A.R.T. Advisors LLC purchased a new stake in Aramark (NYSE:ARMK) during the first quarter, according to its most recent filing with the SEC. The fund purchased 40,000 shares of the company’s stock, valued at approximately $1,582,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Omnia Family Wealth LLC bought a new stake in shares of Aramark in the 1st quarter worth about $103,000. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Aramark by 91.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,450 shares of the company’s stock worth $147,000 after buying an additional 1,650 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Aramark by 54.9% in the 4th quarter. SG Americas Securities LLC now owns 3,954 shares of the company’s stock worth $169,000 after buying an additional 1,401 shares during the last quarter. Aristotle Atlantic Partners LLC bought a new stake in shares of Aramark in the 1st quarter worth about $208,000. Finally, Kendall Capital Management bought a new stake in shares of Aramark in the 4th quarter worth about $228,000. Institutional investors own 94.52% of the company’s stock.
Aramark opened at $37.88 on Friday, Marketbeat reports. Aramark has a 12 month low of $36.28 and a 12 month high of $46.09. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.30 and a quick ratio of 0.98. The stock has a market cap of $9.48 billion, a P/E ratio of 21.40, a PEG ratio of 1.59 and a beta of 0.65.
Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, May 8th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Aramark had a net margin of 3.29% and a return on equity of 17.96%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the previous year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. research analysts expect that Aramark will post 2.02 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Investors of record on Thursday, May 17th were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Wednesday, May 16th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.11%. Aramark’s dividend payout ratio is presently 23.73%.
A number of analysts have recently weighed in on ARMK shares. Zacks Investment Research downgraded shares of Aramark from a “hold” rating to a “sell” rating in a report on Thursday, April 19th. TheStreet downgraded shares of Aramark from a “b” rating to a “c+” rating in a report on Tuesday, May 8th. Finally, ValuEngine downgraded shares of Aramark from a “hold” rating to a “sell” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $47.33.
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company operates through three segments: Food and Support Services North America, Food and Support Services International, Uniform and Career Apparel.
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