Nomura Holdings Inc. Buys Shares of 34,957 Aramark (NYSE:ARMK)

Nomura Holdings Inc. acquired a new stake in shares of Aramark (NYSE:ARMK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 34,957 shares of the company's stock, valued at approximately $1,304,000.

Other institutional investors have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its stake in Aramark by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,654 shares of the company's stock valued at $2,002,000 after buying an additional 276 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Aramark by 45.7% during the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock worth $37,000 after acquiring an additional 310 shares in the last quarter. Bessemer Group Inc. grew its holdings 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 purchasing an additional 371 shares in the last quarter. CIBC Asset Management Inc increased its position in Aramark by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 8,012 shares of the company's stock worth $299,000 after purchasing an additional 391 shares during the last quarter. Finally, Mariner LLC raised its stake in Aramark by 3.0% during the fourth quarter. Mariner LLC now owns 15,029 shares of the company's stock valued at $561,000 after purchasing an additional 444 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Aramark from $40.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Morgan Stanley upped their price objective on Aramark from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. 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, Royal Bank of Canada restated an "outperform" rating and set a $47.00 price target on shares of Aramark in a report on Wednesday, May 14th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $43.33.

Aramark Trading Up 0.2%

Shares of NYSE ARMK traded up $0.07 during trading hours on Thursday, reaching $39.01. The stock had a trading volume of 685,742 shares, compared to its average volume of 2,034,109. The business's fifty day moving average price is $34.64 and its two-hundred day moving average price is $36.96. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 30.73 and a beta of 1.20. Aramark has a 52-week low of $29.92 and a 52-week high of $42.49. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

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

Aramark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.08%. Aramark's dividend payout ratio (DPR) is 32.31%.

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.