Aramark (NYSE:ARMK) Shares Bought by Focus Partners Wealth

Focus Partners Wealth raised its holdings in Aramark (NYSE:ARMK - Free Report) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 612,684 shares of the company's stock after buying an additional 11,943 shares during the quarter. Focus Partners Wealth owned approximately 0.23% of Aramark worth $22,859,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Bessemer Group Inc. raised its position in shares of Aramark by 93.0% in the 4th quarter. Bessemer Group Inc. now owns 770 shares of the company's stock worth $29,000 after buying an additional 371 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Aramark by 45.7% during the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock valued at $37,000 after acquiring an additional 310 shares in the last quarter. UMB Bank n.a. increased its holdings in Aramark by 75.2% in the 4th quarter. UMB Bank n.a. now owns 1,354 shares of the company's stock valued at $51,000 after purchasing an additional 581 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Aramark by 167.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,424 shares of the company's stock worth $53,000 after acquiring an additional 891 shares during the period. Finally, Wealthfront Advisers LLC purchased a new stake in Aramark during the 4th quarter worth $83,000.

Wall Street Analyst Weigh In

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

Aramark Stock Performance

NYSE:ARMK traded down $0.67 during mid-day trading on Thursday, hitting $38.32. The stock had a trading volume of 1,460,376 shares, compared to its average volume of 2,054,923. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The company has a 50 day simple moving average of $34.15 and a 200-day simple moving average of $36.91. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 30.17 and a beta of 1.20. Aramark has a 52 week low of $29.92 and a 52 week high of $42.49.

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, topping the consensus estimate 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 return on equity of 14.72% and a net margin of 1.94%. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. On average, research analysts expect that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.10%. Aramark's dividend payout ratio (DPR) is presently 32.31%.

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.