361 Capital LLC decreased its position in Aramark (NYSE:ARMK) by 50.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,450 shares of the company’s stock after selling 34,414 shares during the quarter. 361 Capital LLC’s holdings in Aramark were worth $1,399,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of ARMK. Janus Henderson Group PLC increased its position in Aramark by 13,882.8% in the second quarter. Janus Henderson Group PLC now owns 2,833,624 shares of the company’s stock worth $116,122,000 after buying an additional 2,813,359 shares in the last quarter. Atlanta Capital Management Co. L L C increased its position in Aramark by 25.2% in the second quarter. Atlanta Capital Management Co. L L C now owns 9,931,393 shares of the company’s stock worth $406,989,000 after buying an additional 1,997,607 shares in the last quarter. Principal Financial Group Inc. increased its position in Aramark by 1,987.5% in the second quarter. Principal Financial Group Inc. now owns 737,730 shares of the company’s stock worth $30,232,000 after buying an additional 702,390 shares in the last quarter. Lord Abbett & CO. LLC increased its position in Aramark by 58.8% in the second quarter. Lord Abbett & CO. LLC now owns 1,804,100 shares of the company’s stock worth $73,932,000 after buying an additional 668,047 shares in the last quarter. Finally, Rothschild Asset Management Inc. increased its position in Aramark by 4,199.6% in the second quarter. Rothschild Asset Management Inc. now owns 614,670 shares of the company’s stock worth $25,189,000 after buying an additional 600,374 shares in the last quarter. 93.75% of the stock is currently owned by institutional investors.
Shares of Aramark (NYSE:ARMK) traded up $0.08 during trading on Friday, reaching $40.82. The company had a trading volume of 1,539,623 shares, compared to its average volume of 1,305,282. Aramark has a 52 week low of $32.87 and a 52 week high of $44.12. The company has a market capitalization of $10,005.19, a price-to-earnings ratio of 23.06, a PEG ratio of 1.70 and a beta of 0.50. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.00 and a current ratio of 1.30.
Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, November 14th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Aramark had a return on equity of 19.69% and a net margin of 2.56%. The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. sell-side analysts predict that Aramark will post 2 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Monday, November 27th will be paid a dividend of $0.105 per share. The ex-dividend date is Friday, November 24th. This is a positive change from Aramark’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a yield of 1.03%. Aramark’s dividend payout ratio is presently 27.52%.
Several analysts recently issued reports on ARMK shares. Nomura cut their target price on Aramark from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday. BidaskClub cut Aramark from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Morgan Stanley increased their target price on Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Barclays PLC reiterated a “hold” rating and set a $45.00 target price on shares of Aramark in a research report on Thursday, October 19th. Finally, Royal Bank Of Canada increased their target price on Aramark from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $44.83.
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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).
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