Levin Capital Strategies L.P. Sells 11,700 Shares of Aramark (ARMK)

Levin Capital Strategies L.P. lessened its holdings in Aramark (NYSE:ARMK) by 43.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the company’s stock after selling 11,700 shares during the period. Levin Capital Strategies L.P.’s holdings in Aramark were worth $641,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Atlanta Capital Management Co. L L C raised its position in shares of Aramark by 0.5% in the third quarter. Atlanta Capital Management Co. L L C now owns 9,981,130 shares of the company’s stock valued at $405,334,000 after buying an additional 49,737 shares during the last quarter. First Manhattan Co. raised its position in shares of Aramark by 7.4% in the fourth quarter. First Manhattan Co. now owns 5,187,057 shares of the company’s stock valued at $221,694,000 after buying an additional 355,984 shares during the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Aramark by 0.3% in the third quarter. Frontier Capital Management Co. LLC now owns 3,466,544 shares of the company’s stock valued at $140,776,000 after buying an additional 10,207 shares during the last quarter. Global Thematic Partners LLC raised its position in shares of Aramark by 7.5% in the fourth quarter. Global Thematic Partners LLC now owns 2,023,940 shares of the company’s stock valued at $86,503,000 after buying an additional 141,675 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Aramark by 2.2% in the fourth quarter. Swiss National Bank now owns 1,955,200 shares of the company’s stock valued at $83,565,000 after buying an additional 42,100 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

ARMK has been the subject of several research analyst reports. Barclays upped their price target on shares of Aramark from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Saturday, December 30th. Royal Bank of Canada reaffirmed a “buy” rating and set a $50.00 price target on shares of Aramark in a research report on Wednesday, February 7th. Stifel Nicolaus initiated coverage on shares of Aramark in a research report on Tuesday, December 19th. They set a “buy” rating and a $50.00 price target for the company. Morgan Stanley upped their price target on shares of Aramark from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $50.00 price target on shares of Aramark in a research report on Wednesday, January 24th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $47.00.

Shares of Aramark (ARMK) opened at $41.98 on Friday. Aramark has a 52-week low of $35.44 and a 52-week high of $46.09. The stock has a market cap of $10,319.99, a price-to-earnings ratio of 23.32, a PEG ratio of 1.76 and a beta of 0.51. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 2.56.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Aramark had a net margin of 3.65% and a return on equity of 18.68%. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. research analysts forecast that Aramark will post 1.99 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Tuesday, February 13th. Aramark’s payout ratio is currently 19.53%.

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Aramark 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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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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