Aramark (ARMK) Stake Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in Aramark (NYSE:ARMK) by 1.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,571,424 shares of the company’s stock after purchasing an additional 27,688 shares during the period. Dimensional Fund Advisors LP owned 0.64% of Aramark worth $62,167,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. California Public Employees Retirement System increased its stake in Aramark by 7.5% during the first quarter. California Public Employees Retirement System now owns 599,193 shares of the company’s stock valued at $23,704,000 after acquiring an additional 41,883 shares during the period. IBM Retirement Fund bought a new position in Aramark during the first quarter valued at about $320,000. Great West Life Assurance Co. Can increased its stake in Aramark by 1.9% during the first quarter. Great West Life Assurance Co. Can now owns 190,256 shares of the company’s stock valued at $7,539,000 after acquiring an additional 3,480 shares during the period. Toronto Dominion Bank increased its stake in Aramark by 16.1% during the first quarter. Toronto Dominion Bank now owns 16,773 shares of the company’s stock valued at $664,000 after acquiring an additional 2,328 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Aramark by 1.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,293,315 shares of the company’s stock valued at $51,164,000 after acquiring an additional 17,865 shares during the period. Institutional investors and hedge funds own 94.52% of the company’s stock.

ARMK has been the topic of several analyst reports. TheStreet upgraded Aramark from a “c+” rating to a “b-” rating in a research note on Friday, June 15th. Zacks Investment Research upgraded Aramark from a “sell” rating to a “hold” rating in a research note on Wednesday, May 16th. Finally, ValuEngine lowered Aramark from a “hold” rating to a “sell” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Aramark currently has an average rating of “Hold” and an average target price of $47.33.

ARMK stock opened at $38.36 on Thursday. Aramark has a 1-year low of $36.28 and a 1-year high of $46.09. The company has a market capitalization of $9.48 billion, a PE ratio of 21.03, a P/E/G 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 (NYSE:ARMK) last released its quarterly earnings data on Tuesday, May 8th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.91 billion. Aramark had a return on equity of 17.96% and a net margin of 3.29%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. analysts forecast that Aramark will post 2.02 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 31st. Stockholders of record on Thursday, May 17th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Wednesday, May 16th. Aramark’s payout ratio is currently 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.

Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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