Bank of Montreal Can Has $4.66 Million Holdings in Aramark (NYSE:ARMK)

Bank of Montreal Can increased its position in shares of Aramark (NYSE:ARMK - Free Report) by 169.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,202 shares of the company's stock after purchasing an additional 76,214 shares during the period. Bank of Montreal Can's holdings in Aramark were worth $4,659,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of Aramark by 173.9% during the 3rd quarter. Blue Trust Inc. now owns 5,697 shares of the company's stock worth $221,000 after buying an additional 3,617 shares in the last quarter. Anthracite Investment Company Inc. acquired a new stake in Aramark in the third quarter valued at $3,524,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Aramark by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,732,661 shares of the company's stock worth $67,106,000 after purchasing an additional 14,839 shares during the period. Leeward Investments LLC MA acquired a new stake in Aramark in the second quarter worth $9,263,000. Finally, Quest Partners LLC increased its stake in Aramark by 3,617,700.0% during the 3rd quarter. Quest Partners LLC now owns 36,178 shares of the company's stock valued at $1,401,000 after buying an additional 36,177 shares during the period.

Aramark Price Performance

Shares of Aramark stock traded up $0.79 during trading on Wednesday, reaching $41.00. The company's stock had a trading volume of 1,381,851 shares, compared to its average volume of 2,219,052. Aramark has a 12-month low of $26.58 and a 12-month high of $42.49. The company has a market capitalization of $10.82 billion, a P/E ratio of 41.41 and a beta of 1.63. The business has a 50 day moving average price of $38.88 and a 200-day moving average price of $35.98. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.42.

Aramark (NYSE:ARMK - Get Free Report) last released its quarterly earnings results on Monday, November 11th. The company reported $0.54 earnings per share for the quarter, meeting analysts' consensus estimates of $0.54. Aramark had a net margin of 1.51% and a return on equity of 14.06%. The business had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same period last year, the business earned $0.64 EPS. The business's revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Aramark will post 1.92 EPS for the current year.

Aramark Cuts Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Aramark from $43.00 to $45.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Morgan Stanley raised their target price on shares of Aramark from $38.00 to $40.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 12th. Robert W. Baird boosted their target price on Aramark from $38.00 to $44.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. UBS Group increased their price objective on shares of Aramark from $40.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Finally, StockNews.com raised shares of Aramark from a "sell" rating to a "hold" rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.23.

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.