Sarasin & Partners LLP Buys 35,616 Shares of Aramark (NYSE:ARMK)

Sarasin & Partners LLP increased its stake in shares of Aramark (NYSE:ARMK - Free Report) by 15.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 259,364 shares of the company's stock after buying an additional 35,616 shares during the period. Sarasin & Partners LLP owned 0.10% of Aramark worth $9,677,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Huntington National Bank lifted 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 worth $26,000 after buying an additional 341 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Aramark in the 3rd quarter worth about $28,000. UMB Bank n.a. boosted its holdings in Aramark by 360.1% in the 3rd quarter. UMB Bank n.a. now owns 773 shares of the company's stock valued at $30,000 after purchasing an additional 605 shares during the period. Friedenthal Financial acquired a new position in shares of Aramark during the 3rd quarter worth approximately $52,000. Finally, CWM LLC increased its holdings in shares of Aramark by 112.6% during the third quarter. CWM LLC now owns 1,822 shares of the company's stock worth $71,000 after purchasing an additional 965 shares during the period.

Aramark Stock Performance

Aramark stock traded down $0.13 during midday trading on Monday, reaching $39.18. The stock had a trading volume of 2,358,962 shares, compared to its average volume of 1,350,023. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $10.38 billion, a PE ratio of 39.58 and a beta of 1.64. Aramark has a 12 month low of $28.30 and a 12 month high of $42.49. The firm's 50-day moving average price is $38.83 and its 200 day moving average price is $37.21.

Aramark (NYSE:ARMK - Get Free Report) last issued its earnings results on Monday, November 11th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.54. The business had revenue of $4.42 billion for the quarter, compared to analysts' expectations of $4.46 billion. Aramark had a net margin of 1.51% and a return on equity of 14.06%. During the same quarter in the previous year, the firm posted $0.64 EPS. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts predict that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were issued a dividend of $0.001 per share. This represents a $0.00 dividend on an annualized basis and a yield of 0.01%. The ex-dividend date of this dividend was Monday, December 2nd. Aramark's dividend payout ratio (DPR) is presently 42.42%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ARMK. Robert W. Baird lifted their price objective 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. Truist Financial boosted their price target on Aramark from $42.00 to $46.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. The Goldman Sachs Group raised their price objective on Aramark from $38.00 to $41.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Morgan Stanley boosted their target price on Aramark from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Finally, Stifel Nicolaus lifted their price target on shares of Aramark from $43.00 to $45.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.59.

Aramark Company 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.