Aramark (NYSE:ARMK) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in Aramark (NYSE:ARMK - Free Report) by 233.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,973 shares of the company's stock after acquiring an additional 44,790 shares during the quarter. Teacher Retirement System of Texas' holdings in Aramark were worth $1,798,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ARMK. JPMorgan Chase & Co. boosted its position in shares of Aramark by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 3,969,594 shares of the company's stock valued at $137,745,000 after acquiring an additional 1,492,542 shares during the period. Russell Investments Group Ltd. raised its stake in Aramark by 182.0% in 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 in the last quarter. National Bank of Canada FI raised its stake in Aramark by 2,316.5% in the fourth quarter. National Bank of Canada FI now owns 774,152 shares of the company's stock valued at $21,630,000 after purchasing an additional 742,116 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Aramark by 454.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 798,367 shares of the company's stock valued at $27,703,000 after purchasing an additional 654,300 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Aramark by 82.6% in the third quarter. Invesco Ltd. now owns 961,603 shares of the company's stock valued at $33,368,000 after purchasing an additional 434,842 shares in the last quarter.

Aramark Stock Down 0.7 %

Shares of ARMK stock traded down $0.22 during mid-day trading on Friday, reaching $33.31. 2,001,532 shares of the company's stock traded hands, compared to its average volume of 2,807,229. Aramark has a 12 month low of $23.95 and a 12 month high of $34.00. The company has a market cap of $8.76 billion, a P/E ratio of 14.00, a P/E/G ratio of 1.35 and a beta of 1.47. The company has a quick ratio of 1.11, a current ratio of 1.25 and a debt-to-equity ratio of 2.03. The company's 50-day moving average price is $31.97 and its 200-day moving average price is $29.86.

Aramark Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have commented on ARMK shares. Morgan Stanley lifted their price target 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. Robert W. Baird lifted their price target on shares of Aramark from $35.00 to $37.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 8th. Royal Bank of Canada reissued a "sector perform" rating and set a $33.00 price target on shares of Aramark in a research note on Wednesday, February 7th. Finally, Truist Financial lifted their price target on shares of Aramark from $35.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.32.

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.