Robeco Institutional Asset Management B.V. Sells 86,175 Shares of Aramark (NYSE:ARMK)

Robeco Institutional Asset Management B.V. lessened its position in shares of Aramark (NYSE:ARMK - Free Report) by 81.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,197 shares of the company's stock after selling 86,175 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Aramark were worth $663,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ARMK. Proficio Capital Partners LLC bought a new position in Aramark during the fourth quarter worth $1,070,000. Jones Financial Companies Lllp grew its holdings in Aramark by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock worth $37,000 after purchasing an additional 310 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Aramark by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,746,871 shares of the company's stock worth $65,176,000 after purchasing an additional 14,210 shares during the period. Arizona State Retirement System grew its holdings in Aramark by 1.0% in the fourth quarter. Arizona State Retirement System now owns 72,635 shares of the company's stock worth $2,710,000 after purchasing an additional 694 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Aramark in the fourth quarter worth $3,979,000.

Analysts Set New Price Targets

A number of equities research analysts have commented on ARMK shares. Wall Street Zen cut shares of Aramark from a "buy" rating to a "hold" rating in a report on Saturday, June 28th. Royal Bank Of Canada restated an "outperform" rating and issued a $47.00 price target on shares of Aramark in a report on Wednesday, May 14th. UBS Group raised their price target on shares of Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Morgan Stanley raised their price target on shares of Aramark from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, June 30th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $43.91.

Aramark Stock Down 0.4%

Aramark stock traded down $0.19 during midday trading on Friday, hitting $42.79. 1,392,020 shares of the stock were exchanged, compared to its average volume of 1,996,951. Aramark has a 52-week low of $29.92 and a 52-week high of $43.20. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 32.92 and a beta of 1.28. The business's 50-day moving average price is $39.28 and its 200-day moving average price is $37.14. The company has a quick ratio of 1.08, a current ratio of 1.21 and a debt-to-equity ratio of 2.02.

Aramark (NYSE:ARMK - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. Aramark had a net margin of 1.97% and a return on equity of 15.07%. The business had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $4.35 billion. During the same period in the previous year, the company earned $0.30 earnings per share. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. On average, research analysts expect that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.98%. Aramark's dividend payout ratio (DPR) is presently 32.31%.

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.