Twinbeech Capital LP Buys Shares of 81,772 Aramark (NYSE:ARMK)

Twinbeech Capital LP acquired a new stake in Aramark (NYSE:ARMK - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 81,772 shares of the company's stock, valued at approximately $3,051,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARMK. Vanguard Group Inc. lifted its position in Aramark by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 25,497,580 shares of the company's stock valued at $951,315,000 after buying an additional 178,147 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Aramark by 3.5% in the 4th quarter. Janus Henderson Group PLC now owns 16,268,682 shares of the company's stock worth $606,986,000 after acquiring an additional 554,239 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Aramark by 63.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 13,593,734 shares of the company's stock worth $507,182,000 after purchasing an additional 5,263,817 shares during the period. Fiduciary Management Inc. WI lifted its stake 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 acquiring an additional 860,179 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Aramark by 29.5% in the 4th 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 in the last quarter.

Aramark Price Performance

ARMK stock traded up $0.27 during trading on Monday, reaching $39.15. 1,287,246 shares of the company were exchanged, compared to its average volume of 2,033,644. Aramark has a 52-week low of $29.92 and a 52-week high of $42.49. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 0.94. The company has a market cap of $10.26 billion, a P/E ratio of 30.83 and a beta of 1.20. The stock's 50 day moving average price is $34.78 and its 200 day moving average price is $36.94.

Aramark (NYSE:ARMK - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) 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 analysts' expectations of $4.35 billion. Aramark had a net margin of 1.94% and a return on equity of 14.72%. During the same quarter in the previous year, the business posted $0.30 earnings per share. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. As a group, analysts predict that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.07%. Aramark's dividend payout ratio (DPR) is presently 32.31%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ARMK shares. Morgan Stanley upped their target price on shares of Aramark from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. UBS Group boosted their price target on shares of Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Royal Bank of Canada restated an "outperform" rating and issued a $47.00 price objective on shares of Aramark in a report on Wednesday, May 14th. Finally, Citigroup assumed coverage on shares of Aramark in a research note on Monday, February 24th. They set a "buy" rating and a $48.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Aramark currently 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.