Rothschild & Co. Asset Management US Inc. lessened its stake in Aramark (NYSE:ARMK) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 819,080 shares of the company’s stock after selling 5,748 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Aramark were worth $23,729,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Levin Capital Strategies L.P. increased its holdings in Aramark by 305.6% during the fourth quarter. Levin Capital Strategies L.P. now owns 36,500 shares of the company’s stock worth $1,057,000 after buying an additional 27,500 shares during the last quarter. BB&T Securities LLC boosted its position in shares of Aramark by 26.9% in the fourth quarter. BB&T Securities LLC now owns 89,449 shares of the company’s stock valued at $2,591,000 after acquiring an additional 18,949 shares during the period. Beacon Pointe Advisors LLC bought a new stake in Aramark during the fourth quarter worth about $791,000. Montag & Caldwell LLC lifted its position in Aramark by 5.5% during the fourth quarter. Montag & Caldwell LLC now owns 1,240,365 shares of the company’s stock worth $35,933,000 after purchasing an additional 64,588 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its stake in Aramark by 4.5% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 233,922 shares of the company’s stock worth $6,777,000 after acquiring an additional 10,034 shares in the last quarter. 99.97% of the stock is owned by institutional investors.
In related news, Director Stephen I. Sadove purchased 6,000 shares of Aramark stock in a transaction on Thursday, December 13th. The stock was acquired at an average price of $32.72 per share, for a total transaction of $196,320.00. Following the completion of the transaction, the director now directly owns 37,314 shares in the company, valued at approximately $1,220,914.08. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Eric J. Foss acquired 92,564 shares of the company’s stock in a transaction dated Wednesday, December 12th. The stock was acquired at an average cost of $32.46 per share, with a total value of $3,004,627.44. Following the purchase, the chief executive officer now owns 1,679,407 shares of the company’s stock, valued at $54,513,551.22. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by insiders.
Shares of NYSE ARMK opened at $30.83 on Wednesday. The stock has a market cap of $7.88 billion, a P/E ratio of 15.49, a PEG ratio of 1.49 and a beta of 1.20. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.04 and a current ratio of 1.21. Aramark has a 1-year low of $27.37 and a 1-year high of $43.70.
Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, February 5th. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.08. The company had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Aramark had a return on equity of 17.81% and a net margin of 3.27%. Aramark’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. As a group, equities analysts expect that Aramark will post 2.12 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Thursday, February 14th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, February 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.43%. Aramark’s dividend payout ratio (DPR) is currently 22.11%.
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Aramark Company Profile
Aramark provides food, facilities management, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It operates in three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.
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