Lunia Capital LP acquired a new stake in shares of Aramark (NYSE:ARMK) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 257,052 shares of the company’s stock, valued at approximately $10,986,000. Aramark comprises 4.4% of Lunia Capital LP’s holdings, making the stock its 6th largest position. Lunia Capital LP owned approximately 0.10% of Aramark as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in ARMK. Legal & General Group Plc lifted its holdings in Aramark by 197.8% in the third quarter. Legal & General Group Plc now owns 1,128,918 shares of the company’s stock valued at $45,843,000 after buying an additional 749,812 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of Aramark during the third quarter worth $15,806,000. First Manhattan Co. raised its holdings in shares of Aramark by 7.4% during the fourth quarter. First Manhattan Co. now owns 5,187,057 shares of the company’s stock worth $221,694,000 after acquiring an additional 355,984 shares during the period. BlackRock Inc. raised its holdings in shares of Aramark by 2.3% during the fourth quarter. BlackRock Inc. now owns 13,588,423 shares of the company’s stock worth $580,771,000 after acquiring an additional 302,749 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Aramark during the third quarter worth $12,076,000. 94.69% of the stock is owned by institutional investors and hedge funds.
Shares of Aramark (NYSE ARMK) traded up $0.01 during trading hours on Thursday, reaching $41.02. 337,838 shares of the company’s stock were exchanged, compared to its average volume of 1,309,683. Aramark has a 12-month low of $36.06 and a 12-month high of $46.09. The company has a market capitalization of $10,157.76, a price-to-earnings ratio of 19.07, a PEG ratio of 1.73 and a beta of 0.60. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.40 and a quick ratio of 1.09.
Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.88 billion. Aramark had a net margin of 3.65% and a return on equity of 18.68%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share. sell-side analysts expect that Aramark will post 1.99 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Tuesday, February 13th. Aramark’s dividend payout ratio (DPR) is presently 19.53%.
A number of research analysts recently weighed in on the stock. Barclays raised 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. Royal Bank of Canada restated a “buy” rating and set a $50.00 target price on shares of Aramark in a research note on Wednesday, February 7th. Stifel Nicolaus initiated coverage on shares of Aramark in a research note on Tuesday, December 19th. They issued a “buy” rating and a $50.00 price objective for the company. 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. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $50.00 price target on shares of Aramark in a report on Wednesday, January 24th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $47.43.
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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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