Teacher Retirement System of Texas trimmed its position in Aramark (NYSE:ARMK - Free Report) by 9.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,014 shares of the company's stock after selling 24,173 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.09% of Aramark worth $8,470,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of ARMK. Harvest Fund Management Co. Ltd purchased a new position in Aramark during the fourth quarter worth about $186,000. Xponance Inc. increased its position in shares of Aramark by 6.1% in the fourth quarter. Xponance Inc. now owns 30,758 shares of the company's stock worth $1,148,000 after purchasing an additional 1,773 shares during the last quarter. Natixis Advisors LLC raised its stake 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 purchasing an additional 2,003 shares in the last quarter. Swiss National Bank lifted its position in Aramark by 0.9% during the fourth quarter. Swiss National Bank now owns 492,200 shares of the company's stock valued at $18,364,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Avantax Advisory Services Inc. purchased a new position in Aramark in the 4th quarter worth approximately $650,000.
Aramark Trading Up 0.2 %
NYSE ARMK traded up $0.07 during trading on Thursday, hitting $34.35. The company had a trading volume of 1,956,855 shares, compared to its average volume of 2,016,322. The company's fifty day moving average is $36.96 and its 200-day moving average is $38.00. Aramark has a one year low of $29.82 and a one 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 company has a market cap of $9.11 billion, a price-to-earnings ratio of 27.04 and a beta of 1.60.
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 the consensus estimate of $0.48 by $0.03. The company had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.61 billion. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 earnings per share. On average, sell-side analysts predict that Aramark will post 1.92 earnings per share for the current year.
Aramark Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 10th were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from Aramark's previous quarterly dividend of $0.00. Aramark's dividend payout ratio is 33.07%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on ARMK shares. StockNews.com downgraded shares of Aramark from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Robert W. Baird raised 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. Citigroup assumed coverage on shares of Aramark in a research report on Monday, February 24th. They set a "buy" rating and a $48.00 price target on the stock. Morgan Stanley boosted their price objective on shares of Aramark from $40.00 to $43.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $47.00 target price on shares of Aramark in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.42.
Get Our Latest Stock Report on Aramark
About Aramark
(
Free Report)
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.
Recommended Stories
Before you consider Aramark, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aramark wasn't on the list.
While Aramark currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
