Barrow Hanley Mewhinney & Strauss LLC Has $270.42 Million Stock Position in Aramark (NYSE:ARMK)

Barrow Hanley Mewhinney & Strauss LLC lessened its position in shares of Aramark (NYSE:ARMK - Free Report) by 33.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,247,986 shares of the company's stock after selling 3,617,638 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 2.73% of Aramark worth $270,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ARMK. Bessemer Group Inc. increased its holdings in shares of Aramark by 93.0% during the fourth quarter. Bessemer Group Inc. now owns 770 shares of the company's stock worth $29,000 after buying an additional 371 shares in the last quarter. Jones Financial Companies Lllp raised its position in Aramark by 45.7% in the fourth 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 last quarter. UMB Bank n.a. boosted its stake in shares of Aramark by 75.2% during the fourth quarter. UMB Bank n.a. now owns 1,354 shares of the company's stock valued at $51,000 after purchasing an additional 581 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Aramark by 167.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,424 shares of the company's stock worth $53,000 after purchasing an additional 891 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Aramark during the fourth quarter worth about $72,000.

Analyst Ratings Changes

A number of research firms have weighed in on ARMK. UBS Group boosted their target price on shares of Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Morgan Stanley boosted their price objective on shares of Aramark from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $47.00 target price on shares of Aramark in a research report on Wednesday, May 14th. Finally, Citigroup assumed coverage on Aramark in a research report on Monday, February 24th. They issued a "buy" rating and a $48.00 price target on the stock. Three equities research 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, Aramark has an average rating of "Moderate Buy" and an average target price of $43.33.

Aramark Trading Up 1.3%

Shares of Aramark stock traded up $0.51 on Wednesday, hitting $40.17. 642,996 shares of the company's stock traded hands, compared to its average volume of 2,027,479. The company has a fifty day moving average of $34.96 and a two-hundred day moving average of $36.96. Aramark has a one year low of $29.92 and a one year high of $42.49. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 31.62 and a beta of 1.20. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.94 and a quick ratio of 0.84.

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

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.05%. Aramark's 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.