Magnetar Financial LLC lifted its stake in shares of Aramark (NYSE:ARMK) by 102.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,399 shares of the company’s stock after acquiring an additional 13,364 shares during the period. Magnetar Financial LLC’s holdings in Aramark were worth $1,072,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Asset Management One Co. Ltd. raised its holdings in Aramark by 1.0% in the third quarter. Asset Management One Co. Ltd. now owns 359,754 shares of the company’s stock valued at $14,607,000 after buying an additional 3,646 shares during the period. Tredje AP fonden raised its holdings in Aramark by 43.6% in the third quarter. Tredje AP fonden now owns 63,570 shares of the company’s stock valued at $2,582,000 after buying an additional 19,310 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in Aramark by 20.0% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 10,200 shares of the company’s stock valued at $414,000 after buying an additional 1,700 shares during the period. Dimensional Fund Advisors LP raised its holdings in Aramark by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,511,775 shares of the company’s stock valued at $61,392,000 after buying an additional 31,270 shares during the period. Finally, Brown Advisory Inc. raised its holdings in Aramark by 98.7% in the third quarter. Brown Advisory Inc. now owns 10,102 shares of the company’s stock valued at $410,000 after buying an additional 5,019 shares during the period. Institutional investors and hedge funds own 95.68% of the company’s stock.
Shares of Aramark (NYSE:ARMK) opened at $42.69 on Friday. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.12 and a quick ratio of 0.86. Aramark has a 1 year low of $32.87 and a 1 year high of $44.12. The stock has a market cap of $10,460.71, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 1.81 and a beta of 0.47.
Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, November 14th. The company reported $0.54 earnings per share (EPS) 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 company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter last year, the company earned $0.49 earnings per share. Aramark’s revenue for the quarter was up 3.1% on a year-over-year basis. equities research analysts forecast that Aramark will post 1.96 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Monday, November 27th were given a $0.105 dividend. This is an increase from Aramark’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, November 24th. This represents a $0.42 annualized dividend and a yield of 0.98%. 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 on Thursday, November 16th. The stock was bought at an average price of $40.75 per share, with a total value of $800,330.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is owned by company insiders.
Several research firms recently commented on ARMK. Zacks Investment Research upgraded shares of Aramark from a “sell” rating to a “hold” rating in a report on Wednesday, November 22nd. Nomura cut their price target on shares of Aramark from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Barclays restated a “hold” rating and issued a $45.00 price target on shares of Aramark in a report on Thursday, October 19th. BidaskClub upgraded shares of Aramark from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Finally, Royal Bank Of Canada raised their price target on shares of Aramark from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Tuesday, October 17th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $44.83.
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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