Aramark (ARMK) Holdings Lifted by Victory Capital Management Inc.
Victory Capital Management Inc. boosted its stake in shares of Aramark (NYSE:ARMK) by 87.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,213,283 shares of the company’s stock after buying an additional 566,308 shares during the quarter. Victory Capital Management Inc. owned 0.49% of Aramark worth $45,013,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Omnia Family Wealth LLC acquired a new position in Aramark during the first quarter worth about $103,000. Squar Milner Financial Services LLC acquired a new position in Aramark during the second quarter worth about $105,000. FNY Investment Advisers LLC acquired a new position in Aramark during the second quarter worth about $148,000. Aristotle Atlantic Partners LLC acquired a new position in Aramark during the first quarter worth about $208,000. Finally, Putnam FL Investment Management Co. acquired a new position in Aramark during the first quarter worth about $222,000. Institutional investors own 93.62% of the company’s stock.
Several research analysts have weighed in on ARMK shares. Zacks Investment Research lowered shares of Aramark from a “hold” rating to a “sell” rating in a research report on Thursday, April 19th. TheStreet downgraded shares of Aramark from a “b” rating to a “c+” rating in a report on Tuesday, May 8th. ValuEngine raised shares of Aramark from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Credit Suisse Group assumed coverage on shares of Aramark in a report on Friday. They issued an “outperform” rating and a $52.00 price target on the stock. Finally, Robert W. Baird downgraded shares of Aramark from an “outperform” rating to a “neutral” rating and set a $37.00 price target on the stock. in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $46.43.
Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. Aramark had a net margin of 3.26% and a return on equity of 17.37%. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.92 billion. equities analysts predict that Aramark will post 2.02 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 30th. Shareholders of record on Thursday, August 16th will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, August 15th. Aramark’s dividend payout ratio (DPR) is presently 23.73%.
Aramark Company Profile
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company operates through three segments: Food and Support Services North America, Food and Support Services International, Uniform and Career Apparel.
Further Reading: Market Capitalization and Individual Investors
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