AGF Management Ltd. Has $2.32 Million Stock Holdings in Aramark (NYSE:ARMK)

AGF Management Ltd. cut its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 28.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,160 shares of the company's stock after selling 25,098 shares during the period. AGF Management Ltd.'s holdings in Aramark were worth $2,319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc grew its stake in Aramark by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 7,621 shares of the company's stock valued at $295,000 after acquiring an additional 265 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Aramark by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,654 shares of the company's stock valued at $2,002,000 after buying an additional 276 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Aramark by 45.7% during the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock worth $37,000 after buying an additional 310 shares in the last quarter. Huntington National Bank raised its holdings in shares of Aramark by 100.3% during the third quarter. Huntington National Bank now owns 681 shares of the company's stock valued at $26,000 after acquiring an additional 341 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Aramark by 2.5% in the third quarter. HighTower Advisors LLC now owns 16,504 shares of the company's stock valued at $643,000 after acquiring an additional 395 shares in the last quarter.

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Wall Street Analyst Weigh In

Several brokerages have issued reports on ARMK. Morgan Stanley lifted their target price on shares of Aramark from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Robert W. Baird boosted their price objective on Aramark from $44.00 to $45.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Royal Bank of Canada reissued an "outperform" rating and set a $47.00 price objective on shares of Aramark in a research report on Thursday, February 6th. Citigroup began coverage on Aramark in a report on Monday, February 24th. They issued a "buy" rating and a $48.00 price objective on the stock. Finally, StockNews.com downgraded Aramark from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.42.

Aramark Stock Up 2.4 %

Aramark stock traded up $0.84 during mid-day trading on Wednesday, hitting $35.73. 1,475,768 shares of the company's stock were exchanged, compared to its average volume of 2,011,995. The stock has a 50 day moving average of $37.34 and a two-hundred day moving average of $38.10. Aramark has a 1-year low of $29.82 and a 1-year high of $42.49. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The stock has a market cap of $9.47 billion, a P/E ratio of 28.13 and a beta of 1.60.

Aramark (NYSE:ARMK - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The firm had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.61 billion. During the same period last year, the business earned $0.41 earnings per share. Aramark's quarterly revenue was up 3.3% compared to the same quarter last year. As a group, analysts anticipate that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 10th were paid a $0.105 dividend. This is a boost from Aramark's previous quarterly dividend of $0.00. This represents a $0.42 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Monday, February 10th. Aramark's dividend payout ratio (DPR) is 33.07%.

Aramark Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.