Black Creek Investment Management Inc. Has $23.05 Million Holdings in Aramark (NYSE:ARMK)

Black Creek Investment Management Inc. lifted its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 617,830 shares of the company's stock after buying an additional 30,027 shares during the period. Aramark accounts for approximately 1.1% of Black Creek Investment Management Inc.'s holdings, making the stock its 12th biggest position. Black Creek Investment Management Inc. owned 0.23% of Aramark worth $23,051,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Captrust Financial Advisors grew its position in Aramark by 9.1% in the 3rd quarter. Captrust Financial Advisors now owns 7,955 shares of the company's stock worth $308,000 after purchasing an additional 662 shares during the last quarter. HighTower Advisors LLC lifted its position in Aramark by 2.5% in the third quarter. HighTower Advisors LLC now owns 16,504 shares of the company's stock worth $643,000 after purchasing an additional 395 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Aramark in the 3rd quarter worth $716,000. Barclays PLC boosted its stake in Aramark by 57.6% during the third quarter. Barclays PLC now owns 189,418 shares of the company's stock valued at $7,336,000 after buying an additional 69,223 shares in the last quarter. Finally, M&T Bank Corp raised its position in Aramark by 5.5% in the third quarter. M&T Bank Corp now owns 16,206 shares of the company's stock worth $628,000 after acquiring an additional 838 shares in the last quarter.

Aramark Stock Up 0.6 %

Shares of ARMK traded up $0.20 during midday trading on Friday, reaching $32.18. 958,272 shares of the stock were exchanged, compared to its average volume of 2,089,516. The company has a market cap of $8.53 billion, a price-to-earnings ratio of 25.33 and a beta of 1.37. The firm has a 50 day simple moving average of $34.90 and a 200-day simple moving average of $37.37. Aramark has a 12-month low of $29.82 and a 12-month high of $42.49. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 1.61.

Aramark (NYSE:ARMK - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The firm had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.61 billion. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The company's revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. Research analysts forecast that Aramark will post 1.92 EPS for the current year.

Aramark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 10th were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Aramark's previous quarterly dividend of $0.00. Aramark's dividend payout ratio is 33.07%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ARMK shares. StockNews.com lowered shares of Aramark from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. UBS Group cut their price objective on Aramark from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Citigroup initiated coverage on shares of Aramark in a report on Monday, February 24th. They set a "buy" rating and a $48.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $47.00 price objective on shares of Aramark in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.08.

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.