New York State Common Retirement Fund Has $5.41 Million Stake in Aramark (NYSE:ARMK)

New York State Common Retirement Fund cut its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,105 shares of the company's stock after selling 8,000 shares during the quarter. New York State Common Retirement Fund owned 0.05% of Aramark worth $5,414,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Huntington National Bank increased its holdings in shares of Aramark by 100.3% during the third quarter. Huntington National Bank now owns 681 shares of the company's stock worth $26,000 after purchasing an additional 341 shares during the period. Capital Performance Advisors LLP bought a new position in Aramark in the third quarter valued at approximately $28,000. UMB Bank n.a. increased its stake in Aramark by 75.2% in the fourth quarter. UMB Bank n.a. now owns 1,354 shares of the company's stock valued at $51,000 after acquiring an additional 581 shares during the last quarter. Assetmark Inc. increased its stake in Aramark by 62.7% in the third quarter. Assetmark Inc. now owns 2,154 shares of the company's stock valued at $83,000 after acquiring an additional 830 shares during the last quarter. Finally, Quarry LP increased its stake in Aramark by 1,322.0% in the third quarter. Quarry LP now owns 2,972 shares of the company's stock valued at $115,000 after acquiring an additional 2,763 shares during the last quarter.

Analyst Upgrades and Downgrades

ARMK has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective on shares of Aramark from $40.00 to $43.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Robert W. Baird lifted their price objective on shares of Aramark from $44.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Stifel Nicolaus lifted their price objective on shares of Aramark from $43.00 to $45.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $47.00 price objective on shares of Aramark in a research note on Thursday, February 6th. Finally, Citigroup initiated coverage on shares of Aramark in a research note on Monday, February 24th. They set a "buy" rating and a $48.00 target price 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 data from MarketBeat, Aramark presently has a consensus rating of "Moderate Buy" and an average target price of $43.42.

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Aramark Trading Down 2.6 %

Shares of NYSE:ARMK traded down $0.97 during mid-day trading on Monday, reaching $36.08. 1,066,987 shares of the company's stock were exchanged, compared to its average volume of 2,053,189. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of 28.39 and a beta of 1.64. The business's fifty day moving average price is $37.79 and its 200-day moving average price is $38.13. 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 has a twelve month low of $29.82 and a twelve month high of $42.49.

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, topping 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%. Aramark'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, 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. Investors 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 of this dividend was Monday, February 10th. This represents a $0.42 annualized dividend and a yield of 1.16%. Aramark's payout ratio is presently 33.07%.

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.