State of Wisconsin Investment Board Has $9.01 Million Position in Aramark (ARMK)

State of Wisconsin Investment Board boosted its position in Aramark (NYSE:ARMK) by 4.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 221,733 shares of the company’s stock after purchasing an additional 9,868 shares during the quarter. State of Wisconsin Investment Board owned about 0.09% of Aramark worth $9,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Aramark by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 19,876,655 shares of the company’s stock valued at $814,546,000 after purchasing an additional 507,262 shares during the last quarter. FMR LLC raised its stake in Aramark by 3.3% in the 2nd quarter. FMR LLC now owns 13,215,194 shares of the company’s stock valued at $541,558,000 after purchasing an additional 421,291 shares during the last quarter. BlackRock Inc. raised its stake in Aramark by 1.4% in the 2nd quarter. BlackRock Inc. now owns 12,627,800 shares of the company’s stock valued at $517,486,000 after purchasing an additional 174,494 shares during the last quarter. Atlanta Capital Management Co. L L C raised its stake in Aramark by 25.2% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 9,931,393 shares of the company’s stock valued at $406,989,000 after purchasing an additional 1,997,607 shares during the last quarter. Finally, State Street Corp raised its stake in Aramark by 5.3% in the 2nd quarter. State Street Corp now owns 4,684,792 shares of the company’s stock valued at $191,980,000 after purchasing an additional 237,320 shares during the last quarter. 93.75% of the stock is owned by hedge funds and other institutional investors.

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Shares of Aramark (ARMK) opened at $40.82 on Friday. The stock has a market cap of $9,900.00, a P/E ratio of 22.61, a P/E/G ratio of 1.66 and a beta of 0.50. Aramark has a 1 year low of $32.87 and a 1 year high of $44.12. The company has a current ratio of 1.30, a quick ratio of 1.00 and a debt-to-equity ratio of 2.34.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.70 billion. Aramark had a return on equity of 19.69% and a net margin of 2.56%. Aramark’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. analysts expect that Aramark will post 2.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Monday, November 27th will be paid a dividend of $0.105 per share. This is a boost from Aramark’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, November 24th. Aramark’s dividend payout ratio is 27.70%.

Several brokerages recently weighed in on ARMK. BidaskClub raised shares of Aramark from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Barclays PLC reaffirmed a “hold” rating and set a $45.00 price objective on shares of Aramark in a research note on Thursday, October 19th. Zacks Investment Research downgraded shares of Aramark from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Nomura upped their price objective on shares of Aramark from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Finally, Royal Bank Of Canada upped their price objective on shares of Aramark from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $44.83.

Aramark Company Profile

Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).

Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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