Sarasin & Partners LLP boosted its stake in shares of Aramark (NYSE:ARMK) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 551,268 shares of the company’s stock after buying an additional 1,371 shares during the quarter. Sarasin & Partners LLP’s holdings in Aramark were worth $23,561,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of ARMK. Profund Advisors LLC purchased a new stake in Aramark during the 2nd quarter valued at about $219,000. Dimensional Fund Advisors LP boosted its holdings in Aramark by 11.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,480,505 shares of the company’s stock valued at $60,669,000 after acquiring an additional 147,313 shares during the period. Stifel Financial Corp purchased a new stake in Aramark during the 2nd quarter valued at about $494,000. HighTower Advisors LLC purchased a new stake in Aramark in the 2nd quarter worth approximately $208,000. Finally, Macquarie Group Ltd. lifted its holdings in Aramark by 131.7% in the 2nd quarter. Macquarie Group Ltd. now owns 345,023 shares of the company’s stock worth $14,139,000 after buying an additional 196,130 shares during the period. Institutional investors own 94.79% of the company’s stock.
Several research firms have weighed in on ARMK. BidaskClub upgraded Aramark from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Barclays increased their price objective on Aramark from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Saturday, December 30th. Nomura increased their price objective on Aramark from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Royal Bank of Canada reiterated a “buy” rating and issued a $50.00 price objective on shares of Aramark in a report on Wednesday. Finally, Stifel Nicolaus began coverage on Aramark in a report on Tuesday, December 19th. They issued a “buy” rating and a $50.00 price objective for the company. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Aramark currently has a consensus rating of “Buy” and a consensus target price of $47.00.
Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Aramark had a return on equity of 18.68% and a net margin of 3.65%. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.88 billion. During the same quarter last year, the business posted $0.55 EPS. The business’s revenue was up 6.2% on a year-over-year basis. sell-side analysts forecast that Aramark will post 1.96 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Tuesday, February 13th. Aramark’s payout ratio is presently 19.53%.
In other news, Director Sanjeev K. Mehra bought 19,640 shares of the stock in a transaction dated Thursday, November 16th. The stock was bought at an average price of $40.75 per share, for a total transaction of $800,330.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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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