Asset Management One Co. Ltd. cut its position in Aramark (NYSE:ARMK - Free Report) by 74.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,073 shares of the company's stock after selling 149,584 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Aramark were worth $1,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC boosted its position in shares of Aramark by 16.0% during the 4th quarter. Sanctuary Advisors LLC now owns 8,761 shares of the company's stock valued at $347,000 after acquiring an additional 1,209 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in Aramark by 73.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 36,596 shares of the company's stock worth $1,365,000 after buying an additional 15,485 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Aramark in the 4th quarter worth approximately $1,070,000. Levin Capital Strategies L.P. increased its holdings in shares of Aramark by 266.7% in the 4th quarter. Levin Capital Strategies L.P. now owns 22,000 shares of the company's stock worth $821,000 after buying an additional 16,000 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Aramark by 45.7% during the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock worth $37,000 after acquiring an additional 310 shares during the last quarter.
Analyst Ratings Changes
A number of research analysts recently commented on ARMK shares. UBS Group increased their target price on Aramark from $40.00 to $44.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada reissued an "outperform" rating and set a $47.00 price objective on shares of Aramark in a report on Wednesday, May 14th. Morgan Stanley boosted their target price on Aramark from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, Wall Street Zen cut shares of Aramark from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Aramark presently has an average rating of "Moderate Buy" and a consensus price target of $43.91.
Read Our Latest Research Report on Aramark
Aramark Trading Down 0.4%
ARMK stock traded down $0.19 during midday trading on Thursday, hitting $42.79. The company had a trading volume of 1,392,020 shares, compared to its average volume of 2,038,896. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of 2.02. Aramark has a 52 week low of $29.92 and a 52 week high of $43.20. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 32.92 and a beta of 1.28. The stock's 50 day moving average price is $38.89 and its 200 day moving average price is $37.09.
Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The company had revenue of $4.33 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 EPS. As a group, equities research analysts expect that Aramark will post 1.92 earnings per share for the current fiscal year.
Aramark Dividend Announcement
The firm also recently announced 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 annualized dividend and a dividend yield of 0.98%. Aramark's payout ratio is presently 32.31%.
Aramark Company Profile
(
Free Report)
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.
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