A.R.T. Advisors LLC Purchases New Holdings in Aramark (ARMK)

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.

About Aramark

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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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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