iSAM Funds UK Ltd Makes New $440,000 Investment in Aramark (NYSE:ARMK)

iSAM Funds UK Ltd acquired a new stake in Aramark (NYSE:ARMK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,797 shares of the company's stock, valued at approximately $440,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Aramark by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 25,497,580 shares of the company's stock worth $951,315,000 after purchasing an additional 178,147 shares in the last quarter. Janus Henderson Group PLC lifted its position in Aramark by 3.5% during the fourth quarter. Janus Henderson Group PLC now owns 16,268,682 shares of the company's stock valued at $606,986,000 after buying an additional 554,239 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Aramark by 63.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 13,593,734 shares of the company's stock valued at $507,182,000 after purchasing an additional 5,263,817 shares during the period. Fiduciary Management Inc. WI grew its position in 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 acquiring an additional 860,179 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Aramark by 29.5% during the 4th quarter. Franklin Resources Inc. now owns 8,511,152 shares of the company's stock worth $317,551,000 after buying an additional 1,940,214 shares during the period.

Aramark Stock Up 0.7%

Shares of ARMK traded up $0.27 during trading hours on Monday, reaching $39.15. The company's stock had a trading volume of 1,287,246 shares, compared to its average volume of 2,033,644. The company has a 50 day moving average of $34.78 and a two-hundred day moving average of $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. The firm has a market cap of $10.26 billion, a price-to-earnings ratio of 30.83 and a beta of 1.20. Aramark has a 1-year low of $29.92 and a 1-year high of $42.49.

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

Aramark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.07%. Aramark's payout ratio is 32.31%.

Analyst Ratings Changes

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

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.