Aramark (NYSE:ARMK) Shares Purchased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Aramark by 42.5%, acquiring an additional 48,070 shares, bringing its total ownership to 161,209 shares valued at approximately $5.57 million.
• Several analysts have upgraded their ratings on Aramark, with Robert W. Baird raising its price target to $47.00 and eleven analysts currently assigning a buy rating to the stock.
• Aramark recently declared a quarterly dividend of $0.105 per share, translating to an annualized yield of 1.1%, with the dividend payout ratio at 32.31%.

Natixis Advisors LLC increased its stake in Aramark (NYSE:ARMK - Free Report) by 42.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,209 shares of the company's stock after purchasing an additional 48,070 shares during the period. Natixis Advisors LLC owned 0.06% of Aramark worth $5,565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ARMK. Massachusetts Financial Services Co. MA boosted its position in Aramark by 29.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 17,605,896 shares of the company's stock worth $607,756,000 after purchasing an additional 4,012,162 shares in the last quarter. PointState Capital LP lifted its position in shares of Aramark by 135.4% during the 4th quarter. PointState Capital LP now owns 2,690,617 shares of the company's stock valued at $100,387,000 after buying an additional 1,547,792 shares in the last quarter. Egerton Capital UK LLP lifted its holdings in Aramark by 79.0% in the 1st quarter. Egerton Capital UK LLP now owns 2,075,126 shares of the company's stock valued at $71,633,000 after purchasing an additional 916,054 shares in the last quarter. Fiduciary Management Inc. WI lifted its holdings in Aramark by 8.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 11,454,740 shares of the company's stock valued at $427,376,000 after purchasing an additional 860,179 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Aramark by 3.5% in the 4th quarter. Janus Henderson Group PLC now owns 16,268,682 shares of the company's stock valued at $606,986,000 after purchasing an additional 554,239 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have issued reports on ARMK shares. UBS Group raised their target price on Aramark from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday. Robert W. Baird raised Aramark from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $43.00 to $47.00 in a research report on Wednesday. Royal Bank Of Canada reissued an "outperform" rating and set a $47.00 price objective on shares of Aramark in a research report on Wednesday, May 14th. Morgan Stanley boosted their price objective on Aramark from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, June 30th. Finally, Wall Street Zen lowered Aramark from a "buy" rating to a "hold" rating in a research report on Saturday. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $45.44.

Aramark Stock Performance

Shares of NYSE:ARMK traded up $0.50 during trading on Friday, reaching $39.62. The company had a trading volume of 3,825,352 shares, compared to its average volume of 1,893,484. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 29.35 and a beta of 1.33. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.29 and a quick ratio of 1.08. The stock's fifty day moving average price is $41.71 and its 200 day moving average price is $38.00. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49.

Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.40 earnings per share for the quarter, meeting analysts' consensus estimates of $0.40. Aramark had a return on equity of 15.67% and a net margin of 2.02%. The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the previous year, the business earned $0.31 earnings per share. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities research analysts predict that Aramark will post 1.92 EPS for the current year.

Aramark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.1%. Aramark's dividend payout ratio (DPR) is 31.11%.

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.