Barrow Hanley Mewhinney & Strauss LLC cut its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 33.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,247,986 shares of the company's stock after selling 3,617,638 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 2.73% of Aramark worth $270,422,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of ARMK. Arrowstreet Capital Limited Partnership acquired a new position in shares of Aramark in the 4th quarter valued at about $3,337,000. Pictet Asset Management Holding SA lifted its holdings in Aramark by 5.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 33,773 shares of the company's stock valued at $1,260,000 after acquiring an additional 1,644 shares during the period. Norges Bank purchased a new stake in Aramark in the 4th quarter worth approximately $88,949,000. Anthracite Investment Company Inc. increased its holdings in shares of Aramark by 5.5% during the 4th quarter. Anthracite Investment Company Inc. now owns 96,000 shares of the company's stock valued at $3,582,000 after purchasing an additional 5,000 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Aramark in the 4th quarter valued at $315,000.
Aramark Price Performance
ARMK stock traded down $0.98 during mid-day trading on Thursday, reaching $34.17. The company's stock had a trading volume of 398,955 shares, compared to its average volume of 2,085,276. 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's 50 day moving average is $36.54 and its two-hundred day moving average is $37.88. Aramark has a fifty-two week low of $29.82 and a fifty-two week high of $42.49. The stock has a market cap of $9.06 billion, a PE ratio of 26.91 and a beta of 1.60.
Aramark (NYSE:ARMK - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.61 billion. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The firm's revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. Equities research analysts expect that Aramark will post 1.92 EPS for the current year.
Aramark Increases Dividend
The company 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 a boost from Aramark's previous quarterly dividend of $0.00. This represents a $0.42 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Monday, February 10th. Aramark's dividend payout ratio (DPR) is presently 33.07%.
Analyst Ratings Changes
A number of research firms have weighed in on ARMK. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $47.00 price objective on shares of Aramark in a report on Thursday, February 6th. Robert W. Baird upped their price target on Aramark from $44.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Morgan Stanley raised their price objective on Aramark from $40.00 to $43.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Citigroup assumed coverage on Aramark in a research note on Monday, February 24th. They set a "buy" rating and a $48.00 target price for the company. Finally, StockNews.com cut shares of Aramark from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Aramark presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.42.
Read Our Latest Stock Analysis on Aramark
Aramark Profile
(
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.
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