Aramark (ARMK) Holdings Lifted by New York State Common Retirement Fund
New York State Common Retirement Fund raised its position in Aramark (NYSE:ARMK) by 1.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 597,783 shares of the company’s stock after buying an additional 7,000 shares during the period. New York State Common Retirement Fund owned about 0.24% of Aramark worth $24,276,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pitcairn Co. increased its stake in shares of Aramark by 3.2% during the second quarter. Pitcairn Co. now owns 8,330 shares of the company’s stock worth $341,000 after purchasing an additional 255 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Aramark by 8.3% during the second quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock worth $200,000 after purchasing an additional 374 shares in the last quarter. Howard Hughes Medical Institute grew its stake in Aramark by 0.7% during the 2nd quarter. Howard Hughes Medical Institute now owns 57,423 shares of the company’s stock valued at $2,353,000 after acquiring an additional 382 shares in the last quarter. Utah Retirement Systems grew its stake in Aramark by 0.9% during the 2nd quarter. Utah Retirement Systems now owns 44,500 shares of the company’s stock valued at $1,824,000 after acquiring an additional 400 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in Aramark by 19.0% during 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. 95.68% of the stock is owned by institutional investors.
In other Aramark news, Director Sanjeev K. Mehra bought 19,640 shares of Aramark stock in a transaction on Thursday, November 16th. The shares were bought at an average cost of $40.75 per share, for a total transaction of $800,330.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.90% of the stock is owned by corporate insiders.
Shares of Aramark (ARMK) opened at $42.92 on Tuesday. The stock has a market cap of $10,460.71, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 1.81 and a beta of 0.47. Aramark has a fifty-two week low of $32.87 and a fifty-two week high of $44.12. 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 (NYSE:ARMK) last released its earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.70 billion. Aramark had a net margin of 2.56% and a return on equity of 19.29%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. equities analysts predict that Aramark will post 1.96 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Monday, November 27th were issued a dividend of $0.105 per share. The ex-dividend date was Friday, November 24th. This is a positive change from Aramark’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a yield of 0.98%. Aramark’s dividend payout ratio is 28.19%.
Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of Aramark from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Royal Bank of Canada upped their price objective on shares of Aramark from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Tuesday, October 17th. Barclays reaffirmed a “hold” rating and set a $45.00 price objective on shares of Aramark in a research note on Thursday, October 19th. Nomura boosted their target price on shares of Aramark from $45.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. Finally, BidaskClub upgraded shares of Aramark from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Aramark currently has an average rating of “Buy” and a consensus target price of $44.83.
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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