Aramark (ARMK) Holdings Increased by Crestwood Advisors Group LLC
Crestwood Advisors Group LLC raised its holdings in Aramark (NYSE:ARMK) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 386,921 shares of the company’s stock after acquiring an additional 4,031 shares during the period. Crestwood Advisors Group LLC owned approximately 0.16% of Aramark worth $15,713,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Toronto Dominion Bank raised its holdings in shares of Aramark by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock valued at $124,000 after acquiring an additional 483 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Aramark by 85.7% in the 3rd quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock valued at $136,000 after acquiring an additional 1,542 shares in the last quarter. Acrospire Investment Management LLC raised its holdings in shares of Aramark by 98.5% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock valued at $149,000 after acquiring an additional 1,800 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Aramark by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock valued at $200,000 after acquiring an additional 374 shares in the last quarter. Finally, Highlander Capital Management LLC purchased a new stake in shares of Aramark in the 3rd quarter valued at about $203,000. 95.68% of the stock is currently owned by hedge funds and other institutional investors.
Aramark (NYSE:ARMK) opened at $42.07 on Thursday. The firm has a market capitalization of $10,357.79, a PE ratio of 23.88, a P/E/G ratio of 1.80 and a beta of 0.47. The company has a current ratio of 1.12, a quick ratio of 0.86 and a debt-to-equity ratio of 2.11. Aramark has a 1-year low of $32.87 and a 1-year high of $44.12.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Monday, November 27th were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.00%. This is a boost from Aramark’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, November 24th. Aramark’s dividend payout ratio (DPR) is currently 28.19%.
Several analysts have weighed in on ARMK shares. Zacks Investment Research raised Aramark from a “sell” rating to a “hold” rating in a report on Wednesday, November 22nd. Royal Bank of Canada raised their price target on Aramark from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Tuesday, October 17th. Nomura decreased their price objective on Aramark from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. BidaskClub raised Aramark from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Finally, Barclays reissued a “hold” rating and set a $45.00 price objective on shares of Aramark in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $44.83.
In other news, Director Sanjeev K. Mehra acquired 19,640 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average cost of $40.75 per share, with a total value of $800,330.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 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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