Dupont Capital Management Corp trimmed its position in Aramark (NYSE:ARMK) by 37.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,800 shares of the company’s stock after selling 24,919 shares during the period. Dupont Capital Management Corp’s holdings in Aramark were worth $1,697,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in ARMK. Andra AP fonden grew its position in shares of Aramark by 13.1% in the third quarter. Andra AP fonden now owns 182,200 shares of the company’s stock valued at $7,399,000 after purchasing an additional 21,100 shares during the last quarter. Boston Financial Mangement LLC grew its position in shares of Aramark by 4.7% in the third quarter. Boston Financial Mangement LLC now owns 136,865 shares of the company’s stock valued at $5,558,000 after purchasing an additional 6,191 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Aramark by 3.5% in the third quarter. Victory Capital Management Inc. now owns 889,673 shares of the company’s stock valued at $36,130,000 after purchasing an additional 30,246 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Aramark in the third quarter valued at approximately $206,000. Finally, BARING ASSET MANAGEMENT Ltd acquired a new position in shares of Aramark in the third quarter valued at approximately $1,589,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.
Aramark (NYSE ARMK) traded up $0.08 during trading on Friday, reaching $40.82. 1,539,623 shares of the company were exchanged, compared to its average volume of 1,397,524. The stock has a market cap of $9,900.00, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.66 and a beta of 0.50. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.30 and a quick ratio of 1.00. Aramark has a fifty-two week low of $32.87 and a fifty-two week high of $44.12.
Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, November 14th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Aramark had a net margin of 2.56% and a return on equity of 19.69%. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period in the previous year, the business earned $0.49 EPS. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. equities research analysts anticipate that Aramark will post 2.01 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Monday, November 27th will be paid a $0.105 dividend. The ex-dividend date is Friday, November 24th. This is an increase from Aramark’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a yield of 1.03%. Aramark’s payout ratio is currently 27.70%.
Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Aramark from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Morgan Stanley increased their price target on Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Nomura reiterated a “buy” rating and issued a $45.00 price target (up from $43.00) on shares of Aramark in a research note on Wednesday, August 9th. Royal Bank Of Canada increased their price objective on Aramark from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Tuesday, October 17th. Finally, Barclays PLC reiterated a “hold” rating and set a $45.00 price target on shares of Aramark in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Aramark has an average rating of “Buy” and a consensus price target of $44.83.
Aramark Company Profile
Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).
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