KBC Group NV Decreases Stock Holdings in Aramark (NYSE:ARMK)

KBC Group NV decreased its holdings in shares of Aramark (NYSE:ARMKGet Rating) by 13.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,136 shares of the company’s stock after selling 18,603 shares during the quarter. KBC Group NV’s holdings in Aramark were worth $4,555,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ARMK. Canada Pension Plan Investment Board raised its stake in shares of Aramark by 15.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,614,666 shares of the company’s stock valued at $59,500,000 after acquiring an additional 214,656 shares during the period. Seelaus Asset Management LLC purchased a new stake in shares of Aramark in the first quarter valued at $707,000. Schroder Investment Management Group raised its stake in shares of Aramark by 21.6% in the fourth quarter. Schroder Investment Management Group now owns 2,481,671 shares of the company’s stock valued at $91,449,000 after acquiring an additional 440,767 shares during the period. Ensign Peak Advisors Inc purchased a new stake in shares of Aramark in the fourth quarter valued at $3,177,000. Finally, ZWJ Investment Counsel Inc. raised its stake in shares of Aramark by 15.2% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 89,982 shares of the company’s stock valued at $3,316,000 after acquiring an additional 11,845 shares during the period.

Aramark Trading Up 0.3 %

ARMK stock opened at $35.17 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.14 and a quick ratio of 0.98. Aramark has a 12 month low of $28.74 and a 12 month high of $39.95. The firm’s 50-day moving average is $31.99 and its 200 day moving average is $34.48. The company has a market capitalization of $9.03 billion, a PE ratio of 60.64, a P/E/G ratio of 0.88 and a beta of 1.72.

Aramark (NYSE:ARMKGet Rating) last issued its earnings results on Tuesday, May 10th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Aramark had a net margin of 1.02% and a return on equity of 6.43%. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the prior year, the business earned ($0.24) EPS. The firm’s quarterly revenue was up 36.9% on a year-over-year basis. On average, research analysts anticipate that Aramark will post 1.15 EPS for the current year.

Aramark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 30th. Shareholders of record on Wednesday, August 17th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, August 16th. Aramark’s payout ratio is 75.86%.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reduced their price target on shares of Aramark from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $38.71.

Aramark Profile

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Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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