Barrow Hanley Mewhinney & Strauss LLC Sells 3,617,638 Shares of Aramark (NYSE:ARMK)

Barrow Hanley Mewhinney & Strauss LLC reduced its position in shares of Aramark (NYSE:ARMK - Free Report) by 33.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 about 2.73% of Aramark worth $270,422,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ARMK. Oregon Public Employees Retirement Fund increased its position in Aramark by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,654 shares of the company's stock valued at $2,002,000 after acquiring an additional 276 shares in the last quarter. Jones Financial Companies Lllp increased its position in Aramark by 45.7% in the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock valued at $37,000 after acquiring an additional 310 shares in the last quarter. Bessemer Group Inc. increased its position in Aramark by 93.0% in the 4th quarter. Bessemer Group Inc. now owns 770 shares of the company's stock valued at $29,000 after acquiring an additional 371 shares in the last quarter. CIBC Asset Management Inc increased its position in Aramark by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 8,012 shares of the company's stock valued at $299,000 after acquiring an additional 391 shares in the last quarter. Finally, Mariner LLC increased its position in Aramark by 3.0% in the 4th quarter. Mariner LLC now owns 15,029 shares of the company's stock valued at $561,000 after acquiring an additional 444 shares in the last quarter.

Aramark Trading Up 1.3%

NYSE ARMK traded up $0.51 during trading on Tuesday, reaching $39.63. 1,879,370 shares of the stock traded hands, compared to its average volume of 2,033,027. The firm has a market cap of $10.39 billion, a price-to-earnings ratio of 31.20 and a beta of 1.20. The stock's 50-day moving average price is $34.85 and its 200 day moving average price is $36.94. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $42.49.

Aramark (NYSE:ARMK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.35 billion. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The business's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 earnings per share. Analysts predict 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. Shareholders 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 yield of 1.06%. Aramark's payout ratio is currently 32.31%.

Wall Street Analyst Weigh In

ARMK has been the subject of several research reports. Morgan Stanley raised their price objective on shares of Aramark from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Royal Bank of Canada reiterated an "outperform" rating and set a $47.00 price target on shares of Aramark in a research report on Wednesday, May 14th. UBS Group lifted their price target on shares of Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Citigroup assumed coverage on shares of Aramark in a research report on Monday, February 24th. They set a "buy" rating and a $48.00 price target for the company. 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, the stock has an average rating of "Moderate Buy" and a consensus target price 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.