Russell Investments Group Ltd. cut its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 443,804 shares of the company's stock after selling 21,559 shares during the quarter. Russell Investments Group Ltd. owned about 0.17% of Aramark worth $16,537,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARMK. Y Intercept Hong Kong Ltd bought a new stake in shares of Aramark during the 3rd quarter worth about $716,000. Franklin Resources Inc. increased its holdings 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 buying an additional 441,711 shares during the period. Sarasin & Partners LLP boosted its stake in Aramark by 15.9% in the fourth quarter. Sarasin & Partners LLP now owns 259,364 shares of the company's stock valued at $9,677,000 after buying an additional 35,616 shares in the last quarter. Geode Capital Management LLC lifted its stake in 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 purchasing an additional 45,384 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Aramark by 45.7% during the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock valued at $37,000 after acquiring an additional 310 shares in the last quarter.
Aramark Stock Performance
NYSE ARMK traded up $0.11 during trading hours on Tuesday, reaching $32.79. 301,317 shares of the company were exchanged, compared to its average volume of 2,091,565. Aramark has a 1 year low of $29.82 and a 1 year high of $42.49. The business's 50 day simple moving average is $35.24 and its 200-day simple moving average is $37.48. The stock has a market capitalization of $8.69 billion, a P/E ratio of 25.83 and a beta of 1.37. 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, topping analysts' consensus estimates of $0.48 by $0.03. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.61 billion. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the business posted $0.41 earnings per share. On average, equities research analysts expect that Aramark will post 1.92 earnings per share for the current year.
Aramark Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 10th were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.28%. 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. Aramark's payout ratio is currently 33.07%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on ARMK shares. Citigroup started coverage on shares of Aramark in a research report on Monday, February 24th. They set a "buy" rating and a $48.00 target price on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $47.00 price target on shares of Aramark in a research report on Thursday, February 6th. StockNews.com downgraded shares of Aramark from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, UBS Group dropped their target price on shares of Aramark from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Friday. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.08.
Read Our Latest Analysis on Aramark
About Aramark
(
Free Report)
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.
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