Aramark (NYSE:ARMK) Shares Acquired by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. lifted its position in shares of Aramark (NYSE:ARMK - Free Report) by 32.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 254,593 shares of the company's stock after buying an additional 62,389 shares during the period. Strategic Wealth Partners Ltd. owned approximately 0.10% of Aramark worth $9,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Aramark Stock Up 0.6%

NYSE:ARMK traded up $0.25 during trading hours on Friday, hitting $39.13. The company's stock had a trading volume of 444,305 shares, compared to its average volume of 2,121,630. The stock has a market capitalization of $10.25 billion, a P/E ratio of 30.81 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The stock has a fifty day moving average of $34.70 and a 200-day moving average of $36.97. Aramark has a 52-week low of $29.92 and a 52-week high of $42.49.

Aramark (NYSE:ARMK - Get Free Report) last released 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. 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 for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 EPS. On average, equities analysts forecast that Aramark will post 1.92 earnings per share for the current year.

Aramark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.07%. Aramark's payout ratio is 32.31%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Royal Bank of Canada reissued an "outperform" rating and set a $47.00 target price on shares of Aramark in a research note on Wednesday, May 14th. UBS Group raised their price objective on shares of 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 note on Monday, February 24th. They set a "buy" rating and a $48.00 target price on the stock. Finally, Morgan Stanley increased 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 equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $43.33.

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.