Cipher Capital LP reduced its position in Aramark (NYSE:ARMK) by 43.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 42,839 shares of the company’s stock after selling 32,889 shares during the period. Cipher Capital LP’s holdings in Aramark were worth $1,740,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARMK. CAPROCK Group Inc. lifted its holdings in Aramark by 0.8% during the second quarter. CAPROCK Group Inc. now owns 5,528 shares of the company’s stock worth $227,000 after acquiring an additional 43 shares in the last quarter. Pitcairn Co. lifted its holdings in Aramark by 3.2% during the second quarter. Pitcairn Co. now owns 8,330 shares of the company’s stock worth $341,000 after acquiring an additional 255 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Aramark by 8.3% during the second quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock worth $200,000 after acquiring an additional 374 shares in the last quarter. Howard Hughes Medical Institute lifted its holdings in Aramark by 0.7% during the second quarter. Howard Hughes Medical Institute now owns 57,423 shares of the company’s stock worth $2,353,000 after acquiring an additional 382 shares in the last quarter. Finally, Utah Retirement Systems lifted its holdings in Aramark by 0.9% during the second quarter. Utah Retirement Systems now owns 44,500 shares of the company’s stock worth $1,824,000 after acquiring an additional 400 shares in the last quarter. 95.68% of the stock is owned by institutional investors.
A number of brokerages have recently commented on ARMK. Zacks Investment Research upgraded Aramark from a “sell” rating to a “hold” rating in a report on Wednesday, November 22nd. Nomura cut their price target on Aramark from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Barclays restated a “hold” rating and issued a $45.00 price target on shares of Aramark in a report on Thursday, October 19th. BidaskClub upgraded Aramark from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Finally, Royal Bank Of Canada boosted their price target on Aramark from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $44.83.
Aramark (NYSE:ARMK) traded up $0.07 during trading hours on Thursday, hitting $42.54. The company had a trading volume of 889,616 shares, compared to its average volume of 1,375,407. The company has a current ratio of 1.12, a quick ratio of 0.86 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $10,394.55, a P/E ratio of 23.97, a P/E/G ratio of 1.80 and a beta of 0.47. Aramark has a twelve month low of $32.87 and a twelve month high of $44.12.
Aramark (NYSE:ARMK) last released 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 the consensus estimate of $3.70 billion. Aramark had a return on equity of 19.29% and a net margin of 2.56%. Aramark’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. research analysts anticipate that Aramark will post 1.96 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Monday, November 27th will be given a $0.105 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase from Aramark’s previous quarterly dividend of $0.10. Aramark’s payout ratio is currently 28.19%.
In related news, Director Sanjeev K. Mehra bought 19,640 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is currently owned by insiders.
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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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