Sendero Wealth Management LLC Has $1.14 Million Stock Holdings in Aramark (NYSE:ARMK)

Sendero Wealth Management LLC increased its stake in shares of Aramark (NYSE:ARMK - Free Report) by 46.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,093 shares of the company's stock after purchasing an additional 10,482 shares during the quarter. Sendero Wealth Management LLC's holdings in Aramark were worth $1,142,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Aramark by 63.2% during 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. Norges Bank acquired a new stake in shares of Aramark in the fourth quarter worth $88,949,000. Franklin Resources Inc. lifted its stake in shares of 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 buying an additional 1,940,214 shares during the period. PointState Capital LP raised its holdings in Aramark by 135.4% in the 4th quarter. PointState Capital LP now owns 2,690,617 shares of the company's stock valued at $100,387,000 after acquiring an additional 1,547,792 shares in the last quarter. Finally, Fiduciary Management Inc. WI raised its stake in shares of Aramark by 8.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 11,454,740 shares of the company's stock valued at $427,376,000 after purchasing an additional 860,179 shares in the last quarter.

Aramark Trading Down 1.5%

Shares of ARMK stock traded down $0.62 on Thursday, reaching $39.69. The company had a trading volume of 1,509,512 shares, compared to its average volume of 2,016,429. The stock has a market cap of $10.40 billion, a PE ratio of 31.25 and a beta of 1.20. The company has a 50-day moving average of $35.69 and a 200-day moving average of $37.05. 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 12 month low of $29.92 and a 12 month high of $42.49.

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

Aramark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.06%. Aramark's dividend payout ratio (DPR) is currently 32.31%.

Analysts Set New Price Targets

A number of research firms have weighed in on ARMK. Morgan Stanley lifted their price objective on Aramark from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. Citigroup began coverage on shares of Aramark in a report on Monday, February 24th. They set a "buy" rating and a $48.00 price target for the company. UBS Group upped their price objective on shares of Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $47.00 target price on shares of Aramark in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.