APG Asset Management N.V. Invests $5.10 Million in Aramark (NYSE:ARMK)

APG Asset Management N.V. purchased a new position in shares of Aramark (NYSE:ARMK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 141,600 shares of the company's stock, valued at approximately $5,102,000. APG Asset Management N.V. owned 0.05% of Aramark at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in shares of Aramark by 9.1% during the third quarter. Captrust Financial Advisors now owns 7,955 shares of the company's stock worth $308,000 after buying an additional 662 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Aramark by 2.5% in the 3rd quarter. HighTower Advisors LLC now owns 16,504 shares of the company's stock worth $643,000 after purchasing an additional 395 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Aramark in the 3rd quarter valued at about $716,000. Barclays PLC lifted its position in shares of Aramark by 57.6% during the third quarter. Barclays PLC now owns 189,418 shares of the company's stock worth $7,336,000 after purchasing an additional 69,223 shares during the last quarter. Finally, M&T Bank Corp grew its stake in Aramark by 5.5% in the third quarter. M&T Bank Corp now owns 16,206 shares of the company's stock worth $628,000 after purchasing an additional 838 shares in the last quarter.

Aramark Stock Performance

Aramark stock traded down $0.07 during mid-day trading on Tuesday, reaching $32.62. The company had a trading volume of 1,708,572 shares, compared to its average volume of 2,094,011. The company has a 50 day moving average of $35.24 and a 200-day moving average of $37.48. Aramark has a 52 week low of $29.82 and a 52 week high of $42.49. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of 25.68 and a beta of 1.37.

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Aramark (NYSE:ARMK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.61 billion. During the same period in the previous year, the company posted $0.41 earnings per share. The company's quarterly revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts expect that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 10th were paid a dividend of $0.105 per share. This is a boost from Aramark's previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.42 dividend on an annualized basis and a yield of 1.29%. Aramark's dividend payout ratio (DPR) is currently 33.07%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ARMK. StockNews.com cut Aramark from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. UBS Group reduced their price objective on Aramark from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday. Citigroup initiated coverage on shares of Aramark in a research note on Monday, February 24th. They set a "buy" rating and a $48.00 target price for the company. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $47.00 price target on shares of Aramark in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.08.

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.