Daiwa Securities Group Inc. decreased its position in Aramark (NYSE:ARMK) by 13.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,084 shares of the company’s stock after selling 22,418 shares during the quarter. Daiwa Securities Group Inc. owned approximately 0.06% of Aramark worth $6,201,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Legal & General Group Plc increased its holdings in Aramark by 197.8% during the third quarter. Legal & General Group Plc now owns 1,128,918 shares of the company’s stock valued at $45,843,000 after buying an additional 749,812 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Aramark by 58.8% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,804,100 shares of the company’s stock worth $73,932,000 after acquiring an additional 668,047 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Aramark in the 3rd quarter worth about $15,806,000. First Manhattan Co. lifted its holdings in shares of Aramark by 7.4% in the 4th quarter. First Manhattan Co. now owns 5,187,057 shares of the company’s stock worth $221,694,000 after acquiring an additional 355,984 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Aramark in the 3rd quarter worth about $12,076,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.
Aramark (NYSE:ARMK) traded down $0.53 during midday trading on Monday, reaching $41.98. 759,300 shares of the company’s stock were exchanged, compared to its average volume of 1,419,721. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 2.56. The stock has a market cap of $10,320.01, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 1.76 and a beta of 0.51. Aramark has a 1-year low of $35.44 and a 1-year high of $46.09.
Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, February 6th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Aramark had a net margin of 3.65% and a return on equity of 18.68%. The business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter last year, the firm posted $0.55 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. equities research analysts expect that Aramark will post 1.99 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.00%. The ex-dividend date is Tuesday, February 13th. Aramark’s payout ratio is 19.53%.
Several research firms recently commented on ARMK. Barclays raised their price target on shares of Aramark from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Saturday, December 30th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $50.00 price target on shares of Aramark in a research note on Wednesday, February 7th. Stifel Nicolaus began coverage on shares of Aramark in a research note on Tuesday, December 19th. They issued a “buy” rating and a $50.00 price target on the stock. Morgan Stanley raised their price target on shares of Aramark from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Finally, Credit Suisse Group reissued an “outperform” rating and set a $50.00 target price on shares of Aramark in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $47.00.
WARNING: This article was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://ledgergazette.com/2018/02/19/aramark-armk-stake-decreased-by-daiwa-securities-group-inc.html.
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).
Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.