Raymond James Trust N.A. raised its holdings in Aramark (NYSE:ARMK – Free Report) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,511 shares of the company’s stock after purchasing an additional 474 shares during the quarter. Raymond James Trust N.A.’s holdings in Aramark were worth $305,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. U.S. Capital Wealth Advisors LLC acquired a new position in Aramark in the 4th quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Aramark during the fourth quarter worth approximately $26,000. Whittier Trust Co. lifted its holdings in shares of Aramark by 59.0% during the first quarter. Whittier Trust Co. now owns 835 shares of the company’s stock worth $30,000 after purchasing an additional 310 shares during the period. PNC Financial Services Group Inc. grew its position in 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 during the last quarter. Finally, Sound Income Strategies LLC purchased a new position in Aramark during the 1st quarter worth $86,000.
Wall Street Analyst Weigh In
ARMK has been the topic of several analyst reports. Sanford C. Bernstein raised shares of Aramark from a “market perform” rating to an “outperform” rating and set a $49.00 target price on the stock in a report on Monday, July 17th. StockNews.com began coverage on Aramark in a research note on Thursday, May 18th. They set a “hold” rating for the company. UBS Group started coverage on Aramark in a research note on Wednesday, May 31st. They issued a “neutral” rating and a $42.00 price target on the stock. Finally, TheStreet upgraded Aramark from a “c+” rating to a “b-” rating in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.27.
Aramark Stock Down 4.8 %
ARMK stock opened at $38.30 on Thursday. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.21 and a quick ratio of 1.01. The company’s 50 day simple moving average is $41.08 and its 200-day simple moving average is $38.83. Aramark has a 12 month low of $30.72 and a 12 month high of $45.72. The firm has a market capitalization of $9.98 billion, a PE ratio of 40.75, a P/E/G ratio of 0.98 and a beta of 1.62.
Aramark (NYSE:ARMK – Get Free Report) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02. Aramark had a return on equity of 12.21% and a net margin of 1.39%. The company had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.39 billion. Equities analysts expect that Aramark will post 1.71 earnings per share for the current fiscal year.
Aramark Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Wednesday, August 16th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.44 dividend on an annualized basis and a yield of 1.15%. Aramark’s dividend payout ratio (DPR) is 46.81%.
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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