UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $33.27 Million Stock Position in Aramark (NYSE:ARMK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 54.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 891,655 shares of the company's stock after purchasing an additional 315,401 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.34% of Aramark worth $33,268,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ARMK. Massachusetts Financial Services Co. MA lifted its stake in shares of Aramark by 63.2% in the fourth 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 period. Norges Bank bought a new stake in shares of Aramark in the 4th quarter worth approximately $88,949,000. Franklin Resources Inc. lifted its position in shares of Aramark by 29.5% in the 4th quarter. Franklin Resources Inc. now owns 8,511,152 shares of the company's stock worth $317,551,000 after acquiring an additional 1,940,214 shares during the period. PointState Capital LP lifted 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 lifted its position in Aramark by 8.1% in the fourth 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 period.

Analysts Set New Price Targets

Several brokerages recently commented on ARMK. Citigroup began coverage on Aramark in a research report on Monday, February 24th. They issued a "buy" rating and a $48.00 target price for the company. Morgan Stanley raised their price objective on shares of Aramark from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. UBS Group raised their price objective on shares of Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $47.00 price target on shares of Aramark in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $43.33.

Aramark Price Performance

Shares of NYSE:ARMK traded up $0.43 during trading on Friday, reaching $40.60. The stock had a trading volume of 1,612,602 shares, compared to its average volume of 2,023,858. Aramark has a 52 week low of $29.92 and a 52 week high of $42.49. The business's 50-day moving average price is $35.33 and its 200 day moving average price is $37.00. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.94 and a quick ratio of 0.84. The stock has a market capitalization of $10.64 billion, a PE ratio of 31.97 and a beta of 1.20.

Aramark (NYSE:ARMK - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share (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 business had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.35 billion. During the same period in the previous year, the business posted $0.30 earnings per share. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts predict that Aramark will post 1.92 earnings per share for the current year.

Aramark Dividend Announcement

The firm also recently declared 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 1.03%. Aramark's dividend payout ratio (DPR) is 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.