Aramark (NYSE:ARMK) Stake Lifted by Sciencast Management LP

Sciencast Management LP grew its stake in shares of Aramark (NYSE:ARMK) by 141.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,289 shares of the company’s stock after acquiring an additional 10,703 shares during the quarter. Sciencast Management LP’s holdings in Aramark were worth $698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Omnia Family Wealth LLC acquired a new position in shares of Aramark during the first quarter valued at about $103,000. Fuller & Thaler Asset Management Inc. boosted its position in Aramark by 91.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,450 shares of the company’s stock valued at $147,000 after buying an additional 1,650 shares during the last quarter. SG Americas Securities LLC boosted its position in Aramark by 54.9% in the fourth quarter. SG Americas Securities LLC now owns 3,954 shares of the company’s stock valued at $169,000 after buying an additional 1,401 shares during the last quarter. Aristotle Atlantic Partners LLC purchased a new stake in Aramark in the first quarter valued at approximately $208,000. Finally, Kendall Capital Management purchased a new stake in Aramark in the fourth quarter valued at approximately $228,000. Hedge funds and other institutional investors own 94.52% of the company’s stock.

Aramark traded up $0.37, reaching $38.25, during trading hours on Friday, according to Marketbeat. The stock had a trading volume of 3,172,291 shares, compared to its average volume of 1,316,510. The company has a quick ratio of 0.98, a current ratio of 1.30 and a debt-to-equity ratio of 2.77. Aramark has a 52-week low of $36.28 and a 52-week high of $46.09. The firm has a market cap of $9.33 billion, a P/E ratio of 21.61, a P/E/G ratio of 1.56 and a beta of 0.65.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, May 8th. The company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Aramark had a return on equity of 17.96% and a net margin of 3.29%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the firm posted $0.45 EPS. The business’s quarterly revenue 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Thursday, May 17th were given a $0.105 dividend. The ex-dividend date was Wednesday, May 16th. This represents a $0.42 annualized dividend and a yield of 1.10%. Aramark’s dividend payout ratio is presently 23.73%.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Aramark from a “hold” rating to a “sell” rating in a research report on Thursday, April 19th. TheStreet upgraded Aramark from a “c+” rating to a “b-” rating in a research report on Friday, June 15th. Finally, ValuEngine lowered Aramark from a “hold” rating to a “sell” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $47.33.

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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