Egerton Capital UK LLP Sells 23,070 Shares of Aramark (NYSE:ARMK)

Egerton Capital UK LLP trimmed its position in shares of Aramark (NYSE:ARMK - Free Report) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,159,072 shares of the company's stock after selling 23,070 shares during the period. Aramark accounts for approximately 0.5% of Egerton Capital UK LLP's holdings, making the stock its 28th biggest position. Egerton Capital UK LLP owned approximately 0.44% of Aramark worth $43,245,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ARMK. Capital Performance Advisors LLP acquired a new position in Aramark during the 3rd quarter valued at about $28,000. Assetmark Inc. boosted its stake in Aramark by 62.7% during the 3rd quarter. Assetmark Inc. now owns 2,154 shares of the company's stock valued at $83,000 after purchasing an additional 830 shares during the period. Sigma Planning Corp lifted its stake in shares of Aramark by 7.1% in the 3rd quarter. Sigma Planning Corp now owns 12,666 shares of the company's stock worth $491,000 after acquiring an additional 842 shares during the period. GSA Capital Partners LLP lifted its stake in shares of Aramark by 24.1% in the 3rd quarter. GSA Capital Partners LLP now owns 35,227 shares of the company's stock worth $1,364,000 after acquiring an additional 6,837 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Aramark by 25.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,733 shares of the company's stock worth $454,000 after acquiring an additional 2,406 shares during the period.

Remove Ads

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of Aramark from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Morgan Stanley upped their price target on shares of Aramark from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Citigroup assumed coverage on shares of Aramark in a research note on Monday, February 24th. They issued a "buy" rating and a $48.00 price target for the company. Robert W. Baird upped their price target on shares of Aramark from $44.00 to $45.00 and gave the stock a "neutral" rating in a research note 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 report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.42.

Aramark Trading Up 3.1 %

Shares of ARMK stock traded up $1.08 during trading hours on Friday, reaching $35.51. 1,783,527 shares of the stock traded hands, compared to its average volume of 2,021,204. Aramark has a 1-year low of $29.82 and a 1-year high of $42.49. The business has a fifty day moving average price of $37.38 and a 200 day moving average price of $38.09. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $9.41 billion, a PE ratio of 27.96 and a beta of 1.60.

Aramark (NYSE:ARMK - Get Free Report) last released its quarterly 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 business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.61 billion. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The firm's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. On average, equities research analysts forecast that Aramark will post 1.92 EPS for the current year.

Aramark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 10th were paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Aramark's previous quarterly dividend of $0.00. Aramark's dividend payout ratio is currently 33.07%.

About Aramark

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.