XTX Topco Ltd Takes $531,000 Position in Aramark (NYSE:ARMK)

XTX Topco Ltd purchased a new stake in Aramark (NYSE:ARMK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,377 shares of the company's stock, valued at approximately $531,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Aramark by 1.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,504 shares of the company's stock valued at $915,000 after purchasing an additional 438 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Aramark by 48.1% in the first quarter. GAMMA Investing LLC now owns 6,364 shares of the company's stock valued at $220,000 after purchasing an additional 2,067 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Aramark by 83.2% in the first quarter. Bessemer Group Inc. now owns 1,411 shares of the company's stock valued at $49,000 after purchasing an additional 641 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Aramark by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 31,055 shares of the company's stock valued at $1,072,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Aramark by 553.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 37,791 shares of the company's stock worth $1,305,000 after acquiring an additional 32,006 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $47.00 target price on shares of Aramark in a report on Wednesday, May 14th. Baird R W raised shares of Aramark from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Wall Street Zen cut shares of Aramark from a "buy" rating to a "hold" rating in a research report on Saturday. Morgan Stanley boosted their price objective on shares of Aramark from $42.00 to $44.00 and gave the company an "equal weight" rating in a research report on Monday, June 30th. Finally, Robert W. Baird raised shares of Aramark from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $43.00 to $47.00 in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $45.44.

Aramark Trading Up 1.3%

Shares of ARMK traded up $0.50 during trading hours on Friday, hitting $39.62. 3,825,352 shares of the stock were exchanged, compared to its average volume of 1,893,484. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.29 and a quick ratio of 1.08. The business has a 50-day moving average of $41.71 and a 200-day moving average of $38.00. The firm has a market capitalization of $10.41 billion, a P/E ratio of 29.35 and a beta of 1.33.

Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. Aramark had a net margin of 2.02% and a return on equity of 15.67%. The company had revenue of $4.63 billion during the quarter, compared to analysts' expectations of $4.66 billion. During the same period in the prior year, the company posted $0.31 earnings per share. Aramark's revenue for the quarter was up 5.7% compared to the same quarter last year. On average, research analysts expect that Aramark will post 1.92 EPS for the current year.

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.1%. Aramark's payout ratio is 31.11%.

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.