Strategic Wealth Partners Ltd. Buys 62,389 Shares of Aramark (NYSE:ARMK)

Strategic Wealth Partners Ltd. grew its position in Aramark (NYSE:ARMK - Free Report) by 32.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 254,593 shares of the company's stock after buying an additional 62,389 shares during the period. Strategic Wealth Partners Ltd. owned 0.10% of Aramark worth $9,847,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sarasin & Partners LLP increased its stake in shares of Aramark by 15.9% in the 4th quarter. Sarasin & Partners LLP now owns 259,364 shares of the company's stock valued at $9,677,000 after buying an additional 35,616 shares during the period. Jones Financial Companies Lllp increased its stake in shares of 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 buying an additional 310 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of Aramark by 42.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 199,657 shares of the company's stock valued at $7,470,000 after buying an additional 59,225 shares during the period. HighTower Advisors LLC boosted its position in shares of Aramark by 3.4% in the 4th quarter. HighTower Advisors LLC now owns 17,067 shares of the company's stock worth $637,000 after purchasing an additional 563 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Aramark by 14.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,066 shares of the company's stock worth $973,000 after purchasing an additional 3,312 shares during the last quarter.

Wall Street Analyst Weigh In

ARMK has been the topic of several recent research reports. UBS Group raised their price target on Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Royal Bank of Canada restated an "outperform" rating and issued a $47.00 price target on shares of Aramark in a research report on Wednesday, May 14th. Morgan Stanley raised their price target on Aramark from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Finally, Citigroup initiated coverage on Aramark in a research report on Monday, February 24th. They issued a "buy" rating and a $48.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.33.

Aramark Stock Down 0.1%

Shares of Aramark stock traded down $0.04 during trading on Thursday, reaching $38.91. The stock had a trading volume of 1,281,604 shares, compared to its average volume of 2,035,995. The company has a market capitalization of $10.20 billion, a price-to-earnings ratio of 30.63 and a beta of 1.20. The stock has a fifty day moving average price of $34.64 and a two-hundred day moving average price of $36.96. Aramark has a 52 week low of $29.92 and a 52 week high of $42.49. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

Aramark (NYSE:ARMK - Get Free Report) last issued its quarterly earnings results 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 14.72% and a net margin of 1.94%. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the company posted $0.30 earnings per share. The company's quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts predict that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.08%. Aramark's payout ratio is presently 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.