Invesco Ltd. Has $43.41 Million Position in Aramark (NYSE:ARMK)

Invesco Ltd. grew its position in Aramark (NYSE:ARMK - Free Report) by 24.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,163,577 shares of the company's stock after purchasing an additional 229,926 shares during the period. Invesco Ltd. owned about 0.44% of Aramark worth $43,413,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ARMK. Oregon Public Employees Retirement Fund increased its stake in shares of Aramark by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,654 shares of the company's stock valued at $2,002,000 after buying an additional 276 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Aramark by 45.7% during the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock worth $37,000 after acquiring an additional 310 shares during the last quarter. CIBC Asset Management Inc increased its position in Aramark by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 8,012 shares of the company's stock valued at $299,000 after acquiring an additional 391 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of 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 acquiring an additional 395 shares during the last quarter. Finally, Amalgamated Bank lifted its position in shares of Aramark by 0.4% during the fourth quarter. Amalgamated Bank now owns 126,029 shares of the company's stock worth $4,702,000 after purchasing an additional 447 shares in the last quarter.

Analyst Ratings Changes

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

Aramark Trading Up 2.7 %

NYSE:ARMK traded up $0.84 during mid-day trading on Tuesday, hitting $32.29. The company had a trading volume of 1,794,367 shares, compared to its average volume of 2,079,620. The firm has a market cap of $8.56 billion, a P/E ratio of 25.43 and a beta of 1.37. Aramark has a fifty-two week low of $29.82 and a fifty-two week high of $42.49. The business's fifty day moving average is $34.54 and its two-hundred day moving average is $37.23. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 0.94.

Aramark (NYSE:ARMK - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share 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 the consensus estimate of $4.61 billion. Aramark had a net margin of 1.94% and a return on equity of 14.72%. Aramark's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. As a group, research analysts expect that Aramark will post 1.92 earnings per share for the current year.

Aramark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 10th were issued a $0.105 dividend. This is a positive change from Aramark's previous quarterly dividend of $0.00. The ex-dividend date was Monday, February 10th. This represents a $0.42 annualized dividend and a dividend yield of 1.30%. Aramark's payout ratio is 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.