Asset Management One Co. Ltd. increased its stake in Aramark (NYSE:ARMK) by 1.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 359,754 shares of the company’s stock after purchasing an additional 3,646 shares during the quarter. Asset Management One Co. Ltd. owned 0.15% of Aramark worth $14,607,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Aramark by 59.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,502,775 shares of the company’s stock worth $61,584,000 after acquiring an additional 562,055 shares during the last quarter. Pegasus Partners Ltd. boosted its stake in shares of Aramark by 41.8% during the 3rd quarter. Pegasus Partners Ltd. now owns 104,938 shares of the company’s stock worth $4,262,000 after acquiring an additional 30,941 shares during the last quarter. Capital Fund Management S.A. boosted its stake in shares of Aramark by 34.0% during the 2nd quarter. Capital Fund Management S.A. now owns 199,712 shares of the company’s stock worth $8,184,000 after acquiring an additional 50,718 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Aramark by 3.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,344,658 shares of the company’s stock worth $55,104,000 after acquiring an additional 48,091 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Aramark by 2.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,898,636 shares of the company’s stock worth $77,806,000 after acquiring an additional 43,708 shares during the last quarter. Institutional investors own 95.68% of the company’s stock.

Aramark (NYSE:ARMK) opened at $42.00 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.86 and a current ratio of 1.12. Aramark has a one year low of $32.87 and a one year high of $44.12. The firm has a market cap of $10,308.78, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.79 and a beta of 0.47.

Aramark (NYSE:ARMK) last released its earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Aramark had a net margin of 2.56% and a return on equity of 19.29%. The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter in the previous year, the company earned $0.49 EPS. Aramark’s revenue for the quarter was up 3.1% on a year-over-year basis. research analysts expect that Aramark will post 1.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Monday, November 27th were issued a $0.105 dividend. This is an increase from Aramark’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Friday, November 24th. Aramark’s payout ratio is currently 28.19%.

ARMK has been the topic of several analyst reports. BidaskClub upgraded shares of Aramark from a “sell” rating to a “hold” rating in a research note on Saturday, September 23rd. Royal Bank of Canada restated a “buy” rating on shares of Aramark in a research note on Thursday, October 5th. Nomura lifted their target price on shares of Aramark from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research cut shares of Aramark from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Finally, Barclays restated a “hold” rating and set a $45.00 target price on shares of Aramark in a research note on Thursday, October 19th. Three 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 stock. Aramark has an average rating of “Buy” and an average price target of $44.83.

In related news, Director Sanjeev K. Mehra purchased 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.90% of the company’s stock.

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Aramark Company Profile

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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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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