Natixis Advisors L.P. increased its position in Aramark (NYSE:ARMK) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,278 shares of the company’s stock after buying an additional 1,389 shares during the quarter. Natixis Advisors L.P.’s holdings in Aramark were worth $3,724,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of ARMK. Dimensional Fund Advisors LP raised its position in shares of Aramark by 55.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,707,484 shares of the company’s stock worth $78,432,000 after buying an additional 969,260 shares during the period. Geode Capital Management LLC raised its position in shares of Aramark by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 2,491,849 shares of the company’s stock worth $72,143,000 after buying an additional 112,911 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Aramark by 47.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 20,039 shares of the company’s stock worth $592,000 after buying an additional 6,446 shares during the period. Comerica Bank raised its position in shares of Aramark by 10.0% in the 1st quarter. Comerica Bank now owns 12,813 shares of the company’s stock worth $390,000 after buying an additional 1,164 shares during the period. Finally, Boston Partners purchased a new position in shares of Aramark in the 1st quarter worth $3,011,000. 98.53% of the stock is currently owned by institutional investors and hedge funds.
NYSE ARMK traded down $0.01 during trading hours on Friday, hitting $43.11. The company had a trading volume of 18,608 shares, compared to its average volume of 3,034,797. Aramark has a fifty-two week low of $25.49 and a fifty-two week high of $43.70. The company has a market capitalization of $10.41 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 2.39 and a beta of 0.89. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.22 and a quick ratio of 1.04. The firm’s 50 day moving average is $38.73 and its 200 day moving average is $34.02.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.02%. Aramark’s dividend payout ratio is presently 22.11%.
In other news, insider Keith Bethel sold 7,500 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $37.40, for a total transaction of $280,500.00. Following the transaction, the insider now owns 43,692 shares of the company’s stock, valued at $1,634,080.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.30% of the company’s stock.
Several research analysts recently weighed in on the company. Stifel Nicolaus raised Aramark from a “hold” rating to a “buy” rating and increased their target price for the stock from $36.00 to $49.00 in a research report on Monday, August 19th. Zacks Investment Research raised Aramark from a “sell” rating to a “hold” rating in a research report on Tuesday, July 16th. ValuEngine raised Aramark from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Robert W. Baird increased their target price on Aramark from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Finally, Royal Bank of Canada set a $49.00 price target on Aramark and gave the company a “buy” rating in a report on Monday, August 26th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $43.62.
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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