Leeward Investments LLC MA Trims Stock Position in Aramark (NYSE:ARMK)

Leeward Investments LLC MA trimmed its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,259 shares of the company's stock after selling 7,073 shares during the quarter. Leeward Investments LLC MA owned approximately 0.08% of Aramark worth $6,982,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Palisade Capital Management LP increased its holdings in Aramark by 15.5% during the first quarter. Palisade Capital Management LP now owns 92,211 shares of the company's stock valued at $3,183,000 after buying an additional 12,348 shares during the period. Principal Financial Group Inc. increased its holdings in Aramark by 1.0% during the first quarter. Principal Financial Group Inc. now owns 609,715 shares of the company's stock valued at $21,047,000 after buying an additional 5,878 shares during the period. KBC Group NV increased its holdings in Aramark by 12.6% during the first quarter. KBC Group NV now owns 11,271 shares of the company's stock valued at $389,000 after buying an additional 1,257 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Aramark by 1.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,504 shares of the company's stock valued at $915,000 after acquiring an additional 438 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in Aramark by 83.2% in the first quarter. Bessemer Group Inc. now owns 1,411 shares of the company's stock valued at $49,000 after acquiring an additional 641 shares in the last quarter.

Aramark Stock Performance

Shares of NYSE:ARMK traded down $0.19 on Friday, hitting $42.79. 1,392,020 shares of the company were exchanged, compared to its average volume of 1,996,951. Aramark has a 1-year low of $29.92 and a 1-year high of $43.20. The stock's 50 day moving average price is $39.28 and its 200 day moving average price is $37.14. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $11.21 billion, a P/E ratio of 32.92 and a beta of 1.28.

Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Aramark had a net margin of 1.97% and a return on equity of 15.07%. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the previous year, the firm posted $0.30 earnings per share. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. Sell-side analysts predict that Aramark will post 1.92 EPS for the current 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 issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.98%. Aramark's dividend payout ratio (DPR) is presently 32.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ARMK shares. Morgan Stanley raised their target price on shares of Aramark from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday, June 30th. UBS Group raised their target price on shares of Aramark from $40.00 to $44.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Wall Street Zen downgraded shares of Aramark from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $47.00 target price on shares of Aramark in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.91.

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.