Stephens Inc. AR Decreases Holdings in Aramark (ARMK)
Stephens Inc. AR cut its stake in shares of Aramark (NYSE:ARMK) by 22.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 140,751 shares of the company’s stock after selling 39,632 shares during the period. Stephens Inc. AR’s holdings in Aramark were worth $6,016,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Toronto Dominion Bank grew its position in shares of Aramark by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock valued at $124,000 after acquiring an additional 483 shares during the period. Cerebellum GP LLC bought a new stake in shares of Aramark during the 4th quarter valued at $127,000. Advisor Group Inc. grew its position in shares of Aramark by 85.7% during the 3rd quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock valued at $136,000 after acquiring an additional 1,542 shares during the period. SG Americas Securities LLC grew its position in shares of Aramark by 54.9% during the 4th quarter. SG Americas Securities LLC now owns 3,954 shares of the company’s stock valued at $169,000 after acquiring an additional 1,401 shares during the period. Finally, Highlander Capital Management LLC bought a new stake in shares of Aramark during the 3rd quarter valued at $203,000. Institutional investors and hedge funds own 94.79% of the company’s stock.
A number of brokerages have recently issued reports on ARMK. Morgan Stanley boosted their price objective on shares of Aramark from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Credit Suisse Group reissued an “outperform” rating and set a $50.00 price objective on shares of Aramark in a research report on Wednesday, January 24th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $51.00 target price on shares of Aramark in a report on Friday, January 19th. BidaskClub raised shares of Aramark from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Finally, Barclays reaffirmed a “hold” rating and issued a $45.00 target price on shares of Aramark in a report on Thursday, October 19th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $47.00.
Aramark (NYSE ARMK) opened at $42.55 on Wednesday. The firm has a market cap of $10,827.88, a price-to-earnings ratio of 24.91, a P/E/G ratio of 1.87 and a beta of 0.51. The company has a quick ratio of 0.86, a current ratio of 1.12 and a debt-to-equity ratio of 2.11. Aramark has a 1-year low of $34.74 and a 1-year high of $46.09.
Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.08. The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.88 billion. Aramark had a net margin of 2.56% and a return on equity of 19.29%. Aramark’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. analysts expect that Aramark will post 1.96 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 14th will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, February 13th. Aramark’s dividend payout ratio is currently 28.19%.
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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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