Caisse DE Depot ET Placement DU Quebec grew its position in Aramark (NYSE:ARMK) by 62.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,670 shares of the company’s stock after purchasing an additional 7,935 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Aramark were worth $883,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ARMK. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Aramark during the fourth quarter worth $15,714,000. AXA raised its holdings in shares of Aramark by 3.7% during the fourth quarter. AXA now owns 829,917 shares of the company’s stock worth $35,470,000 after acquiring an additional 29,317 shares during the period. Channing Capital Management LLC raised its holdings in shares of Aramark by 8.6% during the fourth quarter. Channing Capital Management LLC now owns 379,292 shares of the company’s stock worth $16,219,000 after acquiring an additional 30,125 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Aramark during the fourth quarter worth $499,000. Finally, Geode Capital Management LLC raised its holdings in shares of Aramark by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 2,079,879 shares of the company’s stock worth $88,838,000 after acquiring an additional 55,832 shares during the period. Institutional investors own 94.69% of the company’s stock.
A number of equities research analysts recently commented on ARMK shares. Zacks Investment Research upgraded shares of Aramark from a “sell” rating to a “hold” rating in a report on Wednesday, November 22nd. Credit Suisse Group restated an “outperform” rating and set a $50.00 price objective on shares of Aramark in a report on Wednesday, January 24th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $51.00 target price on shares of Aramark in a research report on Friday, January 19th. Morgan Stanley raised 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, 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 Friday, December 22nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Aramark has a consensus rating of “Buy” and an average target price of $47.43.
Aramark (NYSE:ARMK) opened at $41.07 on Friday. The firm has a market cap of $10,081.55, a price-to-earnings ratio of 19.10, a P/E/G ratio of 1.72 and a beta of 0.60. Aramark has a 12-month low of $36.06 and a 12-month high of $46.09. 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 released its earnings results on Tuesday, February 6th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $3.97 billion during 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 firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share. equities analysts forecast that Aramark will post 1.99 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 14th were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Tuesday, February 13th. Aramark’s dividend payout ratio (DPR) is currently 19.53%.
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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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