Amundi Buys 40,366 Shares of Aramark (NYSE:ARMK)

Amundi lifted its position in shares of Aramark (NYSE:ARMK - Free Report) by 30.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,906 shares of the company's stock after buying an additional 40,366 shares during the period. Amundi owned about 0.07% of Aramark worth $6,445,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. CIBC Asset Management Inc raised its stake in shares of Aramark by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 7,621 shares of the company's stock worth $295,000 after purchasing an additional 265 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Aramark by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,654 shares of the company's stock worth $2,002,000 after buying an additional 276 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Aramark by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock valued at $37,000 after acquiring an additional 310 shares during the last quarter. Huntington National Bank grew its position in shares of Aramark by 100.3% in the 3rd 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 period. Finally, HighTower Advisors LLC increased its stake in shares of Aramark by 2.5% during 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.

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Aramark Price Performance

NYSE:ARMK traded up $0.84 during trading hours on Wednesday, reaching $35.73. 1,035,562 shares of the company were exchanged, compared to its average volume of 1,985,682. The company has a market capitalization of $9.47 billion, a P/E ratio of 28.13 and a beta of 1.60. The business has a 50 day moving average of $37.34 and a 200 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 debt-to-equity ratio of 1.61, a current ratio of 0.94 and a quick ratio of 0.84.

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

Aramark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 10th were given a dividend of $0.105 per share. This is an increase 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 of this dividend was Monday, February 10th. Aramark's dividend payout ratio is currently 33.07%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ARMK shares. Robert W. Baird raised their target price on shares of Aramark from $44.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Morgan Stanley boosted their target price on Aramark from $40.00 to $43.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Citigroup started coverage on Aramark in a report on Monday, February 24th. They set a "buy" rating and a $48.00 price target for the company. StockNews.com lowered shares of Aramark from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $47.00 target price 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 given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.42.

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.