Assenagon Asset Management S.A. bought a new position in shares of Aramark (NYSE:ARMK – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 436,408 shares of the company’s stock, valued at approximately $15,623,000. Assenagon Asset Management S.A. owned 0.17% of Aramark as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Utah Retirement Systems raised its stake in Aramark by 0.7% in the 3rd quarter. Utah Retirement Systems now owns 41,769 shares of the company’s stock worth $1,303,000 after purchasing an additional 300 shares in the last quarter. Commerce Bank raised its position in shares of Aramark by 4.4% in the 4th quarter. Commerce Bank now owns 7,337 shares of the company’s stock valued at $303,000 after buying an additional 310 shares in the last quarter. Toroso Investments LLC raised its position in shares of Aramark by 5.3% in the 3rd quarter. Toroso Investments LLC now owns 7,858 shares of the company’s stock valued at $245,000 after buying an additional 399 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Aramark by 35.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,693 shares of the company’s stock valued at $64,000 after buying an additional 447 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Aramark by 1.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 32,630 shares of the company’s stock valued at $1,349,000 after buying an additional 479 shares in the last quarter.
Aramark Trading Up 0.8 %
ARMK opened at $43.05 on Friday. The company’s 50 day moving average price is $38.52 and its two-hundred day moving average price is $38.92. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.21 and a quick ratio of 1.01. Aramark has a fifty-two week low of $29.67 and a fifty-two week high of $45.72. The firm has a market capitalization of $11.22 billion, a price-to-earnings ratio of 45.80, a PEG ratio of 1.02 and a beta of 1.65.
Aramark Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Wednesday, May 17th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Tuesday, May 16th. Aramark’s dividend payout ratio is currently 46.81%.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Stifel Nicolaus dropped their target price on shares of Aramark from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, April 4th. Sanford C. Bernstein assumed coverage on shares of Aramark in a research report on Wednesday, April 19th. They issued a “market perform” rating and a $38.00 target price for the company. Robert W. Baird decreased their price target on shares of Aramark from $43.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, March 22nd. Morgan Stanley decreased their price target on shares of Aramark from $43.00 to $40.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 21st. Finally, StockNews.com assumed coverage on shares of Aramark in a report on Thursday, May 18th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Aramark presently has a consensus rating of “Hold” and a consensus price target of $41.27.
About Aramark
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.
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