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

Summit Trail Advisors LLC trimmed its holdings in Aramark (NYSE:ARMK - Free Report) by 46.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,016 shares of the company's stock after selling 6,198 shares during the quarter. Summit Trail Advisors LLC's holdings in Aramark were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ARMK. Bessemer Group Inc. raised its holdings in Aramark by 93.0% during the fourth quarter. Bessemer Group Inc. now owns 770 shares of the company's stock worth $29,000 after acquiring an additional 371 shares in the last quarter. Jones Financial Companies Lllp grew its position in Aramark by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock valued at $37,000 after acquiring an additional 310 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Aramark during the 4th quarter valued at $72,000. Wealthfront Advisers LLC bought a new stake in Aramark during the 4th quarter worth approximately $83,000. Finally, UMB Bank n.a. raised its position in shares of Aramark by 82.6% during the first quarter. UMB Bank n.a. now owns 2,472 shares of the company's stock worth $85,000 after acquiring an additional 1,118 shares during the last quarter.

Aramark Price Performance

ARMK traded down $0.19 during midday trading on Friday, reaching $42.79. 1,392,020 shares of the company's stock were exchanged, compared to its average volume of 2,000,808. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.21 and a quick ratio of 1.08. Aramark has a 1-year low of $29.92 and a 1-year high of $43.20. The business's 50-day moving average price is $39.28 and its 200 day moving average price is $37.14. The stock has a market capitalization of $11.21 billion, a PE ratio of 32.92 and a beta of 1.28.

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 analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.35 billion. Aramark had a return on equity of 15.07% and a net margin of 1.97%. Aramark's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. As a group, equities analysts anticipate that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued 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 is 32.31%.

Analysts Set New Price Targets

ARMK has been the subject of a number of recent research reports. Royal Bank Of Canada reissued an "outperform" rating and set a $47.00 price objective 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 company a "buy" rating in a report on Wednesday, May 7th. Wall Street Zen lowered Aramark from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Finally, Morgan Stanley upped their price target on shares of Aramark from $42.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday. 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, Aramark presently has an average rating of "Moderate Buy" and a consensus target price 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.