Point72 Europe London LLP Has $9.15 Million Position in Aramark (NYSE:ARMK)

Point72 Europe London LLP boosted its holdings in shares of Aramark (NYSE:ARMK) by 208.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 325,602 shares of the company’s stock after acquiring an additional 220,202 shares during the quarter. Aramark comprises about 1.1% of Point72 Europe London LLP’s investment portfolio, making the stock its 27th biggest position. Point72 Europe London LLP’s holdings in Aramark were worth $9,149,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ARMK. New York State Teachers Retirement System lifted its holdings in shares of Aramark by 24.1% during the fourth quarter. New York State Teachers Retirement System now owns 141,849 shares of the company’s stock valued at $3,986,000 after acquiring an additional 27,522 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Aramark by 121.0% during the fourth quarter. Nordea Investment Management AB now owns 368,303 shares of the company’s stock valued at $10,268,000 after acquiring an additional 201,623 shares during the period. Artisan Partners Limited Partnership lifted its holdings in shares of Aramark by 9.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 391,727 shares of the company’s stock valued at $11,008,000 after acquiring an additional 33,206 shares during the period. Bank of Nova Scotia lifted its holdings in shares of Aramark by 84.7% during the fourth quarter. Bank of Nova Scotia now owns 1,192,142 shares of the company’s stock valued at $33,498,000 after acquiring an additional 546,796 shares during the period. Finally, Great Lakes Advisors LLC bought a new position in shares of Aramark during the fourth quarter valued at $3,924,000.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ARMK shares. Robert W. Baird lifted their price objective on Aramark from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Truist Financial lifted their price target on Aramark from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.32.

Aramark Trading Down 2.6 %

NYSE:ARMK traded down $0.87 on Tuesday, hitting $32.90. 2,489,250 shares of the stock were exchanged, compared to its average volume of 2,503,241. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 1.33 and a beta of 1.56. Aramark has a 52 week low of $23.95 and a 52 week high of $34.00. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.11 and a current ratio of 1.25. The company’s 50-day moving average price is $32.13 and its 200 day moving average price is $30.39.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.03. The company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.25 billion. Aramark had a return on equity of 13.82% and a net margin of 3.43%. On average, equities research analysts forecast that Aramark will post 1.57 earnings per share for the current year.

Aramark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were given a dividend of $0.095 per share. The ex-dividend date was Friday, May 10th. This represents a $0.38 annualized dividend and a dividend yield of 1.16%. Aramark’s payout ratio is currently 15.97%.

Aramark Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.