Aramark (NYSE:ARMK) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,093,936 shares of the company's stock after selling 90,450 shares during the period. Nuveen Asset Management LLC owned approximately 0.41% of Aramark worth $40,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in shares of Aramark during the fourth quarter valued at about $72,000. Janus Henderson Group PLC raised its holdings in shares of Aramark by 3.5% in the fourth quarter. Janus Henderson Group PLC now owns 16,268,682 shares of the company's stock worth $606,986,000 after buying an additional 554,239 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of Aramark by 2.0% during the fourth quarter. Focus Partners Wealth now owns 612,684 shares of the company's stock worth $22,859,000 after buying an additional 11,943 shares during the period. Centiva Capital LP purchased a new stake in shares of Aramark during the fourth quarter valued at $596,000. Finally, Balyasny Asset Management L.P. increased its position in shares of Aramark by 83.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 862,842 shares of the company's stock valued at $32,193,000 after acquiring an additional 393,381 shares during the period.

Wall Street Analyst Weigh In

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

Aramark Stock Performance

NYSE ARMK traded up $0.27 during mid-day trading on Monday, reaching $39.15. 1,287,246 shares of the stock were exchanged, compared to its average volume of 2,033,644. The company has a market capitalization of $10.26 billion, a P/E ratio of 30.83 and a beta of 1.20. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 0.94. The business's 50 day moving average is $34.78 and its 200-day moving average is $36.94. Aramark has a 1 year low of $29.92 and a 1 year high of $42.49.

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

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.07%. Aramark's payout ratio 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.