Egerton Capital UK LLP Has $71.63 Million Stake in Aramark (NYSE:ARMK)

Egerton Capital UK LLP increased its position in shares of Aramark (NYSE:ARMK - Free Report) by 79.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,075,126 shares of the company's stock after purchasing an additional 916,054 shares during the quarter. Aramark accounts for 0.8% of Egerton Capital UK LLP's investment portfolio, making the stock its 27th biggest holding. Egerton Capital UK LLP owned approximately 0.78% of Aramark worth $71,633,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. raised its holdings in Aramark by 93.0% during the fourth quarter. Bessemer Group Inc. now owns 770 shares of the company's stock worth $29,000 after purchasing an additional 371 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Aramark by 1.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,504 shares of the company's stock worth $915,000 after purchasing an additional 438 shares during the last quarter. Mariner LLC increased its position in Aramark by 3.0% during the fourth quarter. Mariner LLC now owns 15,029 shares of the company's stock worth $561,000 after buying an additional 444 shares in the last quarter. Xponance Inc. increased its position in Aramark by 1.5% during the first quarter. Xponance Inc. now owns 31,209 shares of the company's stock worth $1,077,000 after buying an additional 451 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Aramark by 7.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,788 shares of the company's stock worth $253,000 after buying an additional 465 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen raised Aramark from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada reissued an "outperform" rating and set a $47.00 price target on shares of Aramark in a research report on Wednesday, May 14th. UBS Group raised their price target on Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Morgan Stanley raised their price target on Aramark from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, June 30th. Two equities research 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $43.91.

Aramark Stock Performance

Shares of NYSE ARMK traded up $0.44 during mid-day trading on Friday, hitting $43.83. The company had a trading volume of 1,146,205 shares, compared to its average volume of 1,582,628. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.21 and a quick ratio of 1.08. The business's 50-day simple moving average is $41.32 and its 200-day simple moving average is $37.76. Aramark has a 12 month low of $29.92 and a 12 month high of $44.49. The firm has a market cap of $11.49 billion, a P/E ratio of 33.72 and a beta of 1.28.

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, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.35 billion. Aramark had a net margin of 1.97% and a return on equity of 15.07%. The firm's revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. As a group, analysts predict that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.96%. Aramark's dividend payout ratio is 32.31%.

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.