Teacher Retirement System of Texas Has $1.64 Million Stock Position in Aramark (NYSE:ARMK)

Teacher Retirement System of Texas decreased its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 79.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,444 shares of the company's stock after selling 179,570 shares during the period. Teacher Retirement System of Texas' holdings in Aramark were worth $1,638,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ARMK. Massachusetts Financial Services Co. MA boosted its position in Aramark by 63.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 13,593,734 shares of the company's stock valued at $507,182,000 after buying an additional 5,263,817 shares during the last quarter. Norges Bank acquired a new position in shares of Aramark during the fourth quarter valued at $88,949,000. Franklin Resources Inc. boosted its holdings in Aramark by 29.5% in the fourth quarter. Franklin Resources Inc. now owns 8,511,152 shares of the company's stock valued at $317,551,000 after acquiring an additional 1,940,214 shares during the last quarter. PointState Capital LP increased its position in Aramark by 135.4% in the fourth quarter. PointState Capital LP now owns 2,690,617 shares of the company's stock worth $100,387,000 after purchasing an additional 1,547,792 shares during the period. Finally, Fiduciary Management Inc. WI raised its holdings in Aramark by 8.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 11,454,740 shares of the company's stock worth $427,376,000 after purchasing an additional 860,179 shares during the last quarter.

Aramark Price Performance

Aramark stock traded down $0.52 during mid-day trading on Tuesday, reaching $43.12. 1,022,189 shares of the company were exchanged, compared to its average volume of 1,988,943. The firm has a market cap of $11.30 billion, a PE ratio of 33.17 and a beta of 1.28. 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 company has a fifty day simple moving average of $40.26 and a 200-day simple moving average of $37.33. Aramark has a 12 month low of $29.92 and a 12 month high of $44.39.

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

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.97%. Aramark's payout ratio is currently 32.31%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Morgan Stanley raised their price objective on Aramark from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Monday, June 30th. Wall Street Zen lowered Aramark from a "buy" rating to a "hold" rating in a report on Saturday, June 28th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $47.00 price objective on shares of Aramark in a research report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Aramark presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.91.

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.