Aperio Group LLC grew its position in Aramark (NYSE:ARMK) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,651 shares of the company’s stock after purchasing an additional 4,182 shares during the quarter. Aperio Group LLC’s holdings in Aramark were worth $1,737,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of ARMK. Stifel Financial Corp bought a new stake in shares of Aramark in the 2nd quarter valued at $494,000. HighTower Advisors LLC bought a new stake in shares of Aramark in the 2nd quarter valued at $208,000. The Manufacturers Life Insurance Company boosted its stake in shares of Aramark by 218.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 75,478 shares of the company’s stock valued at $3,094,000 after purchasing an additional 51,763 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Aramark by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock valued at $124,000 after acquiring an additional 483 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Aramark during the 3rd quarter valued at $1,150,000. 91.70% of the stock is currently owned by institutional investors.
Aramark (ARMK) opened at $41.33 on Friday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.09 and a current ratio of 1.40. Aramark has a 1 year low of $35.56 and a 1 year high of $46.09. The stock has a market cap of $10,160.00, a price-to-earnings ratio of 31.31, a P/E/G ratio of 1.74 and a beta of 0.51.
Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. Aramark had a net margin of 3.65% and a return on equity of 18.68%. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. research analysts expect that Aramark will post 1.99 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.42 annualized dividend and a yield of 1.02%. Aramark’s payout ratio is 31.82%.
A number of research analysts recently issued reports on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $50.00 target price on shares of Aramark in a research report on Wednesday, February 7th. Morgan Stanley boosted their target price on shares of Aramark from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Credit Suisse Group reiterated an “outperform” rating and set a $50.00 target price on shares of Aramark in a research report on Wednesday, January 24th. Barclays boosted their target price on shares of Aramark from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Saturday, December 30th. Finally, Stifel Nicolaus assumed coverage on shares of Aramark in a research report on Tuesday, December 19th. They set a “buy” rating and a $50.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $47.00.
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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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