Public Employees Retirement System of Ohio reduced its stake in shares of Aramark (NYSE:ARMK) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 170,184 shares of the company’s stock after selling 3,257 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.07% of Aramark worth $6,911,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its stake in shares of Aramark by 59.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,502,775 shares of the company’s stock worth $61,584,000 after buying an additional 562,055 shares during the period. Pegasus Partners Ltd. raised its holdings in shares of Aramark by 41.8% during the third quarter. Pegasus Partners Ltd. now owns 104,938 shares of the company’s stock worth $4,262,000 after purchasing an additional 30,941 shares during the last quarter. Capital Fund Management S.A. raised its holdings in shares of Aramark by 34.0% during the second quarter. Capital Fund Management S.A. now owns 199,712 shares of the company’s stock worth $8,184,000 after purchasing an additional 50,718 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Aramark by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 1,344,658 shares of the company’s stock worth $55,104,000 after purchasing an additional 48,091 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Aramark by 2.4% during the second quarter. Goldman Sachs Group Inc. now owns 1,898,636 shares of the company’s stock worth $77,806,000 after purchasing an additional 43,708 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Several research analysts recently issued reports on the stock. Barclays raised their target price on shares of Aramark from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Friday. Stifel Nicolaus assumed coverage on shares of Aramark in a report on Tuesday. They set a “buy” rating and a $50.00 target price for the company. Zacks Investment Research cut shares of Aramark from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. Royal Bank of Canada raised their target price on shares of Aramark from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, October 17th. Finally, Nomura raised their target price on shares of Aramark from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Aramark presently has an average rating of “Buy” and a consensus price target of $45.86.

Aramark (NYSE ARMK) opened at $42.80 on Friday. Aramark has a fifty-two week low of $32.87 and a fifty-two week high of $44.12. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.12 and a quick ratio of 0.86. The firm has a market cap of $10,507.26, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 1.82 and a beta of 0.47.

Aramark (NYSE:ARMK) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. equities research analysts expect that Aramark will post 1.96 EPS for the current fiscal year.

The company also recently disclosed 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 a boost from Aramark’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, November 24th. This represents a $0.42 dividend on an annualized basis and a yield of 0.98%. Aramark’s payout ratio is presently 28.19%.

In other news, Director Sanjeev K. Mehra acquired 19,640 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was bought at an average price of $40.75 per share, with a total value of $800,330.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is currently owned by insiders.

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Aramark 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).

Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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