Proficio Capital Partners LLC Takes $1.07 Million Position in Aramark (NYSE:ARMK)

Proficio Capital Partners LLC acquired a new position in Aramark (NYSE:ARMK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 28,691 shares of the company's stock, valued at approximately $1,070,000.

Other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its holdings in Aramark by 45.7% in the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock valued at $37,000 after purchasing an additional 310 shares during the period. UMB Bank n.a. lifted its holdings in Aramark by 75.2% in the 4th quarter. UMB Bank n.a. now owns 1,354 shares of the company's stock worth $51,000 after buying an additional 581 shares during the period. Global Retirement Partners LLC boosted its holdings in Aramark by 167.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,424 shares of the company's stock valued at $53,000 after acquiring an additional 891 shares in the last quarter. Quarry LP raised its stake in Aramark by 1,322.0% in the third quarter. Quarry LP now owns 2,972 shares of the company's stock worth $115,000 after buying an additional 2,763 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Aramark by 29.9% in the 4th quarter. GAMMA Investing LLC now owns 4,297 shares of the company's stock valued at $160,000 after purchasing an additional 990 shares during the period.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Citigroup initiated coverage on shares of Aramark in a report on Monday, February 24th. They set a "buy" rating and a $48.00 target price for the company. Robert W. Baird increased their price objective on Aramark from $44.00 to $45.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. StockNews.com lowered Aramark from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Morgan Stanley increased their price target on Aramark from $40.00 to $43.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $47.00 price target on shares of Aramark in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $43.42.

Remove Ads

Aramark Trading Down 0.2 %

NYSE:ARMK traded down $0.08 during mid-day trading on Tuesday, hitting $34.08. 2,069,138 shares of the stock traded hands, compared to its average volume of 2,027,521. The firm's 50 day moving average is $37.15 and its two-hundred day moving average is $38.04. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 26.83 and a beta of 1.60. 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 has a 52 week low of $29.82 and a 52 week high of $42.49.

Aramark (NYSE:ARMK - Get Free Report) last issued its 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 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%. Aramark's revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. On average, equities research analysts predict that Aramark will post 1.92 earnings per share for the current year.

Aramark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 10th were paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.23%. This is an increase from Aramark's previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Monday, February 10th. Aramark's dividend payout ratio (DPR) is 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.