SG Americas Securities LLC Takes $937,000 Position in Aramark (NYSE:ARMK)

SG Americas Securities LLC bought a new position in Aramark (NYSE:ARMK - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 27,144 shares of the company's stock, valued at approximately $937,000.

Several other institutional investors also recently modified their holdings of ARMK. Jones Financial Companies Lllp grew its stake 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. HighTower Advisors LLC boosted its holdings in shares of Aramark by 3.4% in the 4th quarter. HighTower Advisors LLC now owns 17,067 shares of the company's stock valued at $637,000 after buying an additional 563 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Aramark by 0.8% in the 4th quarter. Rhumbline Advisers now owns 723,090 shares of the company's stock valued at $26,978,000 after buying an additional 6,034 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Aramark in the 4th quarter valued at approximately $3,979,000. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Aramark by 15.5% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,406,351 shares of the company's stock valued at $52,471,000 after buying an additional 189,001 shares during the last quarter.

Analyst Upgrades and Downgrades

ARMK has been the subject of several recent analyst reports. Citigroup initiated coverage on Aramark in a report on Monday, February 24th. They issued a "buy" rating and a $48.00 price objective for the company. UBS Group increased 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. Morgan Stanley increased their price target on Aramark from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $47.00 price target on shares of Aramark in a research note on Wednesday, May 14th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.73.

Aramark Stock Performance

NYSE ARMK traded down $0.09 on Friday, reaching $40.03. The stock had a trading volume of 2,283,190 shares, compared to its average volume of 1,993,156. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.21 and a quick ratio of 1.08. The firm has a fifty day moving average of $37.38 and a two-hundred day moving average of $37.03. Aramark has a 1-year low of $29.92 and a 1-year high of $42.49. The company has a market cap of $10.49 billion, a P/E ratio of 30.80 and a beta of 1.28.

Aramark (NYSE:ARMK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Aramark had a return on equity of 15.07% and a net margin of 1.97%. The firm 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 firm 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 anticipate that Aramark will post 1.92 EPS for the current year.

Aramark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.05%. Aramark's dividend payout ratio is 32.31%.

Aramark Company 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.