Perpetual Ltd lowered its stake in shares of Aramark (NYSE:ARMK - Free Report) by 98.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,402 shares of the company's stock after selling 485,753 shares during the period. Perpetual Ltd's holdings in Aramark were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bessemer Group Inc. lifted its position in Aramark by 83.2% during the first quarter. Bessemer Group Inc. now owns 1,411 shares of the company's stock valued at $49,000 after acquiring an additional 641 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Aramark by 8.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 12,440 shares of the company's stock valued at $429,000 after purchasing an additional 990 shares during the last quarter. Riverwater Partners LLC grew its stake in Aramark by 12.2% during the 1st quarter. Riverwater Partners LLC now owns 30,579 shares of the company's stock worth $1,056,000 after buying an additional 3,330 shares during the last quarter. Retirement Systems of Alabama increased its position in Aramark by 0.7% during the 1st quarter. Retirement Systems of Alabama now owns 322,664 shares of the company's stock valued at $11,138,000 after buying an additional 2,331 shares in the last quarter. Finally, Blue Trust Inc. increased its position in Aramark by 39.2% during the 1st quarter. Blue Trust Inc. now owns 4,964 shares of the company's stock valued at $171,000 after buying an additional 1,399 shares in the last quarter.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on ARMK shares. UBS Group boosted their price target on Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada reissued an "outperform" rating and set a $47.00 target price on shares of Aramark in a research report on Wednesday, May 14th. Morgan Stanley upped their price target on shares of Aramark from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Wall Street Zen downgraded shares of Aramark from a "buy" rating to a "hold" rating in a research note on Saturday. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $43.91.
Read Our Latest Research Report on ARMK
Aramark Stock Performance
Shares of NYSE:ARMK traded up $0.56 during midday trading on Tuesday, reaching $42.43. The company's stock had a trading volume of 2,472,568 shares, compared to its average volume of 1,994,059. The company has a quick ratio of 1.08, a current ratio of 1.21 and a debt-to-equity ratio of 2.02. The stock has a fifty day moving average of $38.69 and a 200 day moving average of $37.05. Aramark has a twelve month low of $29.92 and a twelve month high of $43.04. The firm has a market capitalization of $11.12 billion, a PE ratio of 32.63 and a beta of 1.28.
Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.35 billion. Aramark had a net margin of 1.97% and a return on equity of 15.07%. The firm's revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. On average, equities analysts expect that Aramark will post 1.92 EPS for the current fiscal year.
Aramark Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.99%. Aramark's dividend payout ratio is currently 32.31%.
About Aramark
(
Free Report)
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.
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