DF Dent & Co. Inc. acquired a new position in Aramark (NYSE:ARMK) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,965 shares of the company’s stock, valued at approximately $340,000.
Several other large investors have also modified their holdings of the business. California State Teachers Retirement System grew its stake in shares of Aramark by 0.3% in the 4th quarter. California State Teachers Retirement System now owns 415,565 shares of the company’s stock worth $17,761,000 after buying an additional 1,287 shares in the last quarter. SG Americas Securities LLC grew its stake 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 in the last quarter. Advisor Group Inc. grew its stake in shares of Aramark by 85.7% in the 3rd quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock worth $136,000 after buying an additional 1,542 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Aramark by 3.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 49,642 shares of the company’s stock worth $2,122,000 after purchasing an additional 1,547 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in shares of Aramark by 1.0% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 166,907 shares of the company’s stock worth $6,778,000 after purchasing an additional 1,598 shares during the period. 94.69% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently commented on ARMK shares. Stifel Nicolaus started coverage on shares of Aramark in a research note on Tuesday, December 19th. They set a “buy” rating and a $50.00 price target for the company. Barclays lifted their price target on shares of Aramark from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Friday, December 22nd. Zacks Investment Research raised shares of Aramark from a “sell” rating to a “hold” rating in a research note on Wednesday, November 22nd. Credit Suisse Group reaffirmed an “outperform” rating and set a $50.00 price target on shares of Aramark in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $51.00 price target on shares of Aramark in a research note on Friday, January 19th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $47.43.
ARMK stock opened at $41.05 on Wednesday. Aramark has a 52 week low of $36.06 and a 52 week high of $46.09. The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 2.56. The company has a market cap of $10,039.76, a PE ratio of 19.09, a P/E/G ratio of 1.71 and a beta of 0.60.
Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.88 billion. During the same period in the previous year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. analysts predict that Aramark will post 1.99 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 14th were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.42 dividend on an annualized basis and a yield of 1.02%. Aramark’s payout ratio is 19.53%.
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Aramark Company Profile
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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