Pegasus Partners Ltd. boosted its stake in shares of Aramark (NYSE:ARMK) by 41.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,938 shares of the company’s stock after buying an additional 30,941 shares during the quarter. Pegasus Partners Ltd.’s holdings in Aramark were worth $4,262,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Capstone Asset Management Co. purchased a new stake in Aramark during the 2nd quarter worth approximately $208,000. Bank of Montreal Can boosted its holdings in shares of Aramark by 11.5% in the 2nd quarter. Bank of Montreal Can now owns 23,097 shares of the company’s stock valued at $947,000 after acquiring an additional 2,373 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in shares of Aramark by 116.8% in the 2nd quarter. LS Investment Advisors LLC now owns 7,958 shares of the company’s stock valued at $326,000 after acquiring an additional 4,288 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Aramark by 57.0% in the 2nd quarter. Aperio Group LLC now owns 33,528 shares of the company’s stock valued at $1,374,000 after acquiring an additional 12,167 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Aramark by 190.0% in the 2nd quarter. US Bancorp DE now owns 18,612 shares of the company’s stock valued at $763,000 after purchasing an additional 12,195 shares during the period. Institutional investors and hedge funds own 95.68% of the company’s stock.
ARMK has been the subject of a number of research analyst reports. Nomura restated a “buy” rating and set a $45.00 price objective (up from $43.00) on shares of Aramark in a research report on Wednesday, August 9th. Morgan Stanley upped their target price on shares of Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. BidaskClub lowered shares of Aramark from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Aramark in a report on Thursday, October 5th. Finally, Zacks Investment Research lowered shares of Aramark from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.83.
Shares of Aramark (NYSE:ARMK) opened at $42.42 on Wednesday. The stock has a market cap of $10,477.86, a PE ratio of 24.16, a PEG ratio of 1.82 and a beta of 0.47. Aramark has a 1 year low of $32.87 and a 1 year high of $44.12. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.86 and a current ratio of 1.12.
Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Aramark had a net margin of 2.56% and a return on equity of 19.29%. The firm had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter last year, the company earned $0.49 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. research analysts expect that Aramark will post 1.96 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Monday, November 27th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, November 24th. This is a positive change from Aramark’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.99%. Aramark’s dividend payout ratio (DPR) is 28.19%.
In other news, Director Sanjeev K. Mehra acquired 19,640 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were purchased at an average cost of $40.75 per share, for a total transaction of $800,330.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.90% of the company’s stock.
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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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