Pegasus Partners Ltd. raised its holdings in Aramark (NYSE:ARMK) by 41.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,938 shares of the company’s stock after purchasing an additional 30,941 shares during the period. Pegasus Partners Ltd.’s holdings in Aramark were worth $4,262,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in ARMK. Schwab Charles Investment Management Inc. increased its holdings in shares of Aramark by 59.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,502,775 shares of the company’s stock valued at $61,584,000 after acquiring an additional 562,055 shares during the last quarter. Capital Fund Management S.A. increased its holdings in shares of Aramark by 34.0% in the 2nd quarter. Capital Fund Management S.A. now owns 199,712 shares of the company’s stock valued at $8,184,000 after acquiring an additional 50,718 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Aramark by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,344,658 shares of the company’s stock valued at $55,104,000 after acquiring an additional 48,091 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Aramark by 2.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,898,636 shares of the company’s stock valued at $77,806,000 after acquiring an additional 43,708 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of Aramark by 8.9% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 197,011 shares of the company’s stock valued at $8,074,000 after acquiring an additional 16,150 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors.
In other Aramark news, Director Sanjeev K. Mehra purchased 19,640 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.90% of the company’s stock.
A number of brokerages have recently weighed in on ARMK. Zacks Investment Research upgraded Aramark from a “sell” rating to a “hold” rating in a report on Wednesday, November 22nd. Nomura lowered their price objective on Aramark from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Barclays PLC restated a “hold” rating and set a $45.00 price objective on shares of Aramark in a research note on Thursday, October 19th. BidaskClub upgraded Aramark from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Finally, Royal Bank Of Canada upped their price objective on Aramark from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $44.83.
Aramark (ARMK) opened at $41.32 on Monday. The company has a market capitalization of $10,120.00, a price-to-earnings ratio of 23.34, a P/E/G ratio of 1.76 and a beta of 0.50. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.00 and a current ratio of 1.30. Aramark has a 52 week low of $32.87 and a 52 week high of $44.12.
Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, November 14th. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.70 billion. Aramark had a return on equity of 19.69% and a net margin of 2.56%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. analysts anticipate that Aramark will post 1.96 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Monday, November 27th will be paid a $0.105 dividend. This is a boost from Aramark’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, November 24th. This represents a $0.42 annualized dividend and a dividend yield of 1.02%. Aramark’s dividend payout ratio is presently 27.70%.
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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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