50,244 Shares in Aramark (NYSE:ARMK) Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management bought a new position in shares of Aramark (NYSE:ARMK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,244 shares of the company's stock, valued at approximately $1,874,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Aramark by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 25,497,580 shares of the company's stock valued at $951,315,000 after buying an additional 178,147 shares during the period. Janus Henderson Group PLC raised its position in Aramark by 3.5% in the fourth 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 during the period. Massachusetts Financial Services Co. MA boosted its holdings in Aramark by 63.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 13,593,734 shares of the company's stock worth $507,182,000 after acquiring an additional 5,263,817 shares during the period. Fiduciary Management Inc. WI grew its stake in shares of Aramark by 8.1% during 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. raised its position in shares of Aramark by 29.5% in the 4th quarter. Franklin Resources Inc. now owns 8,511,152 shares of the company's stock valued at $317,551,000 after purchasing an additional 1,940,214 shares in the last quarter.

Aramark Stock Performance

Shares of ARMK traded up $0.46 during mid-day trading on Wednesday, reaching $40.12. The company's stock had a trading volume of 1,906,282 shares, compared to its average volume of 2,032,423. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The business has a 50-day simple moving average of $34.96 and a two-hundred day simple moving average of $36.96. Aramark has a 1-year low of $29.92 and a 1-year high of $42.49. The stock has a market cap of $10.51 billion, a P/E ratio of 31.59 and a beta of 1.20.

Aramark (NYSE:ARMK - Get Free Report) last released 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 14.72% and a net margin of 1.94%. 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 company posted $0.30 EPS. The firm's quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts anticipate that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.05%. Aramark's dividend payout ratio (DPR) is presently 32.31%.

Wall Street Analyst Weigh In

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

About Aramark

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.