FIL Ltd raised its holdings in Aramark (NYSE:ARMK - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,738,367 shares of the company's stock after acquiring an additional 31,399 shares during the quarter. FIL Ltd owned about 2.16% of Aramark worth $214,098,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Aramark by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 25,497,580 shares of the company's stock worth $951,315,000 after purchasing an additional 178,147 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Aramark by 63.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 13,593,734 shares of the company's stock valued at $507,182,000 after acquiring an additional 5,263,817 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Aramark by 29.5% in the 4th quarter. Franklin Resources Inc. now owns 8,511,152 shares of the company's stock valued at $317,551,000 after acquiring an additional 1,940,214 shares during the period. Geode Capital Management LLC boosted its stake in Aramark by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,363,113 shares of the company's stock worth $169,028,000 after acquiring an additional 45,384 shares during the last quarter. Finally, Norges Bank bought a new stake in Aramark in the fourth quarter valued at approximately $88,949,000.
Aramark Stock Down 0.7 %
NYSE:ARMK traded down $0.23 on Monday, hitting $32.90. 412,124 shares of the company's stock were exchanged, compared to its average volume of 2,091,628. The firm has a 50-day moving average price of $35.35 and a 200-day moving average price of $37.52. Aramark has a 52 week low of $29.82 and a 52 week high of $42.49. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.94 and a quick ratio of 0.84. The company has a market cap of $8.72 billion, a P/E ratio of 25.91 and a beta of 1.37.
Aramark (NYSE:ARMK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate 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 return on equity of 14.72% and a net margin of 1.94%. The business's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. As a group, analysts expect that Aramark will post 1.92 EPS for the current fiscal year.
Aramark Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 10th were paid a $0.105 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.42 dividend on an annualized basis and a yield of 1.28%. This is a boost from Aramark's previous quarterly dividend of $0.00. Aramark's dividend payout ratio (DPR) is currently 33.07%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on ARMK. Citigroup assumed coverage on shares of Aramark in a report on Monday, February 24th. They issued a "buy" rating and a $48.00 price target for the company. Royal Bank of Canada restated an "outperform" rating and issued a $47.00 price target on shares of Aramark in a report on Thursday, February 6th. StockNews.com cut Aramark from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Finally, UBS Group decreased their price objective on Aramark from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Friday. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $43.08.
View Our Latest Report on Aramark
About Aramark
(
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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