lllp increased its position in Aramark by 45.7% during the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock valued at $37,000 after purchasing an additional 310 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of Aramark by 42.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 199,657 shares of the company's stock valued at $7,470,000 after purchasing an additional 59,225 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Aramark by 3.4% in the 4th quarter. HighTower Advisors LLC now owns 17,067 shares of the company's stock worth $637,000 after purchasing an additional 563 shares during the period.

Aramark Stock Performance

Shares of NYSE ARMK traded up $0.15 during mid-day trading on Thursday, hitting $33.12. The stock had a trading volume of 612,596 shares, compared to its average volume of 2,113,192. The firm has a market cap of $8.78 billion, a PE ratio of 26.11 and a beta of 1.37. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 0.94. The company has a 50 day moving average of $34.44 and a two-hundred day moving average of $37.20. Aramark has a twelve month low of $29.82 and a twelve month high of $42.49.

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

Aramark Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 10th were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Monday, February 10th. This is a boost from Aramark's previous quarterly dividend of $0.00. Aramark's dividend payout ratio (DPR) is 33.07%.

Analyst Upgrades and Downgrades

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

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.