Teacher Retirement System of Texas Sells 24,173 Shares of Aramark (NYSE:ARMK)

Teacher Retirement System of Texas trimmed its position in Aramark (NYSE:ARMK - Free Report) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 227,014 shares of the company's stock after selling 24,173 shares during the quarter. Teacher Retirement System of Texas owned 0.09% of Aramark worth $8,470,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new position in shares of Aramark in the 4th quarter valued at $186,000. Xponance Inc. boosted its stake in Aramark by 6.1% in the fourth quarter. Xponance Inc. now owns 30,758 shares of the company's stock valued at $1,148,000 after buying an additional 1,773 shares in the last quarter. Natixis Advisors LLC grew its position in Aramark by 1.8% in the fourth quarter. Natixis Advisors LLC now owns 113,139 shares of the company's stock valued at $4,221,000 after acquiring an additional 2,003 shares during the last quarter. Swiss National Bank raised its stake in Aramark by 0.9% during the fourth quarter. Swiss National Bank now owns 492,200 shares of the company's stock worth $18,364,000 after acquiring an additional 4,600 shares in the last quarter. Finally, Avantax Advisory Services Inc. bought a new position in shares of Aramark in the fourth quarter worth about $650,000.

Aramark Trading Down 0.3 %

NYSE:ARMK traded down $0.10 on Tuesday, reaching $34.06. 1,029,967 shares of the stock traded hands, compared to its average volume of 2,027,521. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. Aramark has a 1-year low of $29.82 and a 1-year high of $42.49. The company's 50 day moving average is $37.15 and its 200-day moving average is $38.04. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 26.83 and a beta of 1.60.

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Aramark (NYSE:ARMK - Get Free Report) last announced its 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. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.61 billion. Aramark had a net margin of 1.94% and a return on equity of 14.72%. Aramark's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. Equities research analysts anticipate that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Increases Dividend

The firm also recently announced 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 a positive change 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 annualized dividend and a dividend yield of 1.23%. Aramark's dividend payout ratio is presently 33.07%.

Wall Street Analyst Weigh In

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