Leeward Investments LLC MA Has $6.98 Million Holdings in Aramark (NYSE:ARMK)

Leeward Investments LLC MA lowered its stake in Aramark (NYSE:ARMK - Free Report) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bessemer Group Inc. increased its position in shares of Aramark by 93.0% in the fourth quarter. Bessemer Group Inc. now owns 770 shares of the company's stock valued at $29,000 after acquiring an additional 371 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Aramark by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock valued at $37,000 after acquiring an additional 310 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Aramark in the fourth quarter valued at about $72,000. Wealthfront Advisers LLC acquired a new stake in shares of Aramark in the fourth quarter valued at about $83,000. Finally, UMB Bank n.a. grew its holdings in Aramark by 82.6% during the first quarter. UMB Bank n.a. now owns 2,472 shares of the company's stock worth $85,000 after purchasing an additional 1,118 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ARMK shares. Royal Bank Of Canada reiterated an "outperform" rating and set a $47.00 price target on shares of Aramark in a report on Wednesday, May 14th. Morgan Stanley lifted their price target on Aramark from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, June 30th. 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. Finally, Wall Street Zen cut Aramark from a "buy" rating to a "hold" rating in a report on Saturday, June 28th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.91.

Aramark Price Performance

Shares of ARMK stock traded up $0.32 during trading on Tuesday, hitting $42.76. The company had a trading volume of 1,606,018 shares, compared to its average volume of 1,997,418. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.08 and a current ratio of 1.21. The firm has a market capitalization of $11.21 billion, a P/E ratio of 32.89 and a beta of 1.28. The stock's 50-day moving average price is $39.66 and its 200 day moving average price is $37.21. Aramark has a one year low of $29.92 and a one year high of $43.20.

Aramark (NYSE:ARMK - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Aramark had a return on equity of 15.07% and a net margin of 1.97%. The business had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.35 billion. During the same period in the previous year, the company posted $0.30 earnings per share. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts expect that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders 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%.

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.