361 Capital LLC trimmed its position in shares of Aramark (NYSE:ARMK) by 50.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC increased its holdings 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 valued at $116,122,000 after purchasing an additional 2,813,359 shares during the last quarter. Atlanta Capital Management Co. L L C increased its holdings in shares of 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 acquiring an additional 1,997,607 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of 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 acquiring an additional 702,390 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of 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 acquiring an additional 668,047 shares in the last quarter. Finally, Rothschild Asset Management Inc. increased its holdings in shares of 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 acquiring an additional 600,374 shares in the last quarter. Institutional investors and hedge funds own 95.68% of the company’s stock.
Aramark (NYSE ARMK) traded down $0.31 during trading on Monday, reaching $42.76. The company had a trading volume of 1,277,011 shares, compared to its average volume of 1,382,141. The company has a current ratio of 1.12, a quick ratio of 0.86 and a debt-to-equity ratio of 2.11. Aramark has a fifty-two week low of $32.87 and a fifty-two week high of $44.12. The stock has a market capitalization of $10,553.82, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 1.83 and a beta of 0.47.
Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Aramark had a net margin of 2.56% and a return on equity of 19.29%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS. equities analysts anticipate that Aramark will post 1.96 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Monday, November 27th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $0.42 annualized dividend and a dividend yield of 0.98%. This is a boost from Aramark’s previous quarterly dividend of $0.10. Aramark’s dividend payout ratio is presently 28.19%.
In other news, Director Sanjeev K. Mehra bought 19,640 shares of Aramark stock in a transaction that occurred on Thursday, November 16th. The shares were acquired at an average price of $40.75 per share, with a total value of $800,330.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.90% of the company’s stock.
A number of brokerages have recently weighed in on ARMK. BidaskClub upgraded Aramark from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Nomura raised their price objective on Aramark from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Royal Bank Of Canada restated a “buy” rating on shares of Aramark in a research note on Thursday, October 5th. Morgan Stanley raised their price objective on Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research raised Aramark from a “sell” rating to a “hold” rating in a research report on Wednesday, November 22nd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.83.
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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).
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