Deutsche Bank AG Sells 362,188 Shares of Aramark (NYSE:ARMK)

Deutsche Bank AG decreased its position in Aramark (NYSE:ARMK - Free Report) by 94.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 20,744 shares of the company's stock after selling 362,188 shares during the period. Deutsche Bank AG's holdings in Aramark were worth $774,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in shares of 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. Asset Management One Co. Ltd. boosted its position in Aramark by 42.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 199,657 shares of the company's stock valued at $7,470,000 after purchasing an additional 59,225 shares during the last quarter. HighTower Advisors LLC grew its stake in Aramark by 3.4% in the fourth quarter. HighTower Advisors LLC now owns 17,067 shares of the company's stock valued at $637,000 after purchasing an additional 563 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Aramark by 14.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,066 shares of the company's stock worth $973,000 after purchasing an additional 3,312 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Aramark by 0.8% during the 4th quarter. Rhumbline Advisers now owns 723,090 shares of the company's stock worth $26,978,000 after purchasing an additional 6,034 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Aramark from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. Royal Bank of Canada reissued an "outperform" rating and issued a $47.00 price objective on shares of Aramark in a research report on Wednesday, May 14th. Citigroup initiated coverage on shares of Aramark in a report on Monday, February 24th. They issued a "buy" rating and a $48.00 target price on the stock. Finally, UBS Group lifted their price target on Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.33.

Aramark Stock Performance

Shares of NYSE ARMK traded up $0.43 during trading hours on Friday, reaching $40.60. 1,612,602 shares of the stock were exchanged, compared to its average volume of 2,027,913. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 31.97 and a beta of 1.20. The stock's fifty day simple moving average is $35.20 and its 200 day simple moving average is $36.99. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 0.94. Aramark has a 52 week low of $29.92 and a 52 week high of $42.49.

Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 EPS. Sell-side analysts predict that Aramark will post 1.92 EPS for the current year.

Aramark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.03%. Aramark's dividend payout ratio is currently 32.31%.

Aramark 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.