Thrivent Financial for Lutherans Cuts Position in Aramark (NYSE:ARMK)

Thrivent Financial for Lutherans reduced its stake in shares of Aramark (NYSE:ARMK - Free Report) by 44.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,445 shares of the company's stock after selling 50,649 shares during the quarter. Thrivent Financial for Lutherans' holdings in Aramark were worth $2,330,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in shares of Aramark by 45.7% during the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock worth $37,000 after acquiring an additional 310 shares in the last quarter. UMB Bank n.a. boosted its position in Aramark by 75.2% during the fourth quarter. UMB Bank n.a. now owns 1,354 shares of the company's stock worth $51,000 after purchasing an additional 581 shares in the last quarter. Global Retirement Partners LLC grew 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 purchasing an additional 891 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of Aramark in the fourth quarter valued at approximately $83,000. Finally, Quarry LP raised its stake in shares of Aramark by 1,322.0% during the 3rd quarter. Quarry LP now owns 2,972 shares of the company's stock worth $115,000 after buying an additional 2,763 shares during the period.

Analyst Ratings Changes

ARMK has been the topic of a number of research analyst reports. Robert W. Baird lifted their price target 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. Morgan Stanley upped their price target on shares of Aramark from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Royal Bank of Canada reiterated an "outperform" rating and set a $47.00 price objective on shares of Aramark in a research note on Thursday, February 6th. Citigroup initiated coverage on Aramark in a research report on Monday, February 24th. They issued a "buy" rating and a $48.00 target price on the stock. Finally, StockNews.com lowered Aramark from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Aramark has an average rating of "Moderate Buy" and an average price target of $43.42.

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Aramark Trading Up 1.0 %

NYSE:ARMK traded up $0.36 on Monday, hitting $34.56. The stock had a trading volume of 2,240,097 shares, compared to its average volume of 2,095,620. The company has a fifty day moving average price of $36.67 and a two-hundred day moving average price of $37.92. Aramark has a 1-year low of $29.82 and a 1-year high of $42.49. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of 27.21 and a beta of 1.60.

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

Aramark Increases Dividend

The business also recently disclosed 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. This represents a $0.42 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Monday, February 10th. Aramark's payout ratio is 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.