Neuberger Berman Group LLC Buys 149,728 Shares of Aramark (NYSE:ARMK)

Neuberger Berman Group LLC boosted its position in Aramark (NYSE:ARMK - Free Report) by 7.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,062,121 shares of the company's stock after buying an additional 149,728 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.78% of Aramark worth $76,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Captrust Financial Advisors lifted its stake 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 in the last quarter. HighTower Advisors LLC grew its position in Aramark by 2.5% during the 3rd 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. Y Intercept Hong Kong Ltd bought a new stake in Aramark in the 3rd quarter worth $716,000. Barclays PLC grew its position in shares of Aramark by 57.6% in the 3rd quarter. Barclays PLC now owns 189,418 shares of the company's stock worth $7,336,000 after buying an additional 69,223 shares during the last quarter. Finally, M&T Bank Corp lifted its position in shares of Aramark by 5.5% in the 3rd quarter. M&T Bank Corp now owns 16,206 shares of the company's stock worth $628,000 after purchasing an additional 838 shares during the period.

Wall Street Analyst Weigh In

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

Remove Ads

Aramark Trading Down 0.2 %

Shares of NYSE:ARMK traded down $0.05 during trading on Tuesday, reaching $32.63. The company's stock had a trading volume of 377,729 shares, compared to its average volume of 2,091,919. The stock has a market capitalization of $8.65 billion, a PE ratio of 25.69 and a beta of 1.37. Aramark has a 12 month low of $29.82 and a 12 month high of $42.49. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The firm's 50 day simple moving average is $35.24 and its two-hundred day simple moving average is $37.48.

Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.61 billion. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The company's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company earned $0.41 EPS. On average, research analysts predict that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 10th were paid a $0.105 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.42 annualized dividend and a dividend yield of 1.29%. This is an increase from Aramark's previous quarterly dividend of $0.00. Aramark's dividend payout ratio is currently 33.07%.

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.