Aramark (NYSE:ARMK) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in shares of Aramark (NYSE:ARMK - Free Report) by 38.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 489,200 shares of the company's stock after selling 304,400 shares during the period. Swiss National Bank owned approximately 0.19% of Aramark worth $13,747,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. New York Life Investment Management LLC increased its position in Aramark by 1.7% during the fourth quarter. New York Life Investment Management LLC now owns 28,127 shares of the company's stock valued at $790,000 after acquiring an additional 462 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Aramark by 182.0% during the fourth quarter. Russell Investments Group Ltd. now owns 1,443,849 shares of the company's stock valued at $40,435,000 after purchasing an additional 931,904 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Aramark by 4.3% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 136,152 shares of the company's stock valued at $3,826,000 after purchasing an additional 5,630 shares during the period. OLD National Bancorp IN purchased a new stake in shares of Aramark during the fourth quarter valued at $240,000. Finally, Shikiar Asset Management Inc. lifted its stake in Aramark by 66.8% in the fourth quarter. Shikiar Asset Management Inc. now owns 198,815 shares of the company's stock worth $5,587,000 after acquiring an additional 79,595 shares during the period.

Aramark Stock Up 3.8 %

Shares of ARMK traded up $1.22 during mid-day trading on Friday, hitting $33.29. 3,261,767 shares of the company traded hands, compared to its average volume of 2,602,373. Aramark has a 1-year low of $23.95 and a 1-year high of $33.42. The company has a quick ratio of 1.12, a current ratio of 1.25 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $8.75 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.29 and a beta of 1.47. The business has a 50 day moving average of $31.75 and a 200 day moving average of $29.64.

Aramark (NYSE:ARMK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.05. Aramark had a net margin of 3.43% and a return on equity of 13.82%. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the company earned $0.41 EPS. Aramark's quarterly revenue was up 12.6% on a year-over-year basis. Equities research analysts anticipate that Aramark will post 1.59 EPS for the current year.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be issued a $0.095 dividend. The ex-dividend date is Friday, May 10th. This represents a $0.38 annualized dividend and a yield of 1.14%. Aramark's dividend payout ratio (DPR) is presently 15.97%.

Analysts Set New Price Targets

ARMK has been the subject of a number of research reports. Morgan Stanley upped their price objective on shares of Aramark from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 7th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $33.00 price objective on shares of Aramark in a research note on Wednesday, February 7th. Robert W. Baird upped their price objective on shares of Aramark from $35.00 to $37.00 and gave the stock a "neutral" rating in a research note on Wednesday. Truist Financial increased their price target on shares of Aramark from $35.00 to $37.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. Finally, The Goldman Sachs Group began coverage on shares of Aramark in a research report on Wednesday, January 17th. They set a "buy" rating and a $33.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $33.32.

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.