Robeco Institutional Asset Management B.V. Increases Holdings in Aramark (NYSE:ARMK)

Robeco Institutional Asset Management B.V. increased its stake in Aramark (NYSE:ARMK - Free Report) by 899.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 105,372 shares of the company's stock after buying an additional 94,825 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Aramark were worth $3,931,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

ARMK has been the topic of several research reports. Stifel Nicolaus boosted their price target on shares of Aramark from $43.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Truist Financial increased their target price on Aramark from $42.00 to $46.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. StockNews.com cut Aramark from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. UBS Group raised their target price on Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on Aramark from $41.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Aramark presently has a consensus rating of "Moderate Buy" and an average target price of $42.59.

Aramark Price Performance

ARMK stock opened at $38.87 on Monday. The firm has a 50 day simple moving average of $38.88 and a two-hundred day simple moving average of $37.63. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.81 and a quick ratio of 0.72. The stock has a market cap of $10.30 billion, a PE ratio of 39.26 and a beta of 1.64. Aramark has a one year low of $28.51 and a one year high of $42.49.

Aramark (NYSE:ARMK - Get Free Report) last released its earnings results on Monday, November 11th. The company reported $0.54 EPS for the quarter, meeting analysts' consensus estimates of $0.54. Aramark had a return on equity of 14.06% and a net margin of 1.51%. The business had revenue of $4.42 billion for the quarter, compared to analysts' expectations of $4.46 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The firm's revenue was up 5.2% on a year-over-year basis. On average, analysts predict that Aramark will post 1.93 EPS for the current fiscal year.

Aramark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, February 10th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.42 annualized dividend and a yield of 1.08%. This is a positive change from Aramark's previous quarterly dividend of $0.00. Aramark's dividend payout ratio is currently 42.42%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.