Waratah Capital Advisors Ltd. raised its position in shares of Aramark (NYSE:ARMK) by 72.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,492 shares of the company’s stock after acquiring an additional 14,097 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Aramark were worth $1,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerebellum GP LLC bought a new position in shares of Aramark during the 4th quarter valued at approximately $127,000. Fuller & Thaler Asset Management Inc. increased its position in shares of Aramark by 91.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,450 shares of the company’s stock valued at $147,000 after purchasing an additional 1,650 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Aramark by 54.9% during the 4th quarter. SG Americas Securities LLC now owns 3,954 shares of the company’s stock valued at $169,000 after purchasing an additional 1,401 shares during the last quarter. FineMark National Bank & Trust bought a new position in shares of Aramark during the 4th quarter valued at approximately $219,000. Finally, Putnam FL Investment Management Co. bought a new position in shares of Aramark during the 1st quarter valued at approximately $222,000. 93.35% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on the company. TheStreet downgraded Aramark from a “b” rating to a “c+” rating in a research report on Tuesday, May 8th. Royal Bank of Canada reissued a “buy” rating and set a $50.00 target price on shares of Aramark in a research report on Wednesday, February 7th. Credit Suisse Group reissued an “outperform” rating and set a $50.00 target price on shares of Aramark in a research report on Wednesday, January 24th. Morgan Stanley boosted their target price on Aramark from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Finally, Zacks Investment Research downgraded Aramark from a “hold” rating to a “sell” rating in a research report on Thursday, April 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $47.33.
Shares of Aramark stock opened at $38.00 on Tuesday. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.59 and a beta of 0.65. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.98 and a current ratio of 1.30. Aramark has a 52 week low of $37.85 and a 52 week high of $38.21.
Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, May 8th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.91 billion. Aramark had a return on equity of 17.96% and a net margin of 3.29%. Aramark’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 EPS. equities analysts expect that Aramark will post 1.99 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Thursday, May 17th will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, May 16th. Aramark’s dividend payout ratio (DPR) is presently 23.73%.
Aramark Company Profile
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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