Summit Trail Advisors LLC Has $242,000 Stake in Aramark (NYSE:ARMK)

Summit Trail Advisors LLC trimmed its stake in Aramark (NYSE:ARMK - Free Report) by 46.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,016 shares of the company's stock after selling 6,198 shares during the period. Summit Trail Advisors LLC's holdings in Aramark were worth $242,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. raised its stake in shares of Aramark by 93.0% in the 4th quarter. Bessemer Group Inc. now owns 770 shares of the company's stock valued at $29,000 after acquiring an additional 371 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Aramark by 45.7% in 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 during the period. Lazard Asset Management LLC bought a new stake in shares of Aramark in the 4th quarter worth approximately $72,000. Wealthfront Advisers LLC bought a new position in shares of Aramark during the 4th quarter worth approximately $83,000. Finally, UMB Bank n.a. lifted its position in shares of Aramark by 82.6% during the 1st quarter. UMB Bank n.a. now owns 2,472 shares of the company's stock worth $85,000 after buying an additional 1,118 shares during the period.

Aramark Trading Down 0.4%

Shares of ARMK stock traded down $0.19 on Friday, reaching $42.79. 1,392,020 shares of the stock were exchanged, compared to its average volume of 1,996,951. The stock has a market cap of $11.21 billion, a PE ratio of 25.17 and a beta of 1.28. Aramark has a one year low of $29.92 and a one year high of $43.20. 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 stock has a 50 day moving average price of $39.28 and a 200 day moving average price of $37.14.

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

Aramark Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently commented on ARMK. Wall Street Zen downgraded Aramark from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. UBS Group boosted their price target on shares of Aramark from $40.00 to $44.00 and gave the company 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. Finally, Morgan Stanley lifted their price objective on Aramark from $42.00 to $44.00 and gave the company an "equal weight" rating in a research report on Monday, June 30th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.91.

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.