Leeward Investments LLC MA Decreases Holdings in Aramark (NYSE:ARMK)

Leeward Investments LLC MA cut its position in Aramark (NYSE:ARMK - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 209,332 shares of the company's stock after selling 7,620 shares during the period. Leeward Investments LLC MA owned 0.08% of Aramark worth $7,810,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ARMK. Janus Henderson Group PLC lifted its stake in Aramark by 6.0% during the third quarter. Janus Henderson Group PLC now owns 15,714,443 shares of the company's stock worth $608,619,000 after purchasing an additional 896,288 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Aramark by 70.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,329,917 shares of the company's stock worth $322,618,000 after purchasing an additional 3,430,131 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Aramark by 7.2% during the 3rd quarter. Franklin Resources Inc. now owns 6,570,938 shares of the company's stock worth $254,427,000 after buying an additional 441,711 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Aramark by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,363,113 shares of the company's stock valued at $169,028,000 after buying an additional 45,384 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Aramark by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,732,661 shares of the company's stock valued at $67,106,000 after buying an additional 14,839 shares during the last quarter.

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Aramark Price Performance

Shares of ARMK traded down $0.27 during trading hours on Thursday, reaching $36.47. 1,267,680 shares of the company traded hands, compared to its average volume of 2,093,747. The stock has a market capitalization of $9.67 billion, a PE ratio of 28.72 and a beta of 1.64. The stock has a fifty day simple moving average of $37.82 and a 200 day simple moving average of $38.09. Aramark has a fifty-two week low of $29.82 and a fifty-two week 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 released 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 company 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 quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. As a group, research analysts predict that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 10th were issued a $0.105 dividend. The ex-dividend date was Monday, February 10th. This is an increase from Aramark's previous quarterly dividend of $0.00. This represents a $0.42 annualized dividend and a yield of 1.15%. Aramark's payout ratio is 33.07%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ARMK shares. Citigroup initiated coverage on shares of Aramark in a research report on Monday. They set a "buy" rating and a $48.00 target price on the stock. StockNews.com downgraded shares of Aramark from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Truist Financial upped their target price on shares of Aramark from $42.00 to $46.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. raised their price target on Aramark from $41.00 to $45.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Finally, Robert W. Baird boosted their target price on shares of Aramark from $44.00 to $45.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. 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.com, Aramark has a consensus rating of "Moderate Buy" and an average target price of $43.42.

Aramark 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.